U.S. stocks traded mostly higher, with the Dow Jones gaining around 100 points on Wednesday. Here are some big stocks recording gains in today’s session.
- National Western Life Group, Inc. (NASDAQ:NWLI) surged 35% to $360.76. National Western Life Group reported exploration of strategic alternatives.
- Tingo Group, Inc. (NASDAQ:TIO) gained 17.7% to $4.51.
- Studio City International Holdings Limited (NYSE:MSC) gained 16% to $7.92. Studio City recently reported Q1 financial results.
- ProPetro Holding Corp. (NYSE:PUMP) rose 15.5% to $7.49. ProPetro plans $100 million share repurchase program.
- Triumph Group, Inc. (NYSE:TGI) gained 14.7% to $12.06 after the company reported better-than-expected Q4 financial results and issued guidance.
- Western Alliance Bancorporation (NYSE:WAL) rose 9.9% to $34.71 after the company released an investor update. The company said QTD deposit growth exceeded $2 billion as of May 12th.
- Riskified Ltd. (NYSE:RSKD) gained 9.3% to $5.01 after the company reported better-than-expected Q1 revenue results and reiterated FY23 guidance.
- Purple Innovation, Inc. (NASDAQ:PRPL) rose 8.5% to $3.2350.
- Comerica Incorporated (NYSE:CMA) climbed 7.7% to $36.52. Shares of bank stocks traded higher after Western Alliance released an investor update showing QTD deposit growth exceeded $2 billion as of May 12th. This has helped ease some ongoing concerns over the financial sector.
- Keysight Technologies Inc (NYSE:KEYS) gained 7.7% to $157.80 after the company reported better-than-expected earnings results for its second quarter on Tuesday.
- Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) rose 6.6% to $1.1415.
- Wynn Resorts, Limited (NASDAQ:WYNN) climbed 6.1% to $109.35. Barclays upgraded Wynn Resorts from Equal-Weight to Overweight and raised the price target from $120 to $135.
- New York Community Bancorp, Inc. (NASDAQ:NYCB) gained 4.8% to $10.65. New York Community Bancorp reported a secondary offering of common stock by the Federal Deposit Insurance Corporation.
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