Benzinga - by Avi Kapoor, Benzinga Staff Writer.
U.S. stocks were lower, with the Dow Jones index falling around 100 points on Friday.
Shares of Blend Labs, Inc. (NASDAQ: BLND) rose sharply during Friday’s session after the company reported fourth-quarter financial results.
Blend Labs posted quarterly loss of 9 cents per share, in-line with market estimates of 9 cents per share. The company’s quarterly sales came in at $36.10 million versus estimates of $36.93 million, according to data from Benzinga Pro.
Blend Labs shares jumped 24.3% to $2.92 on Friday.
Here are some other big stocks recording gains in today’s session.
- Cardlytics, Inc. (NASDAQ: CDLX) jumped 57.1% to $12.86 after the company reported better-than-expected fourth-quarter earnings.
- American Vanguard Corporation (NYSE: AVD) rose 25.8% to $13.32 following fourth-quarter financial results.
- Tredegar Corporation (NYSE: TG) climbed 18% to $4.73 following fourth-quarter financial results.
- Madrigal Pharmaceuticals, Inc. (NASDAQ: MDGL) gained 16.3% to $283.29 after the company announced FDA approval of Rezdiffra for the treatment of patients with noncirrhotic NASH with moderate to advanced liver fibrosis.
- Direct Digital Holdings, Inc. (NASDAQ: DRCT) climbed 15.1% to $31.81. Roth MKM recently maintained a Buy rating on the stock and raised its price target from $12.50 to $27.50.
- EHang Holdings Limited (NASDAQ: EH) rose 14.3% to $15.56 after the company reported financial fourth-quarter results above estimates and issued first-quarter revenue guidance.
- CommScope Holding Company, Inc. (NASDAQ: COMM) surged 13% to $1.6502.
- CARGO Therapeutics, Inc. (NASDAQ: CRGX) gained 13% to $31.74.
- CS Disco, Inc. (NYSE: LAW) rose 11.9% to $7.71. CS Disco’s board approved a $20 million share repurchase authorization.
- Alta Equipment Group Inc. (NYSE: ALTG) gained 10.7% to $11.64 following better-than-expected fourth-quarter 2023 results.
- Despegar.com, Corp. (NYSE: DESP) climbed 9.6% to $10.85 after the company reported mixed fourth-quarter 2023 results, with sales beating estimates.
- Bitdeer Technologies Group (NASDAQ: BTDR) gained 8.8% to $7.03.
- Tenaya Therapeutics, Inc. (NASDAQ: TNYA) rose 8.6% to $5.18.
- Archer Aviation Inc. (NYSE: ACHR) gained 7.4% to $5.25.
- Bioventus Inc. (NASDAQ: BVS) gained 6.9% to $5.55.
- Solid Biosciences Inc. (NASDAQ: SLDB) gained 6.9% to $13.13. Piper Sandler recently upgraded the stock from Neutral to Overweight and raised its price target from $8 to $20.
- Lithium Americas Corp. (NYSE: LAC) gained 6% to $6.35 following 2023 full year and fourth quarter results.
- The Buckle, Inc. (NYSE: BKE) rose 5.4% to $39.71 following fourth-quarter 2023 results.
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