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    Despegar.com Posts Strong Sales, Joins Reddit, Robinhood And Other Big Stocks Moving Higher On Friday

    5/17/24 10:11:14 AM ET
    $ASTS
    $AUTL
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    Biotechnology: Biological Products (No Diagnostic Substances)
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    Get the next $ASTS alert in real time by email

    U.S. stocks were mixed, with the Dow Jones gaining around 0.1% on Friday.

    Shares of Despegar.com, Corp. (NYSE:DESP) rose sharply during Friday's session after the company reported better-than-expected quarterly sales results.

    Despegar.com posted GAAP earnings of 7 cents per share, versus market estimates of 15 cents per share. The company's quarterly sales came in at $173.700 million beating expectations of $171.556 million, according to data from Benzinga Pro.

    Despegar.com shares jumped 19.7% to $15.01 on Friday.

    Here are some other big stocks recording gains in today's session.

    • Doximity, Inc. (NYSE:DOCS) gained 19.7% to $28.41 reported stronger-than-expected financial results for the fourth quarter on Thursday.
    • Reddit, Inc. (NYSE:RDDT) climbed 14.5% to $64.52 after the company announced a partnership with OpenAI.
    • Ouster, Inc. (NYSE:OUST) gained 14.4% to $13.36.
    • CureVac N.V. (NASDAQ:CVAC) jumped 12.1% to $3.90
    • Autolus Therapeutics plc (NASDAQ:AUTL) rose 11.3% to $4.53 following first-quarter results.
    • AST SpaceMobile, Inc. (NASDAQ:ASTS) climbed 9.4% to $4.41.
    • Hecla Mining Company (NYSE:HL) surged 8.6% to $5.97.
    • Endeavour Silver Corp. (NYSE:EXK) gained 8.2% to $3.79.
    • Coeur Mining, Inc. (NYSE:CDE) shares rose 7.7% to $5.68.
    • NovaGold Resources Inc. (NYSE:NG) shares jumped 7.4% to $3.51
    • Robinhood Markets, Inc. (NASDAQ:HOOD) gained 6.2% to $19.01 after B of A Securities upgraded the stock from Underperform to Buy and raised its price target from $14 to $24.
    • Mesoblast Limited (NASDAQ:MESO) rose 5.6% to $7.41.
    • RBC Bearings Incorporated (NYSE:RBC) shares climbed 4.5% to $279.55 following fourth-quarter results.
    • DouYu International Holdings Limited (NASDAQ:DOYU) gained 4.3% to $10.96.

    Now Read This:  Cramer Recommends Buying This Sports Betting Company’s Stock: ‘I Think It’s Terrific’

    Get the next $ASTS alert in real time by email

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