Airbnb, Tesla stocks rise, Manchester United, Softbank shares fall and other stocks on the move

Tesla Inc.’s stock
TSLA,
+4.69%
jumped more than 4%, enough to pace the S&P 500 index’s
SPX
gainers, a day after it fell more than 5%. The electric vehicle giant’s stock had sold off on Friday after reports of another round of price cuts in China. That pullback came the day after it closed just shy of reaching a bull-market threshold.

KLA Corp. shares
KLAC,
+1.09%
climbed 2% after the semiconductor equipment maker raised its dividend by 11.5% and increased its stock repurchase program by $2 billion.

Brady Corp.’s stock
BRC,
+11.42%
shot up 12% after the industrial company reported fiscal fourth-quarter profit that beat expectations and set a $100 million stock repurchase program.

Shares of China-based biopharmaceutical Zai Lab Ltd.
ZLAB,
+9.73%
surged more than 8% after Seagen Inc.
SGEN,
-0.35%
and Genmab A/S
GMAB,
-0.99%
revealed improved survival data from a test of their treatment for cervical cancer, Tivdak. Zai Lab is collaborating with the companies on a China extension study.

Stock losers

Manchester United PLC‘s U.S.-listed shares
MANU,
-18.22%
plummeted nearly 20%, putting them on track for a record one-day selloff, after a Mail Online report that the U.K.-based football club was set to be taken off the market.

Shares of Japan-based holding company Softbank Group Corp.
SFTBY,
-2.52%

9984,
-0.42%
slumped more than 2% after U.K.-based chip designer Arm Holdings Ltd. set terms for its initial public offering. Based on the terms, Arm could be valued at between $48.2 billion and $52.3 billion, which is slightly below the expected range, as recently reported by The Wall Street Journal to be $50 billion to $55 billion.

Newell Brands Inc.‘s stock
NWL,
-4.86%
sank 4% and Lincoln National Corp.‘s stock
LNC,
-3.32%
shed nearly 3% after S&P Dow Jones Indices said that those names would be getting the boot from the S&P 500.