In this article, we take a look at five stocks that are making headlines on Tuesday. If you want to take a look at some more stocks that are trending today and the latest market situation, go to 10 Trending Stocks to Watch Today.
5. Plug Power Inc. (NASDAQ:PLUG) has rocketed 6.69% as of 11:04 AM ET after the Latham, New York-based developer of hydrogen fuel cells revealed a deal with Walmart Inc. (NYSE:WMT). The deal provides Plug Power Inc. (NASDAQ:PLUG) an option to deliver up to 20 tons per day of liquid green hydrogen to fuel material handling equipment across various distribution and fulfillment centers of Walmart Inc. (NYSE:WMT) in the US. The deal validates the company’s multi-year capital expenditure on the green hydrogen network. Walmart has been working with Plug Power Inc. (NASDAQ:PLUG) since 2012. It all started with a 50-fleet pilot and it has now increased to a size of 9,500 lifts and trucks.
Of the 924 hedge funds in Insider Monkey’s database, Plug Power Inc. (NASDAQ:PLUG) was held by 23 hedge funds as of Q4 2021.
4. DENTSPLY SIRONA Inc. (NASDAQ:XRAY) has declined 13.05% as of 11:05 AM ET after the Charlotte, North Carolina-based manufacturer and seller of dental products revealed that it had terminated its CEO, Don Casey, for reasons not disclosed to the public. Furthermore, Casey will also cease to serve his duties as a member of the Board of Directors. John Groetelaars will take over as the interim CEO of DENTSPLY SIRONA Inc. (NASDAQ:XRAY) until a suitable successor is found. The company also revealed that Mr. Barbara Bodem would take over as the interim CFO from Jorge Gomez, who will depart the company on May 6.
Moreover, DENTSPLY SIRONA Inc. (NASDAQ:XRAY) provided its preliminary results for Q1 2022. The company expects revenue to be around $965 million as opposed to the analysts’ estimates of $1.02 billion.
As of Q4 2021, DENTSPLY SIRONA Inc. (NASDAQ:XRAY) was held by 28 hedge funds.
3. American Campus Communities, Inc. (NYSE:ACC) has soared 12.78% as of 11:05 AM ET after private equity firm Blackstone Inc. announced that it would acquire the Austin, Texas-based provider of student housing for $12.8 billion, including debt. American Campus Communities, Inc. (NYSE:ACC) owns 166 properties in proximity to 71 universities across the US. This translates into a per-share value of $65.47, which reflects a premium of 14% from the last closing price. Following the deal, American Campus Communities, Inc. (NYSE:ACC) will go private and will become a part of Blackstone Real Estate Investment Trust (REIT) and Blackstone Property Partners. M&A activity in the real estate sector is on the rise due to access to cheap capital and the boom in the housing market.
American Campus Communities, Inc. (NYSE:ACC) is a constituent of 18 hedge fund portfolios as of Q4 2021.
2. Alibaba Group Holding Limited (NYSE:BABA) has fallen 1.38% as of 11:03 AM ET on the back of concerns related to more strict regulations from the Chinese regulatory authorities on the live streaming industry. The Central Cyberspace Administration of China announced that it would start a two-month action plan to stop illegal content on short video and streaming websites. Companies like Alibaba Group Holding Limited (NYSE:BABA) and Bilibili Inc. (NASDAQ:BILI) are expected to be impacted by the crackdown.
As of Q4 2021, 96 hedge funds held a stake in Alibaba Group Holding Limited (NYSE:BABA). Fisher Asset Management is the leading investor in Alibaba Group Holding Limited (NYSE:BABA), with a stake worth over $1.6 billion.
1. Delta Air Lines, Inc. (NYSE:DAL) has gained 3.25% as of 11:07 AM ET after the Atlanta, Georgia-based airliner became a beneficiary of the ruling that struck down the federal mandatory mask mandate on public transportation. This ruling was made by US District Judge Kathryn Kimball Mizelle. The White House has shown its disappointment in the ruling and said that the CDC still recommends wearing a mask in public transport. All major airlines like Delta Air Lines, Inc. (NYSE:DAL) have announced that wearing a mask will now be optional for all domestic and the majority of international flights.
Of the 924 hedge funds in Insider Monkey’s database, 47 funds held a stake in Delta Air Lines, Inc. (NYSE:DAL) as of Q4 2021. Lansdowne Partners is one of the leading investors in Delta Air Lines, Inc. (NYSE:DAL).
You can also take a peek at the 10 Stocks to Buy in April According to Jim Cramer, and 10 Cryptocurrencies Redditors are Buying in April.
