By Ben Eisen, MarketWatch

NEW YORK (MarketWatch) -- Shares of Hertz Global Holdings Inc. got a lift Tuesday after the rental-car company adopted a shareholder-rights plan, while Marvell Technology Group Ltd. benefited from the disclosure of a stake in the company by a private-equity firm.

Gainers

Hertz Global Holdings Inc. (HTZ) shares were up 4.2% Tuesday after the rental-car company said it would adopt a shareholder-rights plan called a poison pill. The firm wants to bar investors from collecting a controlling stake it by pushing a large amount of new shares into the market. Hertz took these measures due to "unusual and substantial" trading activity.

Marvell Technology Group Ltd.(MRVL) shares climbed more than 6% premarket after private-equity company KKR & Co. LLP said in a regulatory filing late Monday that it had bought a 6.8% stake in the chipmaker. KKR may explore a merger or restructuring of the business, which relies on selling chips to makers of flash drives, mobile, and wireless devices, according to Reuters.

Phillips 66 (PSX) shares were up 1.3% after Berkshire Hathaway Inc. (BRKA) (BRK/A) said it was purchasing the company's flow improver business.

Decliners

Apple Inc. (AAPL) fell 0.2%, extending a 1% drop from the previous session, after it told shareholders to reject a shareholder repurchase plan proposed by activist investor Carl Icahn.

Trending tickers

Facebook Inc. (FB) was up 1.3% Tuesday as the social-media company began to reverse a 3.1% loss from the prior session.

Twitter Inc. (TWTR) was up 2.4% premarket following a two-day slide. The momentum stock was down 5.1% on Monday and over 13% on Friday.

Netflix Inc. (NFLX) shares were down 0.3% after the firm said Chief Executive Reed Hastings would get a 50% raise in 2014. He will make a $3 million salary next year and receive $3 million in stock option allowances.

More from MarketWatch:

5 things you didn't know about champagne.

FTSE gains 14% in 2013

Withdrawal of stimulus could cause fresh crisis.

.

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Marvell Technology (NASDAQ:MRVL)
Historical Stock Chart
From Feb 2024 to Mar 2024 Click Here for more Marvell Technology Charts.
Marvell Technology (NASDAQ:MRVL)
Historical Stock Chart
From Mar 2023 to Mar 2024 Click Here for more Marvell Technology Charts.