Hostess Brands shares rally on deal news and Tesla stock is up on an upgrade, and more moving stocks

Here are some of the day’s biggest movers:

Stock gainers:

Shares of Hostess Brands Inc.
TWNK,
+0.86%
jumped more than 10% after The Wall Street Journal reported late Sunday that J.M. Smucker Co.
SJM,
+0.88%
is close to a roughly $4 billion deal to acquire the snack maker.

Tesla Inc.
TSLA,
-1.19%
shares rose 5.4% in premarket trading after Morgan Stanley upgraded the electronic-vehicle maker to buy from hold, and lifted its price target to $400 from $250 per share. Analyst Adam Jonas cited an advantageous position of the company via its new machine learning supercomputer, Dojo.

Shares of Oracle Corp.
ORCL,
+0.98%
rose 0.9% ahead of the company’s quarterly earnings report due after Monday’s market close. FactSet consensus calls for per-share earnings of $1.15 on sales of $12.5 billion for Oracle.

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