Top Movers | BYND & DPZ Jumped on Business Updates; Surging Call Options Drove LAZR Up

1. $Beyond Meat, Inc.(BYND)$ +13.52%: business progress + surging call options

The company said Tuesday that its steak product would expand to now be sold at about 14,000 stores across the U.S., including Whole Foods and Wegmans.

The stock was the best performer among its peers. The Russell 3000 Food Products Subsector rose 0.5%, while the Russell 3000 gained 0.9%

In addition to the good news, BYND is heavily shorted in June. The short covering might also contribute to its rally.

 The call options surged in this week.

2. $Luminar Technologies, Inc.(LAZR)$ +11.08%: surging call options

Luminar Technologies Inc. Class A rose 11%. Trading in the company's call options was seven times the average. Trading volume was double the average for this time of day.

The shares increased to $8.11, higher than any close since since March 17, from $7.31.

The stock was the best performer among its peers. 

3. $Domino's Pizza(DPZ)$ +11.09%: partnership with Uber Eats

$Domino's Pizza(DPZ)$  rallied more than 11% on Wednesday after the company said it has signed a global delivery deal with Uber.

Customers will be able to order pizzas and all Domino’s products straight from the ride-hailing company’s food delivery platforms Uber Eats and Postmates.

The deal will remain exclusive until at least 2024 and the first clients to try it will be in four pilot markets in the US. More domestic locations will be covered later this year, with global expansion slated for early 2024. The delivery, however, will still be handled by Domino’s staff.

Again, small-cap and second-tier growth stocks surged and dominated the market.