Stratasys, Navitas Semiconductor, United Insurance And Other Big Stocks Moving Higher On Tuesday

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

• Applied Digital Corporation APLD jumped 44.6% to $4.94 after the company announced that its recently launched AI Cloud Service has secured its first major AI customer with an agreement worth up to $180 million over a 24-month period.
• Navitas Semiconductor Corporation NVTS surged 18.8% to $7.89 after the company reported better-than-expected Q1 financial results.
• Atlas Lithium Corporation ATLX shares rose 18% to $22.39.
• United Insurance Holdings Corp. UIHC climbed 17.8% to $4.82 after posting a profit for the first quarter.
• Nanobiotix S.A. NBTX rose 13.2% to $5.31. Nanobiotix recently announced it is entering into final contract negotiations after agreement to a non-binding term sheet for development and commercialization of NBTXR3 with a major global pharmaceutical company.
• Cabaletta Bio, Inc. CABA gained 11.8% to $12.84 after the company announced it received FDA clearance of its IND application for CABA-201 for the treatment of myositis.
• Conduent Incorporated CNDT gained 10.8% to $3.2250 after the company announced a $75 million share repurchase program.
• Advantage Solutions Inc. ADV gained 9.7% to $1.69. Advantage Solutions recently reported better-than-expected Q1 sales results.
• OmniAb, Inc. OABI gained 8.1% to $3.7950. OmniAb CEO Matthew W Foehr acquired a total 440,000 shares an average price of $3.40.
• Palomar Holdings, Inc. PLMR jumped 8% to $50.87 after Keefe, Bruyette & Woods upgraded the stock from Market Perform to Outperform and raised its price target from $59 to $64.
• Stratasys Ltd. SSYS jumped 7.7% to $15.53 after the company reported better-than-expected Q1 financial results and issued FY23 guidance.
• P10, Inc. PX gained 7.7% to $10.84 after the company reported better-than-expected Q1 financial results.
• Archer Aviation Inc. ACHR jumped 7.1% to $2.5392.
• VirTra, Inc. VTSI rose 5.4% to $6.24 after reporting better-than-expected quarterly sales.

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