Benzinga - by Lisa Levin, Benzinga Editor.
U.S. stocks traded lower, with the Nasdaq Composite falling more than 1% on Wednesday. Here are some big stocks recording gains in today’s session.
- Scholar Rock Holding Corporation (NASDAQ: SRRK) shares jumped 16.5% to $8.92. Jefferies upgraded Scholar Rock from Hold to Buy and announced a $20 price target.
- Stride, Inc. (NYSE: LRN) climbed 16.4% to $51.81 after the company reported first-quarter results.
- GH Research PLC (NASDAQ: GHRS) gained 9.8% to $7.59.
- PROG Holdings, Inc. (NYSE: PRG) rose 9.3% to $31.14 following upbeat quarterly results.
- Anavex Life Sciences Corp. (NASDAQ: AVXL) gained 9% to $5.59. Anavex Life Sciences reported a new publication in a scientific journal demonstrating the potential of ANAVEX 3-71 to prevent cognitive decline in Alzheimer's disease.
- John Bean Technologies Corporation (NYSE: JBT) surged 9.9% to $105.80 after posting strong quarterly earnings.
- Pagaya Technologies Ltd. (NASDAQ: PGY) gained 8% to $1.29 as the company said it has onboarded two new partners to its premier tech-enabled, two-sided lending network: a top five bank in the U.S. and a top four auto captive lender.
- Deutsche Bank Aktiengesellschaft (NYSE: DB) rose 6.6% to $10.72 after the company reported a year-over-year increase in third-quarter EPS and sales results.
- The Gap, Inc. (NYSE: GPS) climbed 6.2% to $13.18. Wells Fargo upgraded Gap from Equal-Weight to Overweight and raised the price target from $11 to $16.
- Lifezone Metals Limited (NYSE: LZM) rose 6.2% to $9.77.
- Schnitzer Steel Industries, Inc. (NASDAQ: RDUS) surged 5.5% to $25.61 following better-than-expected quarterly earnings.
- F5, Inc. (NASDAQ: FFIV) rose 5% to $155.70 following upbeat quarterly results.
- Westinghouse Air Brake Technologies Corporation (NYSE: WAB) gained 4.8% to $104.74 after the company reported third-quarter financial results and issued 2023 guidance above estimates.
- Waste Management, Inc. (NYSE: WM) rose 6.5% to $164.75 following upbeat quarterly earnings.
- General Dynamics Corporation (NYSE: GD) gained 4.3% to $242.98 after the company reported better-than-expected quarterly financial results.
- Microsoft Corporation (NASDAQ: MSFT) shares gained 3.7% to $342.72 as the company posted stronger-than-expected results for its fiscal first quarter on Tuesday. Piper Sandler maintained Microsoft with an Overweight and raised the price target from $400 to $425.
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