Biggest stock movers today: Big Lots, NIO, PDD Holdings, UP Fintech and more
Diego Thomazini
Stock futures rose on Tuesday after JOLTs data for July fell short of market forecasts.
Here are some of Tuesday's biggest stock movers:
Biggest stock gainers

Big Lots (NYSE:BIG) shares rose 22% after smashing the consensus estimate in Q2. For the third quarter and fourth quarters, the company expects comparable sales to improve sequentially.

PDD Holdings (NASDAQ:PDD) surged 13% after the company outperformed in Q2 with top line growth of 66% Y/Y and profit growth of 42% Y/Y. âIn Q2, we seized the opportunities of favorable consumption trends and invested firmly and responsibly,â said Ms. Jun Liu, VP of Finance at PDD Holdings. âLooking ahead, we will continue to invest with determination and patience to execute our high-quality development strategy.â
Shares of Jackson Financial (NYSE:JXN) and Goosehead Insurance (NASDAQ:GSHD) surged around 8%
and 11% as the companies prepare to enter the S&P SmallCap 600. Goosehead Insurance (GSHD) will replace NuVasive (NUVA) while Jackson Financial (JXN) will replace NexTier Oilfield Solutions (NEX) in the S&P SmallCap 600, effective September 1.
UP Fintech (NASDAQ:TIGR) gained 13% after the company reported positive Q2 results. The company's total account balance increased 16.2% Y/Y to $17.3B along with revenue growth of ~24%.

Biggest stock losers

NIO (NYSE:NIO) shares slid roughly 7% after the EV maker fell short of market expectations in Q2. The company's Q2 deliveries slumped 24% Y/Y and Vehicle sales declined by ~25% Y/Y as lower average selling prices impacted results negatively, as well as a higher proportion of ET5 and 75 kWh standard-range battery pack deliveries.
Despite exceeding the consensus mark in Q3, Heico's (NYSE:HEI) stock fell 6% after the manufacturer of aerospace and defense parts reported a decline in its operating margin. It also stated that persistent supply-chain bottlenecks could result in higher labor and material prices. The company's operating margin rate fell to 20.7% from 22.6% the previous year.


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