Argan Reports Upbeat Earnings, Joins Coupang And Other Big Stocks Moving Higher On Friday
$AGX
$CDE
$CLNE
$CPNG
Engineering & Construction
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Precious Metals
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U.S. stocks were lower, with the Dow Jones index falling over 250 points on Friday.
Shares of Argan, Inc. (NYSE:AGX) rose sharply during Friday’s session as the company reported better-than-expected results for its fourth quarter.
Argan posted quarterly earnings of 89 cents per share, beating market estimates of 75 cents per share. The company’s quarterly sales came in at $164.55 million, topping expectations of $161.60 million, according to data from Benzinga Pro.
Argan, shares jumped 21.5% to $59.97 on Friday.
Here are some other big stocks recording losses in today’s session.
- Globe Life Inc. (NYSE:GL) shares rose 17% to $57.28 amid volatility following a short report on the stock from Fuzzy Panda Research. Globe Life afterwards issued a statement refuting the allegations raised in the report.
- Lyell Immunopharma, Inc. (NASDAQ:LYEL) climbed 16.4% to $3.0989.
- AMTD Digital Inc. (NYSE:HKD) shares gained 14.8% to $3.64.
- Graphjet Technology (NASDAQ:GTI) shares surged 14.6% to $9.93.
- Coeur Mining, Inc. (NYSE:CDE) surged 11.3% to $5.33.
- Gatos Silver, Inc. (NYSE:GATO) gained 10.4% to $10.73.
- Coupang, Inc. (NYSE:CPNG) climbed 10.3% to $21.01 after it was reported the company will raise membership fees.
- Mobile-health Network Solutions (NASDAQ:MNDR) rose 8.1% to $11.03 on post-IPO volatility.
- SolarMax Technology, Inc. (NASDAQ:SMXT) surged 8.3% to $14.78.
- Endeavour Silver Corp. (NYSE:EXK) shares rose 7.5% to $3.0650.
- Skeena Resources Limited (NYSE:SKE) gained 6.1% to $5.03.
- Clean Energy Fuels Corp. (NASDAQ:CLNE) rose 5.2% to $2.5050. Clean Energy Fuels is expected to release financial results for the first quarter of 2024 on May 9, 2024 after the closing bell.
- Sibanye Stillwater Limited (NYSE:SBSW) climbed 5% to $5.82.
- Newmont Corporation (NYSE:NEM) gained 4.7% to $40.92 amid strength in the price of gold and silver.
- Nikola Corporation (NASDAQ:NKLA) shares gained 4.7% to $0.7503. M&M Residual withdrew its nomination of directors.
- Geron Corporation (NASDAQ:GERN) rose 3.7% to $3.9099.
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