Benzinga - by Lisa Levin, Benzinga Editor.
U.S. stocks traded higher, with the Dow Jones gaining around 50 points on Thursday. Here are some big stocks recording gains in today’s session.
- Canopy Growth Corporation (NASDAQ: CGC) jumped 31% to $0.59 after the HHS called for moving marijuana to a lower-risk drug category.
- Microvast Holdings, Inc. (NASDAQ: MVST) gained 18.3% to $2.14 after Janney Montgomery Scott initiated coverage on the stock with a Buy rating and $8 price target.
- Caleres, Inc. (NYSE: CAL) surged 15.5% to $28.58 after the company reported mixed second-quarter earnings and reiterated 2023 guidance.
- Ciena Corporation (NYSE: CIEN) shares rose 15% to $49.60 after the company reported upbeat third-quarter results.
- Tilray Brands, Inc. (NASDAQ: TLRY) climbed 14% to $3.03 after the HHS called for moving marijuana to a lower-risk drug category.
- KE Holdings Inc. (NYSE: BEKE) rose 13.3% to $17.74 after the company reported quarterly earnings, upsized an existing share repurchase program and declared a special dividend.
- Okta, Inc. (NASDAQ: OKTA) shares gained 13% to $83.15 after the company reported better-than-expected second-quarter financial results and raised FY24 guidance above estimates.
- 1-800-FLOWERS.COM, Inc. (NASDAQ: FLWS) jumped 12.8% to $7.88 after the company reported mixed fourth-quarter results.
- SNDL Inc. (NASDAQ: SNDL) gained 12.5% to $1.8681 after the HHS called for moving marijuana to a lower-risk drug category.
- Infinera Corporation (NASDAQ: INFN) rose 12.2% to $4.7250.
- Titan Machinery Inc. (NASDAQ: TITN) climbed 11.6% to $32.46 after the company reported better-than-expected second-quarter results.
- Academy Sports and Outdoors, Inc. (NASDAQ: ASO) rose 11.4% to $55.64 as the company reported a second-quarter FY23 sales decline of 6.2% year-on-year to $1.58 billion, in line with the analyst consensus estimate.
- Genesco Inc. (NYSE: GCO) rose 11% to $32.39 after the company reported better-than-expected second-quarter results.
- Victoria's Secret & Co. (NASDAQ: VSCO) gained 10.2% to $19.75 following quarterly results.
- Cronos Group Inc. (NASDAQ: CRON) jumped 10.2% to $2.0603. Shares of cannabis stocks traded higher after the HHS called for moving marijuana to a lower-risk drug category.
- CrowdStrike Holdings, Inc. (NASDAQ: CRWD) gained 9.2% to $162.88 after the company reported better-than-expected second-quarter results and issued guidance above estimates.
- Shopify Inc. (NYSE: SHOP) gained 8.8% to $65.35 after it collaborated with Amazon.Com Inc to streamline the shopping process for Prime members.
- Angi Inc. (NASDAQ: ANGI) jumped 8.2% to $2.51.
- Veeva Systems Inc. (NYSE: VEEV) climbed 8.1% to $208.18 after the company reported a second-quarter earnings beat and issued guidance above estimates. Several analysts raised their price targets on the stock following the report.
- Signet Jewelers Limited (NYSE: SIG) gained 8% to $77.16 following better-than-expected quarterly results.
- Ollie's Bargain Outlet Holdings, Inc. (NASDAQ: OLLI) gained 7.6% to $80.59 following strong quarterly results.
- Hibbett, Inc. (NASDAQ: HIBB) gained 6.7% to $45.90.
- Western Digital Corporation (NASDAQ: WDC) jumped 6% to $45.08.
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