Benzinga - by Avi Kapoor, Benzinga Staff Writer.
U.S. stocks were mixed, with the Dow Jones index gaining around 75 points on Tuesday.
Shares of National CineMedia, Inc. (NASDAQ: NCMI) jumped 25.5% to $5.30 after the company posted upbeat results for its fourth quarter and disclosed a new $100 million share repurchase program.
Operating revenue stood at $90.9 million, beating the consensus of $81.1 million. EPS of 24 cents beat the consensus of 9 cents.
The company said it sees first-quarter total revenue of $34.5 million to $35.5 million.
Here are some other big stocks recording gains in today’s session.
- Fusion Pharmaceuticals Inc. (NASDAQ: FUSN) shares jumped 97.3% to $20.99 after the company announced agreed to be acquired by AstraZeneca. Also, Leerink Partners downgraded the stock from Outperform to Market Perform but raised its price target from $17 to $21.
- Spire Global, Inc. (NYSE: SPIR) shares climbed 50.7% to $18.50 after announcing a collaboration with NVIDIA to advance AI-driven weather prediction.
- Zoomcar Holdings, Inc. (NASDAQ: ZCAR) jumped 33.1% to $1.57 after the company announced that it partnered with EaseMyTrip to integrate its cars within the travel platform.
- Enliven Therapeutics, Inc. (NASDAQ: ELVN) shares rose 27.2% to $16.09. The company announced a $90 million private placement financing and provided pipeline updates.
- Alignment Healthcare, Inc. (NASDAQ: ALHC) shares surged 17.7% to $5.50.
- BitFuFu Inc. (NASDAQ: FUFU) gained 15.2% to $4.70.
- Crinetics Pharmaceuticals, Inc. (NASDAQ: CRNX) gained 15% to $43.63 after the company's Phase 3 PATHFNDR-2 trial of paltusotine in acromegaly achieved the primary and all secondary endpoints.
- Nordstrom, Inc. (NYSE: JWN) climbed 11.9% to $19.10 following a report suggesting the company's founding family is working with Morgan Stanley and Centerview Partners in an attempt to potentially go private.
- Alpine Immune Sciences, Inc. (NASDAQ: ALPN) rose 10.3% to $39.13 following fourth-quarter earnings.
- DocGo Inc. (NASDAQ: DCGO) climbed 10% to $4.0550. DocGo announced repurchases of common stock and adoption of 10b5-1 trading plan for share repurchase program.
- Montauk Renewables, Inc. (NASDAQ: MNTK) gained 8.7% to $4.08.
- Lotus Technology Inc. (NASDAQ: LOT) climbed 8.2% to $7.90.
- Valneva SE (NASDAQ: VALN) gained 7.8% to $8.34. Valneva announced extension of the interest-only period of its debt facility with Deerfield and OrbiMed.
- CVR Partners, LP (NYSE: UAN) rose 7.1% to $68.27.
- International Paper Company (NYSE: IP) gained 7% to $37.38. International Paper said it has elected Andrew Silvernail as Chief Executive Officer, following an extensive evaluation process.
- Endava plc (NYSE: DAVA) gained 6.4% to $39.58 after JP Morgan upgraded the stock from Neutral to Overweight with a $49 price target. Additionally, Guggenheim initiated coverage on the stock with a Buy rating and a price target of $60.
- Core & Main, Inc. (NYSE: CNM) rose 5% to $53.22 following upbeat sales.
Now Read This: Nvidia To Rally Around 10%? Here Are 10 Top Analyst Forecasts For Tuesday
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.