AT&T Updates 2024 Outlook, Joins ZJK Industrial, Janux Therapeutics, Credo Technology Group And Other Big Stocks Moving Higher On Tuesday

U.S. stocks were mostly lower, with the Dow Jones index falling more than 100 points on Tuesday.

Shares of AT&T Inc. T rose sharply during Tuesday's session after the company updated its 2024 guidance, raising the bottom end of its adjusted EPS outlook to $2.20-$2.25, above analyst estimates of $2.10.

AT&T is modernizing its 5G wireless network, aiming to complete the transition to open, high-capacity technology by 2027. The network, with deep mid-band 5G spectrum, will cover over 300 million people by the end of 2026.

AT&T shares climbed 4.2% to $23.65 on Tuesday.

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

ZJK Industrial Co., Ltd. ZJK shares jumped 258% to $22.69 after the company announced it received a request to produce samples for one of NVIDIA’s upcoming liquid cooling manifold projects.
Janux Therapeutics, Inc. JANX gained 64% to $65.88 after the company announced updated interim clinical data for its JANX007 program in prostate cancer.
Credo Technology Group Holding Ltd CRDO surged 43.5% to $68.58 after the company reported better-than-expected second-quarter financial results issued guidance above estimates. Also, multiple firms raised their respective price targets on the stock.
Porch Group, Inc. PRCH gained 24.5% to $4.6950.
Uxin Limited UXIN climbed 17.2% to $4.95 as the company reported a strategic partnership with CATL’s subsidiary to develop battery swapping ecosystem for used cars.
Vir Biotechnology, Inc. VIR rose 14.2% to $9.31.
Core & Main, Inc. CNM shares climbed 14.1% to $55.11 after the company reported better-than-expected quarterly EPS and sales.
BigBear.ai Holdings, Inc. BBAI gained 12.3% to $2.46.
Sunstone Hotel Investors, Inc. SHO surged 10.9% to $11.94.
MP Materials Corp. MP gained 10.2% to $22.94.
GrafTech International Ltd. EAF shares surged 9.7% to $2.0400.
BingEx Limited FLX rose 9.3% to $8.48.
JinkoSolar Holding Co., Ltd. JKS gained 8.2% to $26.72.
Applied Optoelectronics, Inc. AAOI jumped 7.8% to $43.93.
Alpha and Omega Semiconductor Limited AOSL gained 7.7% to $44.56.
Zeta Global Holdings Corp. ZETA surged 6.6% to $25.60.