U.S. stocks traded mixed, with the Dow Jones dropping around 100 points on Wednesday. Here are some big stocks recording gains in today’s session.
- Allarity Therapeutics, Inc. (NASDAQ:ALLR) shares gained 87% to $11.78 after the company said the initial data from Phase 2 trial of Ixempra shows potential for improved clinical benefit in DRP-selected metastatic breast cancer patients.
- TMC the metals company Inc. (NASDAQ:TMC) climbed 21% to $2.36. On June 30, the company received written notice from Nasdaq notifying that it has regained compliance with minimum bid requirement.
- Pegasystems Inc. (NASDAQ:PEGA) rose 14% to $55.87. Wedbush upgraded Pegasystems from Neutral to Outperform.
- Wolfspeed, Inc. (NYSE:WOLF) jumped 12.7% to $63.97 after the company announced a 10-year silicon carbide wafer supply deal with Renesas Electronics Corporation.
- IonQ, Inc. (NYSE:IONQ) rose 10.5% to $14.92.
- Digital World Acquisition Corp. (NASDAQ:DWAC) gained 10% to $13.92. New reports indicate the company reached a settlement with the U.S. Securities and Exchange Commission (SEC).
- Sify Technologies Limited (NASDAQ:SIFY) rose 9.7% to $2.38.
- Opera Limited (NASDAQ:OPRA) climbed 9.2% to $23.48.
- XPeng Inc. (NYSE:XPEV) rose 8.3% to $15.15. Xpeng sees sharp growth in deliveries during the second half of the year.
- Wallbox N.V. (NYSE:WBX) gained 8.1% to $3.8698.
- Trinity Capital Inc. (NASDAQ:TRIN) rose 7.8% to $14.82. Jefferies initiated coverage on Trinity Cap with a Buy rating and announced a price target of $15.
- Navitas Semiconductor Corporation (NASDAQ:NVTS) climbed 6.3% to $11.05. Navitas confirmed continued supply of leading-edge gallium nitride power ICs.
- TETRA Technologies, Inc. (NYSE:TTI) rose 6.1% to $3.6050. Tetra Technologies raised its expectations for the second quarter on strong operational performance.
- Transocean Ltd. (NYSE:RIG) climbed 5.8% to $7.38 after Citigroup upgraded the stock from Neutral to Buy and raised its price target from $6.5 to $9.5. The company also announced that $172 million in options have been exercised for the Transocean Encourage in Norway.
- Nikola Corporation (NASDAQ:NKLA) gained 3.7% to $1.42 after reports indicated its plans to liquidate the assets of battery maker Romeo Power less than a year after buying it.
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