Nvidia climbs, D.R. Horton gets a Buffett boost, and other stocks on the move – MarketWatch

Stocks on the move Tuesday:
Stock gainers:
Nvidia Corp.’s NVDA, -1.45% stock rose 2% after a pair of analysts at UBS and Morgan Stanley boosted their bullish views of the hot chip stock.
Tiziana Life Sciences Ltd.’s TLSA, +2.19% stock soared 28% after the microcap biotech said it has received clearance from the Food and Drug Administration for its investigational new drug application for intranasal foralumab, a treatment for Alzheimer’s disease.
D.R. Horton’s DHI, +0.17% and Lennar Corp.’s LEN, +0.50% stocks rose 2.2% and 1.4%, respectively, after Warren Buffett’s Berkshire Hathaway Inc.  BRK.B, +0.37% BRK.A, +0.45% took new stakes in the home builders, according to quarterly disclosures.
General Motors Co.’s GM, +1.17% stock slid 2.1%, after Buffett offloaded a big chunk of his stock in the carmaker.
AMC Entertainment Holdings Inc.’s AMC, -11.58% stock rose 3% as it bounced back from heavy losses Monday after a revised stock-conversion plan was approved by the Delaware Chancery Court.
Stock decliners:
Bank of New York Mellon Corp.’s BK, -0.16% stock slid 1.5% after Berkshire also disclosed it had dumped its entire stake in the regional bank.
Discover Financial Services’ DFS, +0.20% stock fell 10% as the worst performer in the S&P 500 after it said its chief executive, Roger C. Hochschild, had resigned.
Share of Rumble Inc. RUM, -0.56%, a social-media and video-sharing platform, fell 10% after it reported a bigger-than-expected loss.
Galecto Inc.’s GLTO, -1.06% stock tumbled 70% after the biotech company said it would drop an investigational treatment for idiopathic pulmonary fibrosis, a chronic lung disease. 
Design Therapeutics Inc.’s DSGN, +0.76% stock slid 68% after the biopharma company reported mixed results from an early-stage trial of a treatment for Friedreich ataxia, a genetic neuromuscular disease.
Sector weakness:
Banks were hit Tuesday after Federal Deposit Insurance Corp. Chair Martin Gruenberg said large regional banks should face new rules and tougher oversight.
Fitch analyst Chris Wolfe said the debt-rating agency may be forced to downgrade many U.S. banks after it posted a ratings watch in June. If Fitch downgrades the industry by one notch to AA- from A+, it would have to re-evaluate ratings on more than 70 U.S. banks it covers, Wolfe said in an interview with CNBC-TV.
KeyCorp. KEY, +3.31% was down 3.5%, Comerica Inc. CMA, +2.68% was down 4%, Citizens Financial Group CFG, +1.60% was down 3.9% and Capital One Financial Corp. COF, was down 2.2%.

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