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La-Z-Boy Posts Upbeat Earnings, Joins Victoria's Secret, Snowflake And Other Big Stocks Moving Higher On Thursday

Published 30/11/2023, 15:12
Updated 30/11/2023, 16:40
© Reuters. La-Z-Boy Posts Upbeat Earnings, Joins Victoria's Secret, Snowflake And Other Big Stocks Moving Higher On Thursday

Benzinga - by Lisa Levin, Benzinga Editor.

U.S. stocks traded mostly higher, with the Dow Jones index gaining around 200 points on Thursday.

Shares of La-Z-Boy Incorporated (NYSE: LZB) moved higher on Thursday as the company reported upbeat earnings results for its second quarter and increased its quarterly cash dividend by 10%.

La-Z-Boy posted adjusted earnings of 74 cents per share, beating market estimates of 62 cents per share. The company’s quarterly sales came in at $511.44 million versus estimates of $502.33 million.

La-Z-Boy shares gained 7.5% to $34.08 on Thursday.

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

  • ImmunoGen, Inc. (NASDAQ: IMGN) shares surged 80% to $28.89 after AbbVie announced it will acquire the company in a transaction valued at $31.26 per share in cash.
  • REX American Resources Corporation (NYSE: REX) shares rose 30.7% to $48.22 following strong third-quarter results.
  • Zuora, Inc. (NASDAQ: ZUO) climbed 19.5% to $9.98 after the company reported better-than-expected third-quarter financial results and issued guidance.
  • SpringWorks Therapeutics, Inc. (NASDAQ: SWTX) rose 18.3% to $31.75.
  • The InterGroup Corporation (NASDAQ: INTG) climbed 13.7% to $25.50.
  • Victoria's Secret & Co. (NYSE: VSCO) surged 13.6% to $26.80 following third-quarter results.
  • VinFast Auto Ltd. (NASDAQ: VFS) rose 11.7% to $8.44 after gaining around 8% on Wednesday.
  • Farfetch Limited (NYSE: FTCH) gained 11.2% to $1.0842.
  • Bicycle Therapeutics plc (NASDAQ: BCYC) rose 11% to $15.01.
  • MorphoSys AG (NASDAQ: MOR) surged 10.7% to $6.59.
  • QuinStreet, Inc. (NASDAQ: QNST) gained 10.4% to $12.67. B. Riley Securities upgraded QuinStreet from Neutral to Buy and raised the price target from $11 to $19.
  • Salesforce, Inc. (NYSE: CRM) shares climbed 8.4% to $249.69 after the company reported third-quarter financial results and issued FY24 guidance above estimates.
  • EverQuote, Inc. (NASDAQ: EVER) gained 7.8% to $10.33. B. Riley upgraded EverQuote from Neutral to Buy and raised the price target from $8 to $14.
  • Petco Health and Wellness Company, Inc. (NASDAQ: WOOF) rose 7.7% to $2.9397.
  • Oatly Group AB (NASDAQ: OTLY) rose 7.5% to $1.0750.
  • Snowflake Inc. (NYSE: SNOW) surged 7.1% to $187.76 after the company reported better-than-expected third-quarter financial results and issued guidance.
  • Snap Inc. (NYSE: SNAP) rose 6.6% to $13.85 after Jefferies upgraded the stock from Hold to Buy and raised its price target from $12 to $16.
  • PVH Corp. (NYSE: PVH) gained 6.2% to $97.16 following upbeat earnings.
  • COMPASS Pathways plc (NASDAQ: CMPS) gained 6.2% to $6.30.
  • Nutanix, Inc. (NASDAQ: NTNX) gained 5% to $43.61 after the company reported better-than-expected first-quarter financial results and raised FY24 revenue guidance.
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Now Read This: Wall Street's Most Accurate Analysts Say Hold These 3 Tech Stocks Delivering High-Dividend Yields

© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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