U.S. stocks were mostly higher, with the Dow Jones index gaining more than 150 points on Wednesday.
Shares of Reliance Steel & Aluminum Co. (NYSE:RS) rose sharply in today’s session after the company reported fourth-quarter earnings above estimates and issued above-consensus first-quarter FY24 adjusted EPS.
Reliance Steel & Aluminum posted adjusted earnings of $4.73 per share, beating market estimates of $3.92 per share. The company’s quarterly sales came in at $3.34 billion versus estimates of $3.30 billion.
Reliance Steel & Aluminum shares climbed 10.4% to $325.15 on Thursday.
Here are some other big stocks recording gains in today’s session.
- Nano-X Imaging Ltd. (NASDAQ:NNOX) shares surged 54.7% to $9.84. Nvidia reported a 59,632 share stake in Nano X Imaging.
- SoundHound AI, Inc. (NASDAQ:SOUN) rose 53% to $3.4499. According to data from Benzinga Pro, BlackRock reported a 5.6% passive stake in SoundHound AI after the market close. Traders also appear to be circling a filing from Nvidia in which the company disclosed positions in several companies, including SoundHound AI.
- Pegasystems Inc. (NASDAQ:PEGA) climbed 27.8% to $64.84 after the company reported better-than-expected fourth-quarter financial results and issued FY24 EPS and revenue guidance above estimates.
- JFrog Ltd. (NASDAQ:FROG) shares gained 27% to $47.09 after the company reported better-than-expected fourth-quarter financial results and issued first-quarter adjusted EPS and revenue guidance above estimates.
- American Well Corporation (NASDAQ:AMWL) surged 25% to $1.39 following quarterly results.
- Datasea Inc. (NASDAQ:DTSS) climbed 25% to $11.24. DataSea announced a $30 million 5G multimodal communication technology service agreement.
- AppLovin Corporation (NASDAQ:APP) climbed 22% to $57.16 after the company reported better-than-expected fourth-quarter financial results.
- Ultralife Corporation (NASDAQ:ULBI) rose 21.4% to $9.60 following upbeat quarterly results.
- Shake Shack Inc. (NYSE:SHAK) climbed 18.6% to $92.60 after the company reported better-than-expected quarterly financial results and issued guidance.
- Digital World Acquisition Corp. (NASDAQ:DWAC) gained 18.6% to $51.65 after the company announced the U.S. Securities and Exchange Commission declared its registration statement on Form S-4 effective.
- Sylvamo Corporation (NYSE:SLVM) rose 18.5% to $53.94 following upbeat earnings.
- DNOW Inc. (NYSE:DNOW) surged 18.4% to $11.62 following strong quarterly results.
- Organon & Co. (NYSE:OGN) shares gained 16.5% to $19.07 after the company reported better than expected Q4 2023 earnings and issued 2024 guidance.
- BridgeBio Pharma, Inc. (NASDAQ:BBIO) rose 15.6% to $39.75.
- Zebra Technologies Corporation (NASDAQ:ZBRA) gained 14% to $288.44 after the company reported fourth-quarter financial results and issued first-quarter guidance above estimates.
- Appian Corporation (NASDAQ:APPN) surged 13.8% to $37.97 after the company reported fourth-quarter financial results above estimates.
- Zebra Technologies Corporation (NASDAQ:ZBRA) gained 12.7% to $285.24 after the company reported fourth-quarter financial results and issued first-quarter guidance above estimates.
- Informatica Inc. (NYSE:INFA) rose 12.6% to $33.91 after the company reported better-than-expected fourth-quarter financial results.
- Patterson-UTI Energy, Inc. (NASDAQ:PTEN) gained 12.3% to $11.61 following strong sales.
- Blueprint Medicines Corporation (NASDAQ:BPMC) gained 11.5% to $85.66 following strong results.
- CRISPR Therapeutics AG (NASDAQ:CRSP) rose 10.8% to $87.62. Wolfe Research analyst Andy Chen initiated coverage on CRISPR Therapeutics with a Peer Perform rating.
- Antero Resources Corporation (NYSE:AR) gained 10.5% to $23.44 following upbeat results.
- EPAM Systems, Inc. (NYSE:EPAM) rose 10.3% to $288.44 after the company reported fourth-quarter financial results and issued first-quarter revenue guidance above estimates.
- Kadant Inc. (NYSE:KAI) climbed 10% to $346.60 following strong results.
- Cognex Corporation (NASDAQ:CGNX) gained 9.8% to $39.70 following upbeat earnings.
- Cushman & Wakefield plc (NYSE:CWK) rose 8.8% to $11.72.
- SunPower Corporation (NASDAQ:SPWR) shares climbed 8.8% to $4.64 after the company announced raising $175 million in new capital financing from TotalEnergies and Global Infrastructure Partners and fourth-quarter financial results below estimates.
- Lyft, Inc. (NASDAQ:LYFT) gained 8.6% to $17.82. Lyft recently reported fourth-quarter financial results and issued guidance.
- Manulife Financial Corporation (NYSE:MFC) rose 7.6% to $24.34 following upbeat earnings.
- Albemarle Corporation (NYSE:ALB) gained 7% to $122.36 after the company reported quarterly financial results.
- Coinbase Global, Inc. (NASDAQ:COIN) rose 6.2% to $170.35 after JP Morgan upgraded the stock from Underweight to Neutral and announced an $80 price target.
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