Argan Reports Strong Earnings, Joins Geron, Planet Labs PBC And Other Big Stocks Moving Higher On Friday
$AGX
$BRZE
$CRDO
$CVNA
Engineering & Construction
Consumer Discretionary
Computer Software: Prepackaged Software
Technology
U.S. stocks were mixed, with the Dow Jones index gaining around 0.1% on Friday.
Shares of Argan, Inc. (NYSE:AGX) rose sharply during Friday's session after the company reported better-than-expected first-quarter financial results.
Argan posted quarterly earnings of 58 cents per share, beating market estimates of 52 cents per share. The company's quarterly sales came in at $157.68 million versus expectations of $134.75 million, according to data from Benzinga Pro.
Argan shares climbed 11.1% to $76.78 on Thursday.
Here are some other big stocks recording gains in today’s session.
- Geron Corporation (NASDAQ:GERN) shares climbed 26% to $4.90 as the company reported the FDA approval of RYTELO™ (imetelstat), a first-in-class telomerase inhibitor, for the treatment of adult patients with lower-risk MDS with transfusion-dependent anemia.
- SunPower Corporation (NASDAQ:SPWR) shares jumped 18.8% to $4.11.
- Oddity Tech Ltd. (NASDAQ:ODD) rose 18.3% to $43.49 after the company approved a share buyback and raised its Q2 guidance.
- Yext, Inc. (NYSE:YEXT) climbed 14.7% to $5.42. Yext is said to hire investment bankers to explore strategic alternatives, including a sale, Reuters reported.
- Planet Labs PBC (NYSE:PL) climbed 9.6% to $1.9950 following better-than-expected quarterly earnings.
- Limoneira Company (NASDAQ:LMNR) gained 9.4% to $22.27 as the company reported financial results for the second quarter ended April 30, 2024.
- Esperion Therapeutics, Inc. (NASDAQ:ESPR) gained 8.7% to $2.6850.
- Waldencast plc (NASDAQ:WALD) rose 8.6% to $4.77.
- NWTN Inc. (NASDAQ:NWTN) climbed 8.5% to $2.17.
- Dave Inc. (NASDAQ:DAVE) gained 7.8% to $39.57. B. Riley Securities analyst Hal Goetsch initiated coverage on Dave with a Buy rating and announced a price target of $60.
- Mobileye Global Inc. (NASDAQ:MBLY) rose 7.6% to $29.48.
- Credo Technology Group Holding Ltd (NASDAQ:CRDO) gained 7.2% to $27.72.
- Braze, Inc. (NASDAQ:BRZE) gained 4.2% to $38.32 following better-than-expected first-quarter earnings.
- Carvana Co. (NYSE:CVNA) rose 3.7% to $108.49.
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