Closing Bell Movers: Lensar down 24% on terminated Alcon deal

Reports that the easing chokehold on a critical global energy supply that is the Straight of Hormuz helped sentiment recover on Monday as WTI Crude Oil prices fell over $7 below $93 per barrel and major indices bounced for the first time in five trading sessions.   Some of the higher-beta areas of the market outperformed and even Energy names traded firmer, while the more defensively oriented consumer staples underperformed.  Tech Hardware and Semis were especially strong, with names like Sandisk (SNDK) up 6.4% and Micron (MU) up 3.7% approaching 2026 highs. 

In the opening hour of the evening session, sentiment is less exuberant – both S&P 500 and Nasdaq 100 futures are down by over a decimal.   WTI has also come off its Monday lows to trade above $94.50, while precious metals are seeing little volatility as USD rally appears to have stalled.

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

HIGHER AFTER EARNINGS –

• Babcock & Wilcox Enterprises (BW) up 8.5%

ALSO HIGHER –

• New Era Energy & Digital (NUAI) up 8.9% after naming new CFO

DOWN AFTER EARNINGS –

• Bakkt (BKKT) down 6.6%
• Ampco-Pittsburgh (AP) down 6.0%

ALSO LOWER –

• LENSAR (LNSR) down 24.2% after terminating Alcon merger
• Rhythm Pharmaceuticals (RYTM) down 5.0% after announcing EMANATE trial substudies did not meet primary endpoints