Morning Movers: Target surges and Macy’s falls following earnings

Check out this morning’s top movers from around Wall Street, compiled by The Fly.

HIGHER –

• Stronghold Digital Mining (SDIG) up 59% after Bitfarms (BITF) and the company entered into a definitive merger agreement under which Bitfarms will acquire Stronghold in a stock-for-stock merger transaction
• Vector Group (VGR) up 8% after announcing a definitive agreement to be acquired by JT Group for $2.4B
• Arch Resources (ARCH) up 6% after the company and Consol Energy (CEIX) announced that they have entered into a definitive agreement to combine in an all-stock merger of equals to create Core Natural Resources
• Ford (F) up 1% after announcing a new EV strategy and reporting it will no longer produce an all-electric three-row SUV

UP AFTER EARNINGS –

• Target (TGT) up 16%
• Full Truck Alliance (YMM) up 5%
• TJX (TJX) up 4%
• GDS Holdings (GDS) up 4%
• Analog Devices (ADI) up 2%

DOWN AFTER EARNINGS –

• Macy’s (M) down 9%

LOWER –

• JD.com (JD) down 7% after Walmart (WMT) sold its entire stake in the Chinese e-commerce company, exiting an eight-year investment in order to focus on its own operations in China
• Aadi Bioscience (AADI) down 15% after halting its PRECISION 1 trial of nab-sirolimus and announcing it would cut its R&D workforce by 80%