U.S. stocks traded mostly lower, with the Nasdaq Composite falling over 200 points on Wednesday.
Shares of The Boeing Company (NYSE:BA) rose during Wednesday’s session following upbeat results.
The company reported a fourth-quarter revenue increase of 10% year-over-year to $22.02 billion, beating the consensus of $21.10 billion. Adjusted loss per share contracted to 47 cents from $1.75 in same quarter 2022, beating the consensus of 78 cents.
Boeing shares surged 4.7% to $209.79 on Wednesday.
Here are some other big stocks recording gains in today’s session.
- Powell Industries, Inc. (NASDAQ:POWL) shares climbed 49% to $121.89 after the company reported better-than-expected first-quarter financial results and raised its quarterly dividend.
- Plug Power Inc. (NASDAQ:PLUG) gained 17.8% to $4.3950 after Roth MKM upgraded the stock from Neutral to Buy and raised its price target from $4.5 to $9.
- DocGo Inc. (NASDAQ:DCGO) shares rose 15.8% to $3.9497 after the company announced a share buyback program of up to $36 million.
- Ashland Inc. (NYSE:ASH) gained 14.5% to $92.50 after the company reported mixed first-quarter financial results and issued guidance.
- Jin Medical International Ltd. (NASDAQ:ZJYL) climbed 12.5% to $236.64.
- LendingClub Corporation (NYSE:LC) climbed 12.3% to $9.81 after the company reported better-than-expected quarterly financial results.
- Nomura Holdings, Inc. (NYSE:NMR) gained 12.2% to $5.84 following third-quarter results.
- Paramount Global (NASDAQ:PARA) climbed 10.4% to $15.10 following reports suggesting Byron Allen made a $14 billion offer to acquire Paramount Global.
- Silence Therapeutics plc (NASDAQ:SLN) gained 10.3% to $21.51 after BMO Capital initiated coverage on the stock with an Outperform rating and $67 price target.
- NaaS Technology Inc. (NASDAQ:NAAS) jumped 9.7% to $1.5689.
- Humacyte, Inc. (NASDAQ:HUMA) gained 9% to $3.4758.
- Sunnova Energy International Inc. (NYSE:NOVA) jumped 8.8% to $11.89.
- Ermenegildo Zegna N.V. (NYSE:ZGN) gained 8.5% to $12.48 after the company reported quarterly financial results.
- RenaissanceRe Holdings Ltd. (NYSE:RNR) climbed 8% to $232.15 following upbeat earnings.
- Manhattan Associates, Inc. (NASDAQ:MANH) gained 7.1% to $239.67 as the company reported better-than-expected fourth-quarter results on Tuesday.
- Stryker Corporation (NYSE:SYK) rose 5.8% to $335.28 after the company reported better-than-expected fourth-quarter financial results.
- Celestica Inc. (NYSE:CLS) gained 5.7% to $35.00. RBC Capital analyst Maxim Matushansky maintained Celestica with an Outperform and raised the price target from $33 to $38.
- Automatic Data Processing, Inc. (NASDAQ:ADP) gained 4.5% to $249.30 following upbeat earnings.
- Teva Pharmaceutical Industries Limited (NYSE:TEVA) gained 4% to $12.19 after the company reported quarterly results and issued guidance.
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