Meta Platforms, Hilton Grand Vacations, D.R. Horton, And Some Other Big Stocks Moving Higher On Wednesday

U.S. stocks traded lower, with the Nasdaq dropping more than 100 points on Wednesday. Here are some big stocks recording gains in today’s session.

• Merrimack Pharmaceuticals, Inc. MACK shares climbed 219% to $12.80 after partner Ipsen reported Onivyde met its primary and key secondary endpoint. Merrimack is eligible for up to $450 million in milestone payments for the pancreatic cancer treatment.
• Outset Medical, Inc. OM surged 36.1% to $15.61 after the company reported better-than-expected Q3 results.
• OptimizeRx Corporation OPRX climbed 28% to $18.58 following better-than-expected Q3 results.
• Health Catalyst, Inc. HCAT rose 23% to $7.95 after the company reported better-than-expected Q3 EPS and sales results. The company also issued FY22 sales guidance above analyst estimates.
• Vivint Smart Home, Inc. VVNT gained 21.4% to $8.50 after the company posted upbeat quarterly sales and raised FY22 revenue guidance.
• LiveRamp Holdings, Inc. RAMP rose 21% to $18.91 after the company reported better-than-expected Q2 results and issued strong guidance.
• Axon Enterprise, Inc. AXON jumped 18.2% to $177.25 after the company reported better-than-expected Q3 results.
• A-Mark Precious Metals, Inc. AMRK jumped 17% to $32.76 after the company reported better-than-expected Q1 results.
• Life Time Group Holdings, Inc. LTH gained 15.6% to $11.32 following strong Q3 earnings.
• Array Technologies, Inc. ARRY rose 15.2% to $19.56 after the company reported better-than-expected Q3 results and issued strong guidance.
• Target Hospitality Corp. TH jumped 14.4% to $12.55 after the company reported Q3 EPS results were higher year over year and better-than-expected Q3 sales results. The company authorized up to $100 million in a stock repurchase program.
• HCI Group, Inc. HCI jumped 13.8% to $39.38 after reporting a narrower-than-expected quarterly loss.
• Seer, Inc. SEER gained 13.2% to $7.31 after reporting upbeat quarterly results.
• Sprouts Farmers Market, Inc. SFM jumped 12.2% to $32.17 after the company reported better-than-expected Q3 results and issued guidance above estimates.
• MRC Global Inc. MRC gained 11.6% to $10.89 following strong quarterly results.
• Forestar Group Inc. FOR jumped 11.3% to $12.91 following upbeat Q4 results.
• Coherent Corp. COHR gained 10.8% to $33.18 after the company reported better-than-expected Q1 results.
• Shoals Technologies Group, Inc. SHLS gained 9.8% to $21.63.
• Ziff Davis, Inc. ZD gained 9.6% to $80.97 following strong quarterly earnings.
• Hilton Grand Vacations Inc. HGV gained 9.6% to $41.15 after the company reported better-than-expected Q3 results and raised FY22 EBITDA guidance.
• XP Inc. XP gained 9.1% to $20.01 after the company reported Q3 financial results.
• Gold Fields Limited GFI jumped 8.8% to $10.72. Gold Fields announced termination of arrangement agreement with Yamana.
• Squarespace, Inc. SQSP rose 7.9% to $21.09. Piper Sandler maintained Squarespace with a Neutral and raised the price target from $21 to $22.
• Meta Platforms, Inc. META gained 7.3% to $103.47 after the company announced a planned layoff of 11,000 employees and affirmed Q4 revenue guidance.
• Halozyme Therapeutics, Inc. HALO rose 7% to $49.03 after the company reported better-than-expected Q3 results.
• D.R. Horton, Inc. DHI rose 6.4% to $77.93 after the company reported Q4 earnings results.
• IAC Inc. IAC gained 5% to $47.05 following Q3 results.