XPeng Posts Strong Results, Joins Larimar Therapeutics, Transcat And Other Big Stocks Moving Higher On Tuesday
U.S. stocks were mostly higher, with the Dow Jones index gaining around 50 points on Tuesday.
Shares of XPeng Inc. (NYSE:XPEV) rose sharply during Tuesday's session after the company reported better-than-expected first-quarter results and issued second-quarter guidance.
XPeng reported fiscal first-quarter sales growth of 62.3% year-on-year, to 6.55 billion Chinese Yuan ($0.91 billion), beating the analyst consensus estimate of 6.17 billion Chinese Yuan ($0.87 billion). Total revenues declined 49.8% sequentially. Adjusted net loss per ADS of $0.21 beat the analyst consensus loss estimate of $0.27, according to data from Benzinga Pro.
XPeng shares jumped 10% to $9.12 on Tuesday.
Here are some other big stocks recording gains in today's session.
- Waldencast plc (NASDAQ:WALD) shares climbed 15% to $5.00 following first-quarter results.
- Larimar Therapeutics, Inc.. (NASDAQ:LRMR) gained 12.3% to $8.16 after the company announced that the FDA removed the partial clinical hold previously placed on the nomlabofusp clinical program.
- Nukkleus Inc. (NASDAQ:NUKK) surged 11.4% to $1.0299
- Transcat, Inc. (NASDAQ:TRNS) climbed 10.1% to $136.63 following better-than-expected quarterly earnings.
- Bloom Energy Corporation (NYSE:BE) gained 9.7% to $14.18.
- Tandem Diabetes Care, Inc. (NASDAQ:TNDM) climbed 8.6% to $51.28.
- Mesoblast Limited (NASDAQ:MESO) gained 8.1% to $7.90.
- Iris Energy Limited (NASDAQ:IREN) rose 8% to $6.87.
- Nikola Corporation (NASDAQ:NKLA) climbed 6.2% to $0.56. The company announced that AiLO Logistics, a significant drayage carrier operating in the Ports of Los Angeles and Long Beach, has placed a 100-truck order of Nikola hydrogen fuel cell electric vehicles from Tom's Truck Centers, a member of the Nikola sales and service dealer network..
- Lotus Technology Inc. (NASDAQ:LOT) gained 6.1% to $9.06.
- Dollar General Corporation (NYSE:DG) rose 4.4% to $143.88
Now Read This: Top 5 Health Care Stocks Which Could Rescue Your Portfolio This Month
