Why These 5 Stocks Are Trending on Tuesday

In this article we take a look at five stocks that are moving on Tuesday. If you want to read our detailed analysis of these stocks, go to read Why These 10 Stocks Are Trending on Tuesday. 

5. GlaxoSmithKline plc (NYSE:GSK) is in the spotlight after after Bloomberg reported GlaxoSmithKline’s consumer division is fielding interest from private equity firms. GlaxoSmithKline plc (NYSE:GSK) has said before that the company’s board will evaluate options to increase shareholder value. What the board decides is still not clear. 28 elite funds were long GlaxoSmithKline plc (NYSE:GSK) at the end of June.


4. NIKE, Inc. (NYSE:NKE) is up 0.77% after Kate McShane of Goldman Sachs initiated coverage on the company with a ‘Buy’ rating. McShane has a $172 price target for NIKE, Inc. (NYSE:NKE). 67 elite funds in our database were long NIKE, Inc. (NYSE:NKE) at the end of Q2.


3. CureVac N.V. (NASDAQ:CVAC) is down 6.3% after the company decided not to proceed with the development of its most advanced vaccine candidate for COVID-19. CureVac N.V. (NASDAQ:CVAC)’s vaccine candidate’s efficacy was not comparable to Pfizer’s. The number of elite funds long CureVac N.V. (NASDAQ:CVAC) rose by 3 from the prior quarter to 12 at the end of the second quarter.


2. Airbnb, Inc. (NASDAQ:ABNB) is up 4.2% after Cowen upgraded the stock to ‘outperform’ from ‘market perform’. Airbnb, Inc. (NASDAQ:ABNB) could benefit from the rebound in the travel industry once the pandemic ends. The number of elite funds in our database that were long Airbnb, Inc. (NASDAQ:ABNB) rose to 58 in the second quarter from 52 in the first quarter.


1. MGM Resorts International (NYSE:MGM) has surged over 8.4% after Benjamin Chaiken of Credit Suisse upgraded MGM Resorts International (NYSE:MGM) to ‘Outperform’ from ‘Neutral’. The analyst doesn’t think the market is giving enough credit to MGM Resorts International (NYSE:MGM) for its transformation. Corvex Capital was long more than 15.6 million shares of MGM Resorts International (NYSE:MGM) at the end of June.

Disclosure: None.