U.S. stocks traded higher, with the Dow Jones gaining over 300 points on Friday. Here are some big stocks recording gains in today’s session.
- MediaAlpha, Inc. (NYSE:MAX) jumped 27.4% to $9.68 after White Mountains Insurance Group, Ltd. and WM Hinson commenced a tender offer for up to 5 million shares of MediaAlpha stock.
- Marvell Technology, Inc. (NASDAQ:MRVL) gained 27.1% to $62.85 after the company reported strong Q1 results and said it expects AI revenue to at least double in 2024.
- Arcus Biosciences, Inc. (NYSE:RCUS) shares rose 25.8% to $22.01. Citigroup maintained Arcus Biosciences with a Buy.
- iTeos Therapeutics, Inc. (NASDAQ:ITOS) gained 17.9% to $16.38.
- PDD Holdings Inc. (NASDAQ:PDD) jumped 16.3% to $69.83 after the company reported better-than-expected Q1 financial results.
- PDS Biotechnology Corporation (NASDAQ:PDSB) climbed 13.5% to $7.64. PDS Biotechnology announced promising interim data from the VERSATILE-002 Phase 2 clinical trial.
- Structure Therapeutics Inc. (NASDAQ:GPCR) rose 13.1% to $32.90. Structure Therapeutics initiated Phase 2a study of oral GLP-1 agonist GSBR-1290 for the treatment of Type 2 diabetes and obesity.
- Credo Technology Group Holding Ltd (NASDAQ:CRDO) gained 12.4% to $13.45.
- Geron Corporation (NASDAQ:GERN) climbed 11.6% to $3.4950. Geron highlighted oral presentation at ASCO 2023 meeting; to show 'meaningful continuous transfusion independence observed in imetelstat-treated lower risk MDS patients in IMerge Phase 3.'
- The Gap, Inc. (NYSE:GPS) shares gained 11% to $8.23 after the retailer turned in a profitable quarter on an adjusted basis, despite analysts forecasting a significant loss.
- Coherent Corp. (NYSE:COHR) climbed 11% to $35.98 after the company and Mitsubishi Electric announced they have signed a memorandum of understanding to collaborate on a program to scale manufacturing of SiC power electronics on a 200 mm technology platform.
- MicroVision, Inc. (NASDAQ:MVIS) gained 10.7% to $4.12.
- Workday, Inc. (NASDAQ:WDAY) jumped 9.7% to $215.61 after the company reported better-than-expected first-quarter results.
- Celestica Inc. (NYSE:CLS) gained 9.2% to $12.70. RBC Capital reiterated Celestica with a Sector Perform and maintained a $14 price target.
- Lumentum Holdings Inc. (NASDAQ:LITE) rose 8.6% to $52.16.
- Fabrinet (NYSE:FN) gained 8.4% to $114.08.
- Gol Linhas Aéreas Inteligentes S.A. (NYSE:GOL) rose 8.3% to $3.3250.
- American Woodmark Corporation (NASDAQ:AMWD) climbed 7.8% to $63.30. Baird maintained American Woodmark with a Neutral and raised the price target from $60 to $65.
- Ford Motor Company (NYSE:F) gained 7.1% to $12.19. Ford Motor Company's Executive Jim Farley said the company's largest competitors for manufacturing electric vehicles are the Chinese firms like Warren Buffett-backed BYD Co., Ltd, Geely, and more.
- Modine Manufacturing Company (NYSE:MOD) gained 7% to $26.14. Modine Manufacturing reported better-than-expected quarterly financial results.
- Booz Allen Hamilton Holding Corporation (NYSE:BAH) rose 6.2% to $95.40 after the company reported better-than-expected quarterly EPS and sales results and issued guidance.
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