U.S. stocks were higher, with the Dow Jones index gaining more than 150 points on Wednesday.
Shares of Pure Storage Inc PSTG gained 26.1% to $67.48 after the company reported better-than-expected third-quarter financial results and issued fourth-quarter guidance above estimates.
Pure Storage reported quarterly earnings of 50 cents per share, which beat the analyst consensus estimate of 42 cents. Quarterly revenue came in at $831.07 million which beat the consensus estimate of $818.14 million and is an increase over sales of $762.84 million from the same period last year.
Pure Storage shares jumped 26.1% to $67.48 on Wednesday.
Here are some other big stocks recording gains in today's session.
- Cross Country Healthcare, Inc. CCRN shares gained 61.9% to $18.07 after Aya Healthcare announced a definitive agreement to acquire the company for approximately $615 million.
- Altimmune Inc ALT surged 22.4% to $10.76.
- Marvell Technology Inc MRVL climbed 22% to $117.05 as the company reported better-than-expected third-quarter financial results and issued fourth-quarter guidance above estimates on Tuesday.
- Hesai Group – ADR HSAI gained 20.6% to $9.65.
- Stoke Therapeutics, Inc. STOK jumped 15.2% to $13.17 after the company announced it received breakthrough therapy designation status from the FDA for Zorevuvnersen.
- Navitas Semiconductor Corporation NVTS rose 15.1% to $3.6150.
- Bitdeer Technologies Group BTDR climbed 14.6% to $16.97.
- MaxLinear, Inc. MXL gained 14.2% to $19.85.
- Microvast Holdings Inc MVST gained 14.2% to $1.61.
- Zeta Global Holdings Corp. ZETA rose 13.3% to $27.10 after the company announced a 106% year-over-year usage increase for its marketing platform from Thanksgiving to Cyber Monday.
- SoundHound AI, Inc. SOUN gained 12.4% to $9.99.
- Roku, Inc. ROKU rose 10.2% to $83.41. Needham maintained a Buy rating on the stock.
- Salesforce, Inc. CRM gained 9.2% to $362.05 following third-quarter results.
- Powell Industries, Inc. POWL surged 8.8% to $292.50.
- UiPath Inc. PATH rose 8.5% to $15.61.
- JetBlue Airways Corporation JBLU gained 7.2% to $6.49.
- MongoDB, Inc. MDB rose 6.6% to $345.27 after Baird maintained an Outperform rating on the stock and raised its price target from $305 to $380.
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