IQVIA Posts Upbeat Earnings, Joins Terex, Reddit And Other Big Stocks Moving Higher On Monday

U.S. stocks were higher, with the Nasdaq Composite gaining over 100 points on Monday.

Shares of IQVIA Holdings Inc. (NYSE:IQV) rose sharply during Monday's session after the company released better-than-expected second-quarter financial results and raised its 2024 guidance.

IQVIA reported a second adjusted EPS of $2.64, up from $2.43, beating the consensus of $2.57. Provider of advanced analytics reported sales of $3.81 billion, beating the consensus of $3.79 billion, according to data from Benzinga Pro.

IQVIA Holdings shares jumped 7.4% to $241.07 on Monday.

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

• Tellurian Inc. (NASDAQ:TELL) shares surged 64.5% to $0.9401 after the company announced it will be acquired by Woodside Energy for approximately $900 million.
• Serve Robotics Inc. (NASDAQ:SERV) shares gained 46.6% to $11.08 after Nvidia last week disclosed a stake in the company.
• Cassava Sciences, Inc. (NASDAQ:SAVA) gained 27.2% to $12.82 after the company announced its first Phase 3 trial is expected to conclude by December and its second Phase 3 trial is expected to conclude by June 2025.
• Embecta Corp. (NASDAQ:EMBC) climbed 16.4% to $15.34. Embecta is scheduled to host a conference call to discuss its fiscal third quarter 2024 financial results on Friday, Aug. 9.
• Terex Corporation (NYSE:TEX) gained 11.2% to $62.76 after the company inked a deal to acquire Environmental Solutions Group (ESG) from Dover Corporation (NYSE:DOV) in a $2.0 billion all-cash transaction.
• Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) gained 10.5% to $3.80. Aveanna Healthcare will release its second quarter results before the market open on Thursday, Aug. 8.
• Karooooo Ltd. (NASDAQ:KARO) climbed 10.4% to $37.78.
• Eliem Therapeutics, Inc. (NASDAQ:ELYM) gained 9.7% to $8.01.
• Clearwater Paper Corporation (NYSE:CLW) rose 9.6% to $53.65 after the company announced a deal to sell its tissue business for $1.06 billion.
• SentinelOne, Inc. (NYSE:S) shares climbed 9.5% to $23.80 after a failed software update from CrowdStrike Holdings, Inc. (NASDAQ:CRWD) caused global outages.
• Summit Therapeutics Inc. (NASDAQ:SMMT) gained 9% to $9.57.
• Sasol Limited (NYSE:SSL) rose 8.8% to $7.96.
• Rentokil Initial plc (NYSE:RTO) surged 8% to $31.91 following a report suggesting former BT CEO Philip Jansen is in talks to acquire the company.
• Noah Holdings Limited (NYSE:NOAH) rose 7.7% to $7.78.
• TAL Education Group (NYSE:TAL) gained 7.4% to $10.84. TAL Education will release its unaudited financial results for the first quarter, before the opening bell on Thursday, Aug. 1.
• Reddit, Inc. (NYSE:RDDT) gained 5.6% to $68.32 after the company announced deals with major sports leagues to get content to its site and draw advertisers.
• MINISO Group Holding Limited (NYSE:MNSO) gained 5.6% to $18.10.

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