Benzinga - by Avi Kapoor, Benzinga Staff Writer.
U.S. stocks were lower, with the Dow Jones index dipping more than 500 points on Tuesday.
Shares of Ecolab Inc. (NYSE: ECL) rose during Tuesday’s session after the company reported better-than-expected fourth-quarter financial results and issued first-quarter adjusted EPS guidance above estimates.
Ecolab posted adjusted earnings of $1.55 per share, beating market estimates of $1.54 per share. The company’s quarterly sales came in at $3.94 billion versus estimates of $3.93 billion, according to data from Benzinga Pro.
Ecolab shares gained 6.4% to $216.00 on Tuesday.
Here are some other big stocks recording gains in today’s session.
- Whole Earth Brands, Inc. (NASDAQ: FREE) gained 35.3% to $4.75. Whole Earth Brands signed a definitive agreement to be acquired by affiliates of Sababa Holdings FREE, LLC for $4.875 per share in an all-cash transaction.
- Larimar Therapeutics, Inc. (NASDAQ: LRMR) jumped 25.4% to $9.82. JMP Securities analyst Jonathan Wolleben maintained Larimar Therapeutics with a Market Outperform and raised the price target from $17 to $25.
- Jin Medical International Ltd. (NASDAQ: ZJYL) rose 22.4% to $10.17.
- Tripadvisor, Inc. (NASDAQ: TRIP) shares gained 18.5% to $26.50 after the company announced it formed a Special Committee of independent members of its board of directors to evaluate proposals.
- LianBio (NASDAQ: LIAN) climbed 17.8% to $4.76. LianBio completed strategic review and determined to initiate the wind down of its operations, including sale of remaining pipeline assets, delisting of ADSs and workforce reductions.
- JetBlue Airways Corporation (NASDAQ: JBLU) shares gained 13.5% to $6.89 after Carl Icahn disclosed a 9.91% stake in the company in a 13D filing on Monday.
- Procaps Group S.A. (NASDAQ: PROC) gained 11.6% to $3.28.
- ZoomInfo Technologies Inc. (NASDAQ: ZI) climbed 10.3% to $17.68 as the company reported stronger-than-expected fourth-quarter financial results.
- Bruker Corporation (NASDAQ: BRKR) gained 9.9% to $77.60 following upbeat results.
- WK Kellogg Co (NYSE: KLG) surged 9.2% to $13.77 following strong sales.
- Medpace Holdings, Inc. (NASDAQ: MEDP) gained 8.9% to $353.18 following upbeat earnings.
- Aspen Aerogels, Inc. (NYSE: ASPN) rose 8.8% to $13.49 following strong results.
- Korro Bio, Inc. (NASDAQ: KRRO) gained 7.3% to $58.99.
- Ramaco Resources, Inc. (NASDAQ: METC) rose 6.5% to $18.01 after the company issued guidance update on the fourth quarter and FY23 results.
- Manchester United plc (NYSE: MANU) rose 6.4% to $20.86.
- Value Line, Inc. (NASDAQ: VALU) gained 6% to $44.54.
- Waste Management, Inc. (NYSE: WM) rose 4.7% to $197.12 following upbeat results.
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