Stock futures inched higher Tuesday morning after U.S. President Donald Trump announced that a ceasefire between Israel and Iran, brokered by him, had officially taken effect.
Here are some of Tuesday’s biggest stock movers:
Biggest stock gainers
- Teladoc Health (NYSE:TDOC) +6% – Shares extended Monday’s 14% surge, the stock’s biggest jump since last November, after Citron Research said the market is underestimating the value of the virtual healthcare platform. Citron, which turned bullish on Teladoc in February after its acquisition of Catapult Health, emphasized in a new report that AI will enhance profitability and that the company’s scale “cannot be replicated” at its current market cap.
- Super Micro Computer (NASDAQ:SMCI) +4% – Shares rose after the company priced $2B in convertible senior notes due 2030, offered to qualified institutional buyers. The notes carry an initial conversion rate of 18.1154 shares per $1,000 and include an option for initial purchasers to buy an additional $300M. Net proceeds of ~$1.96B will be used to fund capped call transactions, repurchase shares, and for general corporate purposes.
Biggest stock losers
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Chewy (NYSE:CHWY) -2% – Shares fell after its largest shareholder, Buddy Chester Sub, priced an upsized offering of ~23.95M shares at $41.95 each. The company won’t receive any proceeds but will repurchase $100M worth of stock directly from the selling shareholder at the same price. These shares will be retired separately from Chewy’s existing $500M buyback program. The offering and repurchase are expected to close by June 25, 2025.
More on related stocks:
- Super Micro Computer Locks In On 2 Major Global AI Strategies
- Super Micro: Avoid FOMO, As Best Days Are Well Over (Rating Downgrade)
- The Growth Around Super Micro Computer Has Just Begun.
- Chewy prices secondary offering and concurrent repurchase
- Supermicro prices $2B private offering of senior convertible notes