Biggest stock movers Tuesday: WOLF, PL, and more

[Business Team Analyzing Interactive Digital Dashboards with Data Visualizations]
sankai

Stock futures edged higher Tuesday morning as investors prepared for the release of the preliminary nonfarm payrolls benchmark and awaited key inflation data later this week, which could influence the Federal Reserve’s next moves.

Here are some of Tuesday's biggest stock movers:

BIGGEST STOCK GAINERS

* WOLFSPEED (NYSE:WOLF [https://seekingalpha.com/symbol/WOLF]) +58% – Shares soared after the company received court approval for its Plan of Reorganization and expects to emerge from Chapter 11 in the coming weeks. The restructuring will reduce debt by roughly 70%, giving Wolfspeed greater financial flexibility to focus on innovation and strategic priorities in the silicon carbide industry. CEO Robert Feurle said the milestone clears the path for the company to strengthen its capital structure and reinforce its market leadership.
* NEBIUS GROUP (NASDAQ:NBIS [https://seekingalpha.com/symbol/NBIS]) +44% - Shares climbed after the company announced a multi-year AI infrastructure deal with Microsoft (MSFT) worth $17.4B over five years, potentially rising to $19.4B if additional capacity is added. Nebius will provide dedicated capacity from its new Vineland, N.J. data center, starting later this year, according to a Form 6-K filing.

BIGGEST STOCK LOSERS

* PLANET LABS (NYSE:PL [https://seekingalpha.com/symbol/PL]) -12% – Shares fell after hitting a 52-week high following a strong Q2 beat and raised full-year revenue guidance. The company announced a private offering of $300M in convertible senior notes due 2030, with an additional $45M available for over-allotments. The unsecured notes will pay semi-annual interest and are convertible into cash, Class A common stock, or both. Proceeds will partly fund capped call transactions, with the remainder supporting general corporate purposes.
* AIRO GROUP HOLDINGS (NASDAQ:AIRO [https://seekingalpha.com/symbol/AIRO]) -10% – Shares dropped after the company announced an underwritten public offering of 3.5M shares. Proceeds will primarily fund growth initiatives, potential acquisitions, and the repurchase of 815,000 shares from certain stockholders at the offering price. If underwriters exercise their option to buy additional shares, AIRO may repurchase up to 301,312 more shares. Any remaining funds will support general corporate purposes, including working capital and operations.

MORE ON RELATED STOCKS:

* Nebius: Microsoft Buys In, Here's What Comes Next [https://seekingalpha.com/article/4820760-nebius-stock-microsoft-buys-in-heres-what-comes-next]
* Nebius: Microsoft Contract Resets Multiples (Rating Upgrade) [https://seekingalpha.com/article/4820758-nebius-stock-microsoft-contract-resets-multiples-upgrade-strong-buy]
* Nebius: Microsoft Deal Crushes Bear Thesis; A Bear Turns Bullish [https://seekingalpha.com/article/4820753-nebius-stock-microsoft-deal-crushes-bear-thesis-a-bear-turns-bullish]
* Nebius rockets after inking $17.4B deal with Microsoft for AI infrastructure [https://seekingalpha.com/news/4493205-nebius-rockets-after-inking-17_4b-deal-with-microsoft-for-ai-infrastructure]
* AIRO announces launch of public offering of common stock [https://seekingalpha.com/news/4493172-airo-announces-launch-of-public-offering-of-common-stock]