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Boeing Posts Upbeat Results, Joins Stryker, Automatic Data Processing And Other Big Stocks Moving Higher On Wednesday

Published 31/01/2024, 16:02
© Reuters. Boeing Posts Upbeat Results, Joins Stryker, Automatic Data Processing And Other Big Stocks Moving Higher On Wednesday
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Benzinga - by Avi Kapoor, Benzinga Staff Writer.

U.S. stocks traded mostly lower, with the Nasdaq Composite falling over 200 points on Wednesday.

Shares of The Boeing Company (NYSE: BA) rose during Wednesday’s session following upbeat results.

The company reported a fourth-quarter revenue increase of 10% year-over-year to $22.02 billion, beating the consensus of $21.10 billion. Adjusted loss per share contracted to 47 cents from $1.75 in same quarter 2022, beating the consensus of 78 cents.

Boeing shares surged 4.7% to $209.79 on Wednesday.

Here are some other big stocks recording gains in today’s session.

  • Powell Industries, Inc. (NASDAQ: POWL) shares climbed 49% to $121.89 after the company reported better-than-expected first-quarter financial results and raised its quarterly dividend.
  • Plug Power Inc. (NASDAQ: PLUG) gained 17.8% to $4.3950 after Roth MKM upgraded the stock from Neutral to Buy and raised its price target from $4.5 to $9.
  • DocGo Inc. (NASDAQ: DCGO) shares rose 15.8% to $3.9497 after the company announced a share buyback program of up to $36 million.
  • Ashland Inc. (NYSE: ASH) gained 14.5% to $92.50 after the company reported mixed first-quarter financial results and issued guidance.
  • Jin Medical International Ltd. (NASDAQ: ZJYL) climbed 12.5% to $236.64.
  • LendingClub Corporation (NYSE: LC) climbed 12.3% to $9.81 after the company reported better-than-expected quarterly financial results.
  • Nomura Holdings, Inc. (NYSE: NMR) gained 12.2% to $5.84 following third-quarter results.
  • Paramount Global (NASDAQ: PARA) climbed 10.4% to $15.10 following reports suggesting Byron Allen made a $14 billion offer to acquire Paramount Global.
  • Silence Therapeutics plc (NASDAQ: SLN) gained 10.3% to $21.51 after BMO Capital initiated coverage on the stock with an Outperform rating and $67 price target.
  • NaaS Technology Inc. (NASDAQ: NAAS) jumped 9.7% to $1.5689.
  • Humacyte, Inc. (NASDAQ: HUMA) gained 9% to $3.4758.
  • Sunnova Energy International Inc. (NYSE: NOVA) jumped 8.8% to $11.89.
  • Ermenegildo Zegna N.V. (NYSE: ZGN) gained 8.5% to $12.48 after the company reported quarterly financial results.
  • RenaissanceRe Holdings Ltd. (NYSE: RNR) climbed 8% to $232.15 following upbeat earnings.
  • Manhattan Associates, Inc. (NASDAQ: MANH) gained 7.1% to $239.67 as the company reported better-than-expected fourth-quarter results on Tuesday.
  • Stryker Corporation (NYSE: SYK) rose 5.8% to $335.28 after the company reported better-than-expected fourth-quarter financial results.
  • Celestica Inc. (NYSE: CLS) gained 5.7% to $35.00. RBC Capital analyst Maxim Matushansky maintained Celestica with an Outperform and raised the price target from $33 to $38.
  • Automatic Data Processing, Inc. (NASDAQ: ADP) gained 4.5% to $249.30 following upbeat earnings.
  • Teva Pharmaceutical Industries Limited (NYSE: TEVA) gained 4% to $12.19 after the company reported quarterly results and issued guidance.

Now Read This: Top 5 Energy Stocks That May Crash This Quarter

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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