U.S. stocks traded lower, with the Dow Jones dropping over 200 points on Wednesday. Here are some big stocks recording gains in today’s session.
- XPeng Inc. XPEV shares jumped 36.2% to $10.00 after the company reported Q3 earnings and delivery results and issued Q4 sales and delivery guidance.
- Horizon Therapeutics Public Limited Company HZNP shares gained 27.7% to $100.59 after the company confirmed preliminary discussions regarding a potential offer. The company is in discussions with Amgen, Janssen and Sanofi.
- Satixfy Communications Ltd. SATX rose 23.5% to $19.00.
- Agora, Inc. API gained 20.8% to $3.2016.
- NIO Inc. NIO climbed 19.8% to $12.58 in sympathy with Xpeng after the company reported Q3 earnings and delivery results and issued Q4 guidance.
- Atour Lifestyle Holdings Limited ATAT rose 17.4% to $14.97.
- Li Auto Inc. LI gained 16.6% to $21.61 in sympathy with XPeng, which gained after the company reported Q3 earnings and delivery results and issued Q4 sales and delivery guidance.
- Dada Nexus Limited DADA rose 16.5% to $6.59.
- GDS Holdings Limited GDS gained 16.3% to $15.69.
- Build-A-Bear Workshop, Inc. BBW surged 16% to $22.48 after the company reported Q3 EPS results were higher year over year and better-than-expected Q3 sales results. The company also raised FY22 total revenue guidance.
- Titan Machinery Inc. TITN rose 13.8% to $39.70 after the company reported better-than-expected Q3 adjusted EPS and sales results.
- Kingsoft Cloud Holdings Limited KC gained 13.4% to $2.8804.
- Avadel Pharmaceuticals plc AVDL jumped 12.8% to $8.85 after Jefferies upgraded the stock from Hold to Buy and raised its price target from $6.5 to $11.
- Petco Health and Wellness Company, Inc. WOOF rose 12.8% to $10.70 after the company reported better-than-expected Q3 sales results and issued guidance.
- Viridian Therapeutics, Inc. VRDN gained 12.5% to $25.75. The company recently posted upbeat quarterly results.
- Mesoblast Limited MESO climbed 11.8% to $3.58. The company recently posted upbeat quarterly earnings.
- Dingdong (Cayman) Limited DDL rose 11.8% to $4.3379.
- Workday, Inc. WDAY gained 11.7% to $160.13 after the company reported better-than-expected Q3 EPS and sales results. The company also raised its FY23 subscription revenue guidance and announced a buyback of up to $500 million.
- BeiGene, Ltd. BGNE climbed 11.5% to $200.47.
- Lordstown Motors Corp. RIDE gained 9.7% to $1.5700. Lordstown Motors shares are trading higher after the company announced its Endurance pickup truck achieved full homologation, EPA and CARB certification has been received and first customer vehicles are leaving the Foxconn EV Ohio plant for delivery.
- Cerence Inc. CRNC gained 9.7% to $19.50 after Needham maintained a Buy rating on the stock and raised its price target from $30 to $40.
- Lufax Holding Ltd LU rose 8.7% to $11.75 after surging 14% on Tuesday. Share of Chinese companies traded higher amid reopening hopes after Guangzhou reportedly relaxed restrictions in some districts. China has also aimed to boost vaccination efforts to avoid further lockdowns.
- Kanzhun Limited BZ gained 7.7% to $17.74.