Williams-Sonoma, Wix.com, Dolby Laboratories And Other Big Stocks Moving Higher On Wednesday

U.S. stocks were lower, with the Nasdaq Composite falling more than 200 points on Wednesday.

Shares of Williams-Sonoma, Inc. WSM rose sharply during Wednesday's session after the company reported better-than-expected third-quarter financial results.

The company reported third-quarter adjusted earnings per share of $1.96, beating the analyst consensus of $1.78. Quarterly sales declined by 2.9% year-over-year to $1.8 billion, beating the street view of $1.79 billion. Comparable brand revenue was down 2.9% year-over-year.

Also, the company approved a $1 billion stock repurchase authorization.

Williams-Sonoma, Inc. WSM shares gained 22.7% to $168.48 on Wednesday.

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

• Red Cat Holdings, Inc. RCAT shares jumped 35.3% to $6.41. Palladyne AI and Red Cat expanded partnership for Teal Drones.
• Kingsoft Cloud Holdings Limited KC shares surged 33.3% to $6.12. The company reported third-quarter earnings on Tuesday.
• Alpha Teknova, Inc. TKNO rose 18.3% to $7.39.
• Sunnova Energy International Inc. NOVA gained 18.2% to $4.0701.
• Wix.com Ltd. WIX gained 14.5% to $210.79 after the company reported better-than-expected third-quarter financial results and raised its FY24 revenue guidance. Also, multiple firms raised their respective price targets on the stock.
• ATRenew Inc. RERE gained 13.8% to $2.8000 following third-quarter results.
• Global-E Online Ltd. GLBE shares rose 10.5% to $47.24 after the company reported better-than-expected quarterly financial results and raised its FY24 revenue outlook.
• HUTCHMED (China) Limited HCM gained 10.1% to $18.44. HUTCHMED announced the appointment of independent non-executive director and member of board committee.
• Dolby Laboratories, Inc. DLB gained 9.9% to $77.96 after the company reported better-than-expected fourth-quarter adjusted EPS results and issued FY25 EPS guidance above estimates.
• Bruker Corporation BRKR rose 9.2% to $52.69.
• Azenta, Inc. AZTA gained 9.2% to $44.68. Flex will replace Azenta in the S&P MidCap 400, and Azenta will replace Envestnet in the S&P SmallCap 600 effective prior to the opening of trading on Monday, Nov. 25.
• Alignment Healthcare, Inc. ALHC gained 6.6% to $11.82.
• Flex Ltd. FLEX gained 6.3% to $39.69.
• Keysight Technologies, Inc. KEYS rose 5.2% to $160.02 after the company reported better-than-expected quarterly financial results. Also, multiple firms raised their respective price targets on the stock.

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