These Stocks Moved the Most Today: Sarepta, Verizon, Cleveland-Cliffs, Block, Tesla, DJT, Bruker, and More

Traders work on the floor of the New York Stock Exchange. (Michael M. Santiago/Getty Images)

Stocks were mixed Monday as Wall Street monitored the latest trade developments, digested a number of earnings reports, and looked ahead to quarterly updates later this week from Tesla and Alphabet. The Nasdaq Composite and S&P 500 still managed record closing highs.

These stocks made moves Monday:

Sarepta Therapeutics was down 5.4% after sinking 36% on Friday. The drugmaker refused a request from the Food and Drug Administration to stop shipments of its gene therapy Elevidys over safety issues. Two patients died earlier this year after taking the drug, and Sarepta already had paused shipments of Elevidys to a subset of patients with more advanced disease. The FDA responded by halting clinical trials for limb girdle muscular dystrophy after the agency said one of Sarepta’s experimental gene-replacement therapies was linked to the death of a 51-year-old patient last month.

Verizon Communications gained 4% as second-quarter earnings topped analysts’ expectations and the telecommunications giant raised its earnings and free cash flow guidance for 2025. Verizon reported 51,000 wireless retail postpaid net phone losses in the quarter, when analysts were looking for 13,000 additions.

Block rose 7.2% after it was announced Friday that the financial technology company formerly known as Square would be joining the S&P 500 before the start of trading Wednesday. Block will replace Hess following Chevron’s purchase of the energy company on Friday. Robinhood Markets and AppLovin, both prime candidates for admission into the benchmark index, were down 4.9% and up 0.5%, respectively.

Tesla stock fell 0.4%. “Back to working 7 days a week and sleeping in the office if my little kids are away,” CEO Elon Musk tweeted Saturday. This came as good news to Tesla investors, with the electric-vehicle maker set to report quarterly earnings Wednesday. Wall Street expects Tesla to earn 43 cents a share on an adjusted basis in the second quarter, down from 53 cents a year earlier. Shares have lost 18% this year.

Domino’s Pizza was down 0.8%. The pizza chain reported second-quarter earnings of $131.1 million, or $3.81 a share, compared with $142 million, or $4.03 a share, a year earlier. Analysts expected profit of $3.95 a share. The company said the quarter included a $27.4 million charge associated with the company’s investment in DPC Dash. Revenue at Domino’s rose 4.3% to $1.15 billion and U.S. same-store sales jumped 3.4%.

Shares of Cleveland-Cliffs surged 12% after the steel maker posted an adjusted loss of 50 cents a share in the second quarter, narrower than analysts’ estimates. The company reported earnings before interest, taxes, depreciation, and amortization of $97 million in the second quarter, while analysts expected an Ebitda loss of $35 million.

Pinterest rose 2.4% to $38 after analysts at Morgan Stanley upgraded shares of the social-media company to Overweight from Equal Weight and raised the price target to $45 from $37.

Trump Media & Technology Group climbed 3.1% after the Truth Social parent, which is majority owned by President Donald Trump, said it had accumulated about $2 billion in Bitcoin and Bitcoin-related securities as part of its previously announced crypto treasury strategy.

Bruker shares tumbled 12% after the maker of scientific instruments posted preliminary second-quarter earnings and revenue that missed Wall Street estimates. Shares have fallen 39% this year.

Earnings reports were expected after the closing bell Monday from NXP Semiconductors and Steel Dynamics.

Reports are expected later in the week from Alphabet, Tesla, International Business Machines, Intel, SAP, Coca-Cola, T-Mobile, AT&T, ServiceNow, Philip Morris International, RTX, Texas Instruments, Lockheed Martin, Capital One Financial, Sherwin-Williams, General Motors, D.R. Horton, NextEra Energy, GE Vernova, Chipotle Mexican Grill, Honeywell, Union Pacific, Newmont, Charter Communications, and Phillips 66.

Write to Joe Woelfel at joseph.woelfel@barrons.com and Mackenzie Tatananni at mackenzie.tatananni@barrons.com