U.S. stocks were lower, with the Nasdaq Composite falling around 150 points on Tuesday.
Shares of Smithfield Foods Inc (NASDAQ:SFD) rose sharply during Monday's session after the company reported better-than-expected fourth-quarter financial results.
Smithfield Foods reported quarterly earnings of 83 cents per share which beat the analyst consensus estimate of 68 cents per share. The company reported quarterly sales of $4.227 billion which beat the analyst consensus estimate of $4.138 billion.
Smithfield Foods shares jumped 6.8% to $25.06 on Tuesday.
Here are some other big stocks recording gains in today’s session.
- Roma Green Finance Ltd (NASDAQ:ROMA) shares jumped 14.7% to $6.80.
- TRON Inc (NASDAQ:TRON) gained 13.6% to $2.58.
- NetGear Inc (NASDAQ:NTGR) shares rose 9.6% to $24.17 after the FCC added internet routers made in foreign countries to its covered list of prohibited products.
- Venture Global Inc (NYSE:VG) gained 8.9% to $17.21.
- Peabody Energy Corp (NYSE:BTU) surged 8.6% to $38.46.
- indie Semiconductor Inc (NASDAQ:INDI) surged 8.5% to $2.82.
- Merlin Inc (NASDAQ:MRLN) surged 8.5% to $10.59.
- Tronox Holdings PLC (NYSE:TROX) gained 8.4% to $7.97.
- Red Cat Holdings Inc (NASDAQ:RCAT) jumped 7.9% to $16.42.
- WeRide Inc – ADR (NASDAQ:WRD) gained 6.8% to $7.40.
- Satellogic Inc (NASDAQ:SATL) gained 6.4% to $5.28. Satellogic reached a new subcontract agreement with Innovative Defense Technologies to support U.S. Office of Naval Research.
- Agencia Comercial Spirits Ltd (NASDAQ:AGCC) rose 5.4% to $16.02.
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