U.S. stocks traded higher, with the Dow Jones gaining more than 500 points on Friday. Here are some big stocks recording gains in today’s session.
- Nuvalent, Inc. (NASDAQ: NUVL) shares jumped 62% to $35.60 after the company reported preliminary Phase 1 clinical data from the ARROS-1 trial that support the best-in-class potential of NVL-520 for patients with ROS1-positive NSCLC.
- TAL Education Group (NYSE: TAL) climbed 16.3% to $4.6180 after the company reported better-than-expected Q2 results.
- 8x8, Inc. (NYSE: EGHT) surged 15% to $3.9189 after the company announced better-than-expected Q2 EPS and sales results.
- Grand Canyon Education, Inc. (NASDAQ: LOPE) rose 14.5% to $99.97 following strong Q3 results.
- TESSCO Technologies Incorporated (NASDAQ: TESS) surged 14.5% to $4.98 after the company reported better-than-expected Q2 results.
- DexCom, Inc. (NASDAQ: DXCM) gained 14.4% to $115.86 after the company reported better-than-expected Q3 results.
- Scholar Rock Holding Corporation (NASDAQ: SRRK) rose 13.7% to $8.80. Scholar Rock Holding 10% owner Invus Public Equities Advisors LLC bought a total of 130,265 shares at an average price of $8.04.
- PennyMac Financial Services, Inc. (NYSE: PFSI) gained 13.5% to $53.66 after the company reported better-than-expected Q3 sales results.
- Flagstar Bancorp, Inc. (NYSE: FBC) surged 13.3% to $38.33 after the company announced it has received approval from the Office of the Comptroller of the Currency for the merger with New York Community Bank. The co. also announced a special dividend of $2.50 per share.
- AppFolio, Inc. (NASDAQ: APPF) gained 12.6% to $119.71 after the company reported better-than-expected Q3 sales results and issued FY22 revenue guidance above analyst estimates.
- H&E Equipment Services, Inc. (NASDAQ: HEES) surged 11.1% to $36.56. The company posted upbeat quarterly results.
- Knowles Corporation (NYSE: KN) climbed 10.5% to $14.15 after the company reported better-than-expected Q3 EPS and sales results.
- Pinterest (NYSE:PINS), Inc. (NYSE: PINS) rose 10.4% to $24.16 after the company reported better-than-expected Q3 results.
- Gilead Sciences (NASDAQ:GILD), Inc. (NASDAQ: GILD) rose 9.7% to $76.99 after the company reported better-than-expected Q3 results.
- Intel Corporation (NASDAQ: NASDAQ:INTC) rose 8.5% to $28.50 after the company posted better-than-expected earnings for its third quarter. The company also issued weak guidance for FY22. Intel is focused on cost reductions going forward with a plan for $3 billion in savings in 2023 and cost savings of $8 billion to $10 billion annually by 2025.
- Apple Inc. (NASDAQ: NASDAQ:AAPL) gained 7.3% to $155.42 after the company reported better-than-expected Q4 results and reported year-over-year revenue growth across multiple segments.