Benzinga - by Lisa Levin, Benzinga Editor.
U.S. stocks traded higher, with the Dow Jones gaining more than 100 points on Wednesday.
Shares of Target Corporation (NYSE: TGT) jumped during Wednesday’s session after the company reported better-than-expected third-quarter financial results.
Target reported a third-quarter FY23 sales decline of 4.22% year-on-year to $25.398 billion, beating the analyst consensus estimate of $25.31 billion. Adjusted EPS of $2.10 beat the analyst consensus estimate of $1.48.
The company will offer more than 10,000 items for the holidays, including exclusives and many priced under $25.
Shares of Target rose 18.2% to $130.89 on Wednesday.
Here are some other big stocks recording gains in today’s session.
AST SpaceMobile, Inc. (NASDAQ: ASTS) shares surged 28% to $4.82 following third-quarter results.
Arcturus Therapeutics Holdings Inc. (NASDAQ: ARCT) shares jumped 25.2% to $24.34 after the company reported a narrower third-quarter loss.
CorMedix Inc. (NASDAQ: CRMD) surged 23% to $3.85 as the company posted a narrower-than-expected third-quarter loss.
Gyre Therapeutics, Inc. (NASDAQ: GYRE) rose 20.5% to $11.45.
Dada Nexus Limited (NASDAQ: DADA) gained 20% to $4.49 following third-quarter results.
Icosavax, Inc. (NASDAQ: ICVX) climbed 19.1% to $9.63 following strong quarterly earnings.
iHeartMedia, Inc. (NASDAQ: IHRT) surged 17.6% to $2.47. iHeartMedia and Global signed a multi-year podcast partnership deal in the UK, Ireland and the U.S.
V.F. Corporation (NYSE: VFC) gained 14.3% to $17.80. JPMorgan upgraded VF from Underweight to Neutral and raised the price target from $15 to $19.
Wolfspeed, Inc. (NYSE: WOLF) jumped 14.2% to $37.26.
Sigma Lithium Corporation (NASDAQ: SGML) rose 13% to $27.94 following third-quarter results.
Chegg, Inc. (NYSE: CHGG) climbed 13.5% to $10.09. The company announced a $150 million buyback.
Catalent, Inc. (NYSE: CTLT) gained 12% to $39.80 following quarterly results.
Vipshop Holdings Limited (NYSE: VIPS) gained 10.8% to $16.40.
Tencent Music Entertainment Group (NYSE: TME) jumped 10.7% to $8.48. Benchmark reiterated Tencent Music Entertainment with a Buy and maintained a $9 price target.
Kohl's Corporation (NYSE: KSS) surged 9.4% to $24.82.
Macy's, Inc. (NYSE: M) surged 8.2% to $12.69.
Sirius XM Holdings Inc. (NASDAQ: SIRI) gained 8% to $5.28 after Berkshire Hathaway disclosed it added a stake of 9.68 million shares of the stock in the third quarter.
Expedia Group, Inc. (NASDAQ: EXPE) surged 7.3% to $131.55.
Crocs, Inc. (NYSE: CROX) gained 6.8% to $90.98.
Tripadvisor, Inc. (NASDAQ: TRIP) rose 6.6% to $18.99. Bernstein upgraded TripAdvisor from Market Perform to Outperform.
American Eagle Outfitters, Inc. (NYSE: AEO) gained 5.7% to $19.71. BofA Securities upgraded American Eagle from Underperform to Neutral and raised the price target from $12.5 to $19.
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