U.S. stocks traded lower, with the Nasdaq Composite falling over 1% on Thursday. Here are some big stocks recording gains in today’s session.
- Splunk Inc. (NASDAQ:SPLK) rose 20.8% to $144.57. Cisco Systems, Inc (NASDAQ:CSCO) agreed to acquire Splunk for $157 per share in cash, representing approximately $28 billion in equity value.
- Calliditas Therapeutics AB (publ) (NASDAQ:CALT) climbed 13.3% to $19.11.
- Exscientia plc (NASDAQ:EXAI) gained 7.1% to $4.8505. Exscientia announced an AI drug discovery collaboration with Merck KGaA, Darmstadt, Germany.
- Klaviyo, Inc. (NYSE:KVYO) rose 6.1% to $34.75. The company priced its initial public offering above expectations, raising $576 million.
- Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) gained 6% to $8.75. Morgan Stanley upgraded Buenaventura Mining from Equal-Weight to Overweight and raised the price target from $8.6 to $10.3.
- FedEx Corporation (NYSE:FDX) gained 5.4% to $264.11 as the company reported better-than-expected earnings for its first quarter.
- FactSet Research Systems Inc. (NYSE:FDS) rose 4.7% to $443.56 as the company reported fourth-quarter FY23 sales growth of 7.3% year-on-year to $535.797 million, marginally beating the consensus of $535.280 million.
- The Greenbrier Companies, Inc. (NYSE:GBX) climbed 4.7% to $41.18 after the company announced orders for 15,300 new railcars valued at $1.9 billion.
- Cipher Mining Inc. (NASDAQ:CIFR) gained 3% to $2.75.
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