Benzinga - by Avi Kapoor, Benzinga Staff Writer.
U.S. stocks were higher, with the Dow Jones gaining over 50 points on Wednesday.
Shares of Signet Jewelers Limited (NYSE: SIG) rose sharply during Wednesday’s session after the company raised its FY25 guidance.
The company and Leonard Green & Partners, L.P., an equity investment firm, today announced the amendment of the terms of the Series A Convertible Preference Shares to net share settlement and the repurchase of half of the Preferred Shares.
Signet increased its FY25 adjusted EPS outlook to $9.90 – $11.52 from $9.08 – $10.48 versus an estimate of $9.72.
Signet Jewelers shares surged 9.2% to $103.80 on Wednesday.
Here are some other big stocks recording gains in today’s session.
- Destiny Tech100 Inc. (NYSE: DXYZ) shares jumped 21.4% to $25.77.
- Ocugen, Inc. (NASDAQ: OCGN) shares gained 14.2% to $1.5750. HC Wainwright & Co. analyst Swayampakula Ramakanth reiterated Ocugen with a Buy and maintained a $7 price target.
- Pyxis Oncology, Inc. (NASDAQ: PYXS) rose 12.3% to $6.04.
- Atai Life Sciences N.V. (NASDAQ: ATAI) climbed 11.4% to $2.08. Maxim Group analyst Jason McCarthy upgraded ATAI Life Sciences from Hold to Buy and announced a $6 price target.
- SolarMax Technology, Inc. (NASDAQ: SMXT) rose 10.4% to $11.85.
- Dave & Buster's Entertainment, Inc. (NASDAQ: PLAY) shares gained 10.2% to $68.22 after the company reported fourth quarter results.
- Esperion Therapeutics, Inc. (NASDAQ: ESPR) gained 9.7% to $3.16.
- TransMedics Group, Inc. (NASDAQ: TMDX) rose 9.2% to $79.47.
- Porch Group, Inc. (NASDAQ: PRCH) gained 8.3% to $4.3450. Cantor Fitzgerald analyst Josh Siegler maintained Porch Group with an Overweight and raised the price target from $3 to $5.
- ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) gained 7.7% to $10.95.
- Semtech Corporation (NASDAQ: SMTC) climbed 7.4% to $30.28.
- Cal-Maine Foods, Inc. (NASDAQ: CALM) shares gained 6.8% to $62.88 after the company reported upbeat results for its fourth quarter.
- Glaukos Corporation (NYSE: GKOS) rose 6.8% to $95.59. Glaukos received permanent J-code for iDose® TR (travoprost intracameral implant).
- Blue Owl Capital Inc. (NYSE: OWL) gained 6.4% to $19.69 after the company announced a purchase agreement to acquire Kuvare Insurance Services LP for $750 million.
- B. Riley Financial, Inc. (NASDAQ: RILY) rose 6.3% to $23.88.
- U.S. Silica Holdings, Inc. (NYSE: SLCA) gained 6.2% to $13.47.
- Spotify Technology S.A. (NYSE: SPOT) rose 5.6% to $284.61 on reports the company will raise monthly prices.
- Arcadium Lithium plc (NASDAQ: ALTM) gained 4.8% to $4.34. Raymond James upgraded the stock from Outperform to Strong Buy and maintained its $9 price target.
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