Investing.com UK - Financial Markets Worldwide
Get 40% Off
Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

Fastenal Posts Upbeat Earnings, Joins NovoCure, Taiwan Semiconductor Manufacturing And Other Big Stocks Moving Higher On Thursday

Published 18/01/2024, 15:10
© Reuters. Fastenal Posts Upbeat Earnings, Joins NovoCure, Taiwan Semiconductor Manufacturing And Other Big Stocks Moving Higher On Thursday

Benzinga - by Avi Kapoor, Benzinga Staff Writer.

U.S. stocks traded mixed, with the Dow Jones index falling around 50 points on Thursday.

Shares of Fastenal Company (NASDAQ: FAST) rose during Thursday’s session after the company reported better-than-expected quarterly financial results.

Fastenal posted quarterly earnings of 46 cents per share, beating market estimates of 45 cents per share. The company’s quarterly sales came in at $1.76 billion versus expectations of $1.75 billion.

Fastenal shares gained 7% to $67.81 on Thursday.

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

  • M.D.C. Holdings, Inc. (NYSE: MDC) shares gained 18.2% to $62.76 after the company announced it will be acquired by Sekisui House.
  • Lexeo Therapeutics, Inc. (NASDAQ: LXEO) shares jumped 13% to $19.58.
  • Dada Nexus Limited (NASDAQ: DADA) rose 11.8% to $1.6750. Dada Nexus recently announced that it discovered suspicious practices in an internal audit.
  • NovoCure Limited (NASDAQ: NVCR) gained 10.3% to $13.70 after the company announced FDA acceptance of the PMA application for TTFields therapy in non-small cell lung cancer.
  • Bitdeer Technologies Group (NASDAQ: BTDR) jumped 9.8% to $7.17.
  • Nayax Ltd. (NASDAQ: NYAX) gained 9.4% to $22.16.
  • Lanvin Group Holdings Limited (NYSE: LANV) gained 9.3% to $2.5901.
  • LiveRamp Holdings, Inc. (NYSE: RAMP) surged 9.2% to $40.30. LiveRamp Holdings said it sees preliminary third-quarter revenue of $174 million and announced plans to acquire Habu.
  • Peabody Energy Corporation (NYSE: BTU) rose 8.5% to $25.27 after it was announced the company will join the S&P SmallCap 600.
  • Taiwan Semiconductor Manufacturing Company Limited (NYSE: TSM) climbed 8.1% to $111.26 after the company reported better-than-expected fourth-quarter financial results.
  • Hertz Global Holdings, Inc. (NASDAQ: HTZ) rose 7.1% to $8.95 after Morgan Stanley upgraded the stock from Equal-Weight to Overweight but cut its price target form $16 to $15.
  • Marvell Technology, Inc. (NASDAQ: MRVL) jumped 4.6% to $68.35.
  • Alcoa Corporation (NYSE: AA) rose 3.8% to $28.20 following fourth-quarter results.
3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Now Read This: How To Earn $500 A Month From Microsoft Stock Ahead Of Q2 Earnings Report

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

Read the original article on Benzinga

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.