UBS, First Republic Bank And Other Big Stocks Moving Higher On Tuesday

U.S. stocks traded higher, with the Dow Jones gaining around 200 points on Tuesday. Here are some big stocks recording gains in today’s session.

• U.S. Xpress Enterprises, Inc. USX shares climbed 298% to $5.97 after Knight-Swift Transportation agreed to acquire the company for $6.15 per share.
• First Republic Bank FRC shares gained 29.7% to $15.80 following reports suggesting JP Morgan CEO Jamie Dimon is leading discussions to come up with a new rescue plan for the bank. Also, Treasury Secretary Yellen said the government is prepared to take more action to aid banks, which could be positively impacting the stock.
• On Holding AG ONON rose 29.1% to $27.85 after the company reported fourth-quarter FY22 sales growth of 91.9% year-on-year to CHF 366.8 million.
• ImmunityBio, Inc. IBRX jumped 20% to $1.62.
• Hammerhead Energy Inc. HHRS rose 15.5% to $7.77.
• Seres Therapeutics, Inc. MCRB gained 14.6% to $6.29. Canaccord Genuity maintained Seres Therapeutics with a Buy and raised the price target from $11 to $15.
• Diamond Offshore Drilling, Inc. DO rose 13.8% to $11.62.
• Canadian Solar Inc. CSIQ rose 12.7% to $40.41 after the company reported better-than-expected Q4 results.
• PacWest Bancorp PACW rose 12.7% to $11.58.
• Select Energy Services, Inc. WTTR climbed 12.5% to $6.30. Select Energy Services announced a $50 million buyback program.
• Sunnova Energy International Inc. NOVA jumped 12.4% to $14.26.
• SoundHound AI, Inc. SOUN gained 12.3% to $1.7850.
• SIGNA Sports United N.V. SSU climbed 12.3% to $4.01.
• First Foundation Inc. FFWM gained 12% to $8.13 after the company issued an update on financial strength.
• Puyi Inc. PUYI climbed 11.8% to $7.17. Puyi posted a narrower H1 loss.
• Aehr Test Systems AEHR gained 11.1% to $35.55 after the company announced it received a volume production order for WaferPak full wafer Contactors from a major silicon carbide semiconductor customer.
• Customers Bancorp, Inc. CUBI surged 10% to $19.70.
• UBS Group AG UBS gained 9% to $20.49. UBS stepped into buying Credit Suisse Group for $3.2 billion.
• Harmonic Inc. HLIT gained 8.8% to $14.25 after the company announced a new partnership with Charter Communications.
• XPeng Inc. XPEV jumped 8.8% to $9.96. XPeng recently reported Q4 financial results.
• Semantix, Inc. STIX surged 8.3% to $4.2001.

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