Microchip Technology, Tesla, Humacyte And Other Big Stocks Moving Higher On Tuesday

Benzinga
2025.07.08 14:53
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U.S. stocks showed mixed results on Tuesday, with the Dow Jones falling over 100 points. Microchip Technology shares rose 4.1% after an analyst raised its price target from $78 to $85. Other notable gainers included Humacyte (up 27.4%), Wolfspeed (up 18.2%), and SharpLink Gaming (up 16.4%). Tesla gained 3.1% amid news of a new political party launch by CEO Elon Musk, with analysts maintaining an Outperform rating but adjusting price targets. Dow Inc. announced the shutdown of three European plants, potentially leading to significant asset write-downs.