Upside, Downside Movers in the A.M.

Upside:

-NUVL +39% (to be acquired by GSK at $124/shr)

-CECO +17% (guidance)

-FCEL +14% (files mixed shelf of an indeterminate size)

-APLD +11% (signs long-term lease with unnamed U.S. based high investment-grade hyperscaler for 210 MW at Delta Forge 2; files to sell $1.59B senior secured notes due 2031)

-SJM +5.2% (earnings, guidance)

-RDDT +4.7% (hearing Piper Sandler made constructive comments on May ad metrics)

-SIRI +4.3% (to replace MASI in the S&P MidCap 400 Index, effective Jun 11th)

Downside:

-UNFI -17% (earnings, guidance)

-SAIL -12% (earnings, guidance)

-IDYA -8.6% (prices $300M offering of common stock and pre-funded warrants at $27/share)

-RDW -8.2% (files equity distribution agreement for up to $500M of common stock)

-EH -6.8% (earnings, guidance)

-LE -5.8% (earnings, guidance)

-MTN -4.9% (earnings, guidance)

-AVO -2.6% (earnings, guidance)

-PRGO -2.1% (appoints Albert A. Manzone as interim president and CEO; affirms FY outlook)

Positions: None.

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Posted by Doug Kass

Doug Kass is a world-renowned hedge fund manager with decades of experience and success navigating through some of the most turbulent periods in market history. He is known for his time-tested analytical skills and ability to look past the current noise and herd mentality. On TheStreet Pro, Kass provides frequent market commentary and investing ideas for active investors throughout each trading day in Doug’s Daily Diary. He also serves as president of Seabreeze Partners Management Inc. Previously, he served as a senior manager at Omega Advisors, a $6 billion investment partnership. He co-authored a book with Ralph Nader and the Center for the Study of Responsive Law called “Citibank: The Ralph Nader Report” and can be found as a guest host on CNBC's "Squawk Box." A Note from Doug: Current strategies and actionable trade ideas -- all on one dynamic platform built exclusively for active trades. From sudden sell-offs to sudden spikes, TheStreet Pro arms you with crucial analysis -- at a rapid fire, professional pace -- to help you make sound trading decisions -- every day, every hour, and every minute. Join me and my team of professional traders for unique perspectives and breakthrough investment opportunities.

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