U.S. stocks closed mostly higher on Thursday. Here is the list of some big stocks moving higher in the previous session.
- Wolfspeed, Inc. WOLF shares surged 31.8% to settle at $112.91 after the company reported better-than-expected Q4 EPS and sales results. Additionally, multiple firms raised their price target on the stock.
- Weber Inc. WEBR gained 27.2% to close at $10.00.
- Mannatech, Incorporated MTEX gained 17.1% to close at $23.50. Mannatech recently reported a second-quarter FY22 sales decline of 17.7% year-on-year, to $35 million.
- Canadian Solar Inc. CSIQ jumped 15.2% to close at $45.19 after the company reported better-than-expected Q2 results and raised Q3 and FY22 sales guidance above estimates.
- Tellurian Inc. TELL gained 13% to close at $4.68.
- EQRx, Inc. EQRX gained 12.6% to close at $5.43.
- Peabody Energy Corporation BTU gained 11.4% to close at $25.89.
- DCP Midstream, LP DCP surged 10.5% to settle at $38.40 after Phillips 66 made an offer to acquire all publicly held common units of the company for $34.75 per unit.
- EnLink Midstream, LLC ENLC climbed 9.9% to close at $10.81. The company recently posted upbeat quarterly sales.
- Northern Oil and Gas, Inc. NOG gained 9% to settle at $31.91. Raymond James maintained Northern Oil & Gas with a Strong Buy and raised the price target from $50 to $55.
- Transocean Ltd. RIG surged 8.8% to close at $3.82. Shares of energy companies traded higher on continued upward momentum following EIA data from Wednesday that showed a greater-than-expected draw in US crude oil inventories.
- Helmerich & Payne, Inc. HP gained 8% to settle at $44.00.
- ON Semiconductor Corporation ON rose 7.3% to close at $73.25 in sympathy with Wolfspeed, which reported better-than-expected Q4 EPS and sales results. Both companies are involved in making products in the auto sector.
- BJ’s Wholesale Club Holdings, Inc. BJ climbed 7.2% to close at $74.09 after the company reported better-than-expected Q2 EPS and sales results and raised FY22 EPS guidance above estimates.
- Keysight Technologies, Inc. KEYS rose 6.2% to close at $179.70 as the company reported upbeat earnings for its third quarter and issued a strong forecast for the fourth quarter.
- Cisco Systems, Inc. CSCO rose 5.8% to settle at $49.37 after the company reported better-than-expected results for its fourth quarter and issued strong guidance.
Image and article originally from www.benzinga.com. Read the original article here.