Nikada
Stock futures were mixed in premarket trading on Tuesday, following a record-setting session for the Dow Jones, amid increasing expectations of rate cuts.
Here are some of Tuesday’s biggest stock movers:
Biggest stock gainers
- Match Group (NASDAQ:MTCH) shares soared 8% after activist investor Starboard Value revealed a 6.6% stake and pushed for a turnaround or sale. Starboard believes Match’s strong market position isn’t reflected in its stock price and is concerned about declining users at Tinder, the company’s flagship app. They’re demanding improved financial performance and increased shareholder returns, a strategy that has investors optimistic about Match’s future.
Biggest stock losers
- After a 31.4% surge in the previous session, shares of Trump Media Technology (NASDAQ:DJT) fell approximately 10% in early Tuesday trading. In the latest development, former President Donald Trump chose Ohio Senator J.D. Vance as his vice presidential running mate as the Republican National Convention kicked off Monday in Milwaukee. Vance, an investor in Rumble (RUM) through his venture capital firm, Narya Capital, has personally invested up to $300,000 in the platform. His stake could be valued at up to $1.5M as of now.
