Apr 17, 2024
United Airlines Reports Upbeat Results, Joins Children’s Place, Interactive Brokers And Other Big Stocks Moving Higher On Wednesday
U.S. stocks were lower, with the Dow Jones index falling over 50 points on Wednesday.
Shares of United Airlines Holdings, Inc. (NASDAQ:UAL) rose sharply during Wednesday’s session after the company reported better-than-expected first-quarter financial results.
Revenue of $12.539 billion topped estimates of $12.4 billion. The company posted a loss of 15 cents per share, versus expectations for a loss of 57 cents per share, according to data from Benzinga Pro.
United Airlines shares jumped 11.2% to $46.12 on Wednesday.
Here are some other big stocks recording losses in today’s session.
- Edible Garden AG Incorporated (NASDAQ:EDBL) surged 112% to $9.73 after the company reported preliminary first quarter FY24 results.
- The Children’s Place, Inc. (NASDAQ:PLCE) shares jumped 35.5% to $9.64 after the company announced it entered into a new financing agreement with Mithaq Capital.
- Cullinan Therapeutics, Inc. (NASDAQ:CGEM) rose 14% to $19.75. HC Wainwright & Co. analyst Edward White maintained Cullinan Oncology with a Buy and lowered the price target from $34 to $29.
- Trump Media & Technology Group Corp. (NASDAQ:DJT) rose 11% to $25.35.
- ALX Oncology Holdings Inc. (NASDAQ:ALXO) climbed 10.4% to $16.01.
- Mesoblast Limited (NASDAQ:MESO) rose 8.5% to $5.09.
- Applied Optoelectronics, Inc. (NASDAQ:AAOI) jumped 8.4% to $13.00.
- AMC Entertainment Holdings, Inc. (NYSE:AMC) surged 7.5% to $2.9250, bouncing back from the selling pressure the stock has faced in recent week.
- AirSculpt Technologies, Inc. (NASDAQ:AIRS) rose 7.2% to $5.63.
- Zuora, Inc. (NYSE:ZUO) rose 6.4% to $9.01.
- Interactive Brokers Group, Inc. (NASDAQ:IBKR) gained 5.2% to $112.93 following upbeat quarterly earnings.
Now Read This: Discover Financial Gears Up For Q1 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
