Home Depot's, Tesla's stocks rally, Fisker and HydraFacial parent shares fall, and other stocks on the move

By MarketWatch

Home Depot's stock leads the Dow's gainers after earnings report

Here are some of the day's bigger, more-active movers in midday trading on Tuesday:

Stock gainers:

Home Depot Inc.'s stock (HD) got a more than 6% boost, enough to pace the Dow Jones Industrial Average's DJIA gainers, after the home improvement retail giant reported third-quarter profit, sales and same-store sales that beat analyst expectations.

Shares of Tesla Inc. (TSLA) were driven up 5% and Amazon.com Inc.'s stock (AMZN) rose 2.5%, as part of a broad rally in consumer discretionary stocks as tame inflation data fueled hopes that consumers will have more spending power if prices increases slow.

Shares in Snap Inc. (SNAP) jumped more than 7% after a company spokesperson said the firm had struck a deal with Amazon to let users buy certain products from the e-commerce giant via the Snapchat app, according to Reuters.

Boston Properties Inc. shares (BXP) shot up 10%, as part of a broad rally in the real-estate investment trust sector as tame inflation data pushed Treasury rates lower -- making higher-yielding REITs more attractive -- after the REIT announced agreements to sell a 45% stake in two life sciences development properties at a gross valuation of about $1.66 billion.

LL Flooring Holdings Inc., formerly known as Lumber Liquidators, saw its stock (LL) surge 7% after the wood floorings company received a buyout bid from private-equity firm and shareholder F9 Investments LLC that valued LL at about $92.6 million.

Shares in Theseus Pharmaceuticals Inc. (THRX) surged 49% after the cancer therapy company said it had cut 72% of its workforce, as it explores plans to boost shareholder value, including by selling the firm.

Azenta Inc.'s stock (AZTA) rose 12% after the biotech company's fiscal fourth-quarter results beat Wall Street expectations and it announced plans to buy back an extra $500 million in stock in fiscal 2024.

Stock decliners:

Fisker Inc.'s stock (FSR) plunged 22% toward a record low after the electric vehicle maker reported a wider third-quarter loss and revenue that missed expectations.

Shares in HydraFacial parent Beauty Health Co. (SKIN) plummeted 60% toward a record low after the skin-treatment company reported a surprise large third-quarter loss, said its CEO was leaving and said it could file its audited quarterly results on time.

Workhorse Group Inc. shares (WKHS) slumped 4% after the EV maker missed third-quarter revenue expectations by a wide margin and provided a downbeat full-year outlook, as results were "significantly impacted" by delays in clean truck and bus vouchers (HVIP) in California.

-MarketWatch

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

11-14-23 1256ET

Copyright (c) 2023 Dow Jones & Company, Inc.