Cardinal Infrastructure (CDNL) agreed to acquire Atlanta-based Allied Paving Contractors for about $120 million, including approximately $62 million in cash and $58 million in Class A common stock, it said Tuesday.

Shares slumped 32% as intraday trading volume jumped to over 2.63 million from a daily average of more than 665,000.

Life360 (LIF) reported a strong Q2, with subscription trends and profitability exceeding expectations, although monthly active user growth remains a core H2 debate, UBS Securities said Tuesday.

Shares sank 25%, with intraday trading volume rising to nearly 2.30 million from a daily average of over 728,000.

On Holding (ONON) tempered its full-year constant-currency sales growth outlook on Tuesday as the Swiss sneaker maker's Q2 revenue fell short of market estimates.

Shares plunged 21% as intraday trading volume catapulted to about 30.2 million from the stock's daily average of more than 5.32 million.

Price: 41.23, Change: -18.78, Percent Change: -31.29