Activision, Amazon, Zillow stocks rise, Rivian and VeriSign shares fall and other stocks on the move

By MarketWatch

WD-40's stock soared toward an 18-month high after earnings, Boeing shares turn higher after deliveries data

Here are some of Tuesday's bigger and more-active movers:

Stock gainers:

Shares of Activision Blizzard Inc. (ATVI) ran up 11% to pace the S&P 500 index's gainers, after a U.S. District Court judge denied the attempt by federal regulators to block the acquisition of the videogame publisher by Microsoft Corp. (MSFT) due to antitrust concerns. Concerns by U.K. regulators need to be addressed for the $69 billion deal to close. Microsoft's stock slipped 0.2%.

Shares of Amazon.com Inc. (AMZN) climbed 1.1% as the ecommerce giant's Prime Day sales event kicked off, and after Wells Fargo added them to its list of "signature picks."

WD-40 Co. shares (WDFC) soared 18% toward an 18-month high in afternoon trading, putting them on track for the biggest one-day gain in nearly three years, after the company topped Wall Street estimates for the quarter.

Etsy Inc.'s stock (ETSY) rallied 9% toward an eight-month high, and has climbed 13% in two days, despite no news being released by the online crafts marketplace. The company did not immediately respond to a request for comment.

Boeing Co. shares (BA) rose nearly 2%, reversing an early decline of as much as 0.9%, after the aerospace giant reported second-quarter deliveries of commercial jets that increased 12% from a year ago.

Affirm Holdings Inc.'s stock (AFRM) jumped 10% after the buy-now-pay-later platform was the subject of a bullish call by analyst Dan Dolev at Mizuho, who pointed to "promising" Google search trends for the company's debit-card product.

Zillow Group Inc. shares (Z)(Z) surged 8% after Piper Sandler analyst Thomas Champion turned bullish on the online real estate services company.

U.S. Bancorp shares (USB) were up 3.5% after BofA Securities upgraded the bank to buy from neutral, while JPMorgan Chase & Co.'s stock (JPM) tacked on 1.3% after the bank was upgraded at Jefferies to buy from hold.

Shares of microcap Better Therapeutics Inc.(BTTX) shot up 21% ahead of a conference call scheduled Tuesday morning after the company got Food and Drug Administration approval for a smartphone-based behavioral therapy for those with Type 2 diabetes.

Stock decliners:

Rivian Automotive Inc.'s stock (RIVN) sank 3.3%, to put it on track for the first loss in 10 trading sessions. The electric vehicle maker's stock had rocketed 89.7% amid a record nine-day win streak through Monday.

VeriSign Inc. shares (VRSN) slid 5.5% to pace the S&P 500's decliners, after Baird analyst Rob Oliver downgraded the internet infrastructure company to neutral, after being at outperform for the past seven months, citing a weaker domain growth outlook.

GlobalFoundries Inc. shares (GFS) shed 2% the semiconductor foundry company said Tim Stone was leaving the company just two months after he was appointed chief financial officer.

Iovance Biotherapeutics stock (IOVA) slumped 10% as the company planned to sell $150 million in stock.

Shares of Viridian Therapeutics Inc. (VRDN) fell 14% following the biotech drug maker's announcement it was making changes to its study design for a chronic thyroid eye disease therapy.

ADT Inc.(ADT) stock dropped 1% in the extended session Monday after the home-security and alarm-monitoring company said in a filing that it will have to restate some financial results. ADT found mistakes in the way it dealt with some quarterly impairment losses.

-MarketWatch

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07-11-23 1414ET

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