Benzinga - by Avi Kapoor, Benzinga Staff Writer.
U.S. stocks traded higher, with the Dow Jones gaining around 50 points on Thursday.
Shares of Alaska Air Group, Inc. (NYSE: ALK) rose during Thursday’s session following upbeat earnings.
Alaska Air Group reported fourth-quarter operating revenue of $2.55 billion, up 3% Y/Y, in-line with the consensus of $2.55 billion. The company reported adjusted EPS of $0.30, down from $0.92 a year ago, beating the consensus estimate of $0.18.
Alaska Air Group shares rose 5.5% to $37.78 on Thursday.
Here are some other big stocks recording gains in today’s session.
- Vera Therapeutics, Inc. (NASDAQ: VERA) shares jumped 40.2% to $23.86 after the company announced 72-week data from the OLE period of its Phase 2b ORIGIN clinical trial. Also, Oppenheimer initiated coverage on the stock with an Outperform rating and announced a $26 price target.
- AlTi Global, Inc. (NASDAQ: ALTI) surged 18.8% to $6.71 after Raymond James upgraded the stock from Market Perform to Strong Buy and announced a $9 price target.
- Hut 8 Corp. (NASDAQ: HUT) rose 14.5% to $7.27.
- Biomea Fusion, Inc. (NASDAQ: BMEA) gained 14.1% to $17.12.
- Alpine Immune Sciences, Inc. (NASDAQ: ALPN) jumped 13.4% to $21.04.
- United Rentals, Inc. (NYSE: URI) gained 13.3% to $653.64 after the company reported better-than-expected fourth-quarter financial results and issued FY24 revenue guidance.
- Richtech Robotics Inc. (NASDAQ: RR) rose 12% to $8.40. Richtech Robotics signed a Letter of Intent with Ghost Kitchens International.
- Xerox Holdings Corporation (NYSE: XRX) gained 11.5% to $18.33 following quarterly results.
- Nokia Oyj (NYSE: NOK) gained 11.5% to $3.8050 after the company reported fourth-quarter financial results.
- American Airlines Group Inc. (NASDAQ: AAL) jumped 10.4% to $15.39 after the company reported better-than-expected fourth-quarter results.
- International Business Machines Corporation (NYSE: IBM) gained 10.3% to $191.84 after the company reported better-than-expected fourth-quarter financial results.
- ADT Inc. (NYSE: ADT) gained 9.9% to $6.80 after the company announced it will exit its residential solar business. The company also said it would increase its dividend and authorize a $350 million share repurchase program.
- TAL Education Group (NYSE: TAL) gained 8.8% to $12.30 following a third-quarter revenue beat. Additionally, JP Morgan upgraded the stock to Overweight.
- NextEra Energy Partners, LP (NYSE: NEP) rose 7.2% to $28.76 after the company reported quarterly financial results.
- W. R. Berkley Corporation (NYSE: WRB) gained 7.1% to $83.23 after the company reported better-than-expected quarterly financial results.
- Terex Corporation (NYSE: TEX) gained 6.4% to $61.35.
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