Meta Platforms, Hilton Grand Vacations, D.R. Horton, And Some Other Big Stocks Moving Higher On Wednesday

U.S. stocks traded lower, with the Nasdaq dropping more than 100 points on Wednesday. Here are some big stocks recording gains in today’s session.

• Merrimack Pharmaceuticals, Inc. (NASDAQ: MACK) shares climbed 219% to $12.80 after partner Ipsen reported Onivyde met its primary and key secondary endpoint. Merrimack is eligible for up to $450 million in milestone payments for the pancreatic cancer treatment.
• Outset Medical, Inc. (NASDAQ: OM) surged 36.1% to $15.61 after the company reported better-than-expected Q3 results.
• OptimizeRx Corporation (NASDAQ: OPRX) climbed 28% to $18.58 following better-than-expected Q3 results.
• Health Catalyst, Inc. (NASDAQ: HCAT) rose 23% to $7.95 after the company reported better-than-expected Q3 EPS and sales results. The company also issued FY22 sales guidance above analyst estimates.
• Vivint Smart Home, Inc. (NYSE: VVNT) gained 21.4% to $8.50 after the company posted upbeat quarterly sales and raised FY22 revenue guidance.
• LiveRamp Holdings, Inc. (NYSE: RAMP) rose 21% to $18.91 after the company reported better-than-expected Q2 results and issued strong guidance.
• Axon Enterprise, Inc. (NASDAQ: AXON) jumped 18.2% to $177.25 after the company reported better-than-expected Q3 results.
• A-Mark Precious Metals, Inc. (NASDAQ: AMRK) jumped 17% to $32.76 after the company reported better-than-expected Q1 results.
• Life Time Group Holdings, Inc. (NYSE: LTH) gained 15.6% to $11.32 following strong Q3 earnings.
• Array Technologies, Inc. (NASDAQ: ARRY) rose 15.2% to $19.56 after the company reported better-than-expected Q3 results and issued strong guidance.
• Target (NYSE:TGT) Hospitality Corp. (NASDAQ: TH) jumped 14.4% to $12.55 after the company reported Q3 EPS results were higher year over year and better-than-expected Q3 sales results. The company authorized up to $100 million in a stock repurchase program.
• HCI Group, Inc. (NYSE: HCI) jumped 13.8% to $39.38 after reporting a narrower-than-expected quarterly loss.
• Seer, Inc. (NASDAQ: SEER) gained 13.2% to $7.31 after reporting upbeat quarterly results.
• Sprouts Farmers Market, Inc. (NASDAQ: SFM) jumped 12.2% to $32.17 after the company reported better-than-expected Q3 results and issued guidance above estimates.
• MRC Global Inc. (NYSE: MRC) gained 11.6% to $10.89 following strong quarterly results.
• Forestar Group Inc. (NYSE: FOR) jumped 11.3% to $12.91 following upbeat Q4 results.
• Coherent Corp. (NASDAQ: COHR) gained 10.8% to $33.18 after the company reported better-than-expected Q1 results.
• Shoals Technologies Group, Inc. (NASDAQ: SHLS) gained 9.8% to $21.63.
• Ziff Davis, Inc. (NASDAQ: ZD) gained 9.6% to $80.97 following strong quarterly earnings.
• Hilton Grand Vacations Inc. (NYSE: HGV) gained 9.6% to $41.15 after the company reported better-than-expected Q3 results and raised FY22 EBITDA guidance.
• XP Inc. (NASDAQ: XP) gained 9.1% to $20.01 after the company reported Q3 financial results.
• Gold Fields Limited (NYSE: GFI) jumped 8.8% to $10.72. Gold Fields announced termination of arrangement agreement with Yamana.
• Squarespace, Inc. (NYSE: SQSP) rose 7.9% to $21.09. Piper Sandler maintained Squarespace with a Neutral and raised the price target from $21 to $22.
• Meta Platforms, Inc. (NASDAQ: META) gained 7.3% to $103.47 after the company announced a planned layoff of 11,000 employees and affirmed Q4 revenue guidance.
• Halozyme Therapeutics, Inc. (NASDAQ: HALO) rose 7% to $49.03 after the company reported better-than-expected Q3 results.
• D.R. Horton, Inc. (NYSE: DHI) rose 6.4% to $77.93 after the company reported Q4 earnings results.
• IAC Inc. (NASDAQ: IAC) gained 5% to $47.05 following Q3 results.

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