U.S. stocks were lower, with the Dow Jones index falling around 250 points on Wednesday.
Shares of Autoliv, Inc. ALV rose sharply during Wednesday's session after the company reported better-than-expected first-quarter financial results.
Autoliv reported quarterly earnings of $2.15 per share which beat the analyst consensus estimate of $1.67 per share. The company reported quarterly sales of $2.58 billion which beat the analyst consensus estimate of $2.52 billion.
Autoliv shares jumped 7.5% to $88.42 on Wednesday.
Here are some other big stocks recording gains in today's session.
- Hertz Global Holdings, Inc. HTZ shares jumped 15.6% to $4.22 after Pershing Square Capital Management disclosed via a 13F that it bought 12.7 million shares in the company.
- Webull Corporation BULL surged 12.2% to $45.89 after the company announced the closing of its business combination transaction with SK Growth Opportunities Corp.
- Perion Network Ltd. PERI rose 10.8% to $9.00 as the company announced preliminary first quarter 2025 results.
- USA Rare Earth, Inc. USAR gained 10.7% to $14.97.
- IAMGOLD Corporation IAG shares rose 10% to $8.19. Shares of gold stocks traded higher amid a rally in the value of the commodity past the price of $3300 and towards an all-time high.
- MP Materials Corp. MP rose 9.4% to $27.44.
- Sibanye Stillwater Limited SBSW gained 9% to $4.8850. Shares of gold stocks traded higher amid a rally in the value of the commodity past the price of $3300 and towards an all-time high.
- Energy Fuels Inc. UUUU gained 8.8% to $4.4950.
- Wabash National Corporation WNC rose 7.7% to $9.88.
- Grocery Outlet Holding Corp. GO gained 6.2% to $14.77. Jefferies analyst Corey Tarlowe upgraded Grocery Outlet Holding from Hold to Buy and raised the price target from $13 to $18.
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