World Acceptance Posts Upbeat Earnings, Joins Kaman, Spirit Airlines And Other Big Stocks Moving Higher On Friday

U.S. stocks traded higher, with the Dow Jones index gaining around 50 points on Friday.

Shares of World Acceptance Corporation (NASDAQ:WRLD) rose sharply during Friday’s session following upbeat quarterly results.

World Acceptance posted quarterly earnings of $2.84 per share, beating market estimates of $1.88 per share. The company’s quarterly sales came in at $137.75 million versus expectations of $130.58 million.

World Acceptance shares jumped 10.2% to $134.00 on Friday.

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

• Kaman Corporation (NASDAQ:KAMN) shares gained 101.3% to $45.14 after the company announced it will be acquired by Arcline for $1.8 billion.
• Edgewise Therapeutics, Inc. (NASDAQ:EWTX) jumped 37.3% to $13.30 after the company announced pricing of its $240 million underwritten offering of 21,818,182 shares at $11 per share.
• Tricon Residential Inc. (NYSE:TCN) shares rose 28.2% to $11.06 Blackstone and Tricon Residential entered into an arrangement agreement under which Blackstone Real Estate Partners X together with Blackstone Real Estate Income Trust, Inc. will acquire all outstanding common shares of Tricon for $11.25 per share in cash.
• Spirit Airlines, Inc. (NYSE:SAVE) climbed 24% to $7.06 after the company announced preliminary fourth-quarter and full year 2023 estimates, issued first-quarter 2024 guidance and said the merger agreement between the company and JetBlue "remains in full force and effect."
• Super Micro Computer, Inc. (NASDAQ:SMCI) gained 23.1% to $383.31 after the company announced updated financial guidance for the second-quarter, which surpassed its previous outlook.
• Silk Road Medical, Inc (NASDAQ:SILK) shares rose 13.1% to $14.91 after Stifel upgraded the stock from Hold to Buy and raised its price target from $9 to $20.
• Wayfair Inc. (NYSE:W) surged 11.6% to $56.81 after the company announced a workforce realignment plan, which includes a workforce reduction involving approximately 13% of its global workforce.
• NewAmsterdam Pharma Company N.V. (NASDAQ:NAMS) gained 10.5% to $19.44.
• Ally Financial Inc. (NYSE:ALLY) surged 9.4% to $35.15. Synchrony Financial announced plans to acquire Ally Financial's point of sale financing business. Ally Financial also posted upbeat quarterly sales.
• MacroGenics, Inc. (NASDAQ:MGNX) rose 7.7% to $11.59.
• Fiverr International Ltd. (NYSE:FVRR) rose 6.9% to $26.41. Goldman Sachs analyst Eric Sheridan upgraded Fiverr Intl from Neutral to Buy.
• Plug Power Inc. (NASDAQ:PLUG) gained 6.4% to $2.5750.
• WNS (Holdings) Limited (NYSE:WNS) gained 4.4% to $65.71. Needham analyst Mayank Tandon maintained WNS with a Buy and raised the price target from $80 to $85.
• State Street Corporation (NYSE:STT) rose 4.3% to $77.51 after the company reported better-than-expected fourth-quarter financial results and announced a new authorization to repurchase up to $5 billion of common shares.
• Texas Instruments Incorporated (NASDAQ:TXN) gained 3.8% to $173.18. UBS analyst Timothy Arcuri upgraded Texas Instruments from Neutral to Buy and raised the price target from $170 to $195.

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