U.S. stocks traded lower, with the Dow Jones dropping over 400 points on Thursday. Here are some big stocks recording gains in today’s session.
- AMC Entertainment Holdings, Inc. (NYSE:APE) jumped 77% to $1.21. AMC Entertainment Holdings Inc (NYSE:AMC) announced an equity capital raise and a debt for equity exchange. The company also proposed a vote to convert AMC Preferred Equity Units into common shares and enact a reverse stock split.
- Alvotech (NASDAQ:ALVO) rose 25.8% to $10.44 after the company issued an update on U.S. regulatory status of AVT02, the company’s proposed high-concentration, interchangeable biosimilar to Humira.
- Gogoro Inc. (NASDAQ:GGR) climbed 10.4% to $3.72.
- Youdao, Inc. (NYSE:DAO) gained 10% to $6.36.
- MillerKnoll, Inc. (NASDAQ:MLKN) surged 9.5% to $20.00 after the company reported better-than-expected Q2 EPS and sales results.
- Cleveland-Cliffs Inc. (NYSE:CLF) gained 8.8% to $16.48 after the company said it expects to achieve higher fixed prices for steel in 2023.
- Icosavax, Inc. (NASDAQ:ICVX) rose 8.3% to $9.39.
- Design Therapeutics, Inc. (NASDAQ:DSGN) gained 7% to $9.09.
- Astria Therapeutics, Inc. (NASDAQ:ATXS) rose 6.8% to $13.73. Astria Therapeutics Director Joseph Edelman acquired a total of 908,265 shares at an average price of $11.01.
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