Benzinga - by Avi Kapoor, Benzinga Staff Writer.
U.S. stocks were lower, with the Dow Jones index falling around 100 points on Wednesday.
Shares of Advance Auto Parts, Inc. (NYSE: AAP) rose during Wednesday’s session following fourth quarter financial results.
Advance Auto Parts reported fourth-quarter revenues of $2.465 billion, almost in line with the Wall Street view of $2.464 billion. Comparable store sales for the fourth quarter of 2023 decreased by 1.4%. The company reported a quarterly loss of 59 cents per share.
Advance Auto Parts shares gained 5.3% to $68.18 on Wednesday.
Here are some other big stocks recording gains in today’s session.
- Beyond Meat, Inc. (NASDAQ: BYND) rose 44% to $10.83 as the company reported stronger-than-expected sales for its fourth quarter.
- Applied Therapeutics, Inc. (NASDAQ: APLT) surged 36% to $7.59 after the company announced FDA acceptance and priority review of the NDA for govorestat for the treatment of Classic Galactosemia. The company also announced a $100 million private placement.
- ACM Research, Inc. (NASDAQ: ACMR) gained 34.2% to $29.25 after the company reported better-than-expected fourth-quarter FY23 results.
- Ventyx Biosciences, Inc. (NASDAQ: VTYX) shares jumped 32.1% to $7.99 following fourth-quarter results.
- LifeStance Health Group, Inc. (NASDAQ: LFST) gained 31.5% to $8.81 following strong quarterly sales.
- Polestar Automotive Holding UK PLC (NASDAQ: PSNY) rose 29.9% to $1.9350. Polestar secured $1 billion external funding.
- Editas Medicine, Inc. (NASDAQ: EDIT) gained 27.7% to $11.31 after the company reported better-than-expected fourth-quarter financial results.
- TG Therapeutics, Inc. (NASDAQ: TGTX) jumped 27.2% to $17.69 after the company reported better-than-expected fourth-quarter financial results.
- Qurate Retail, Inc. (NASDAQ: QRTEA) rose 22% to $1.71 after the company reported fourth-quarter financial results.
- B&G Foods, Inc. (NYSE: BGS) gained 21.4% to $11.41 after the company reported better-than-expected fourth-quarter financial results and issued FY24 revenue guidance.
- Flywire Corporation (NASDAQ: FLYW) climbed 17.6% to $28.84 after the company reported better-than-expected fourth quarter financial results.
- The Vita Coco Company, Inc. (NASDAQ: COCO) surged 17.3% to $26.32 after the company reported better-than-expected fourth-quarter financial results and issued FY24 net sales guidance.
- J-Long Group Limited (NASDAQ: JL) gained 17.2% to $18.90.
- Revolve Group, Inc. (NYSE: RVLV) rose 16% to $20.28 as the company reported upbeat results for its fourth quarter on Tuesday.
- Life Time Group Holdings, Inc. (NYSE: LTH) gained 15.3% to $14.32 after the company reported better-than-expected fourth quarter financial results and issued first-quarter revenue guidance above estimates.
- Vipshop Holdings Limited (NYSE: VIPS) gained 12.4% to $19.49 after the company reported better-than-expected fourth quarter financial results.
- MicroStrategy Incorporated (NASDAQ: MSTR) climbed 10.9% to $967.01.
- Chart Industries, Inc. (NASDAQ: GTLS) rose 10.5% to $145.33 after the company reported mixed fourth quarter financial results and issued FY24 adjusted EPS guidance above estimates.
- Assured Guaranty Ltd. (NYSE: AGO) gained 9.8% to $94.11 following fourth quarter financial results.
- eBay Inc. (NASDAQ: EBAY) rose 8.4% to $48.15 after the company reported better-than-expected fourth quarter financial results.
- ADT Inc. (NYSE: ADT) climbed 7.2% to $7.00 following upbeat earnings.
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