Pure Storage Posts Upbeat Results, Joins Cross Country Healthcare, Marvell Technology, Stoke Therapeutics And Other Big Stocks Moving Higher On Wednesday

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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