Abercrombie & Fitch, Urban Outfitters, Photronics And Other Big Stocks Moving Higher On Wednesday

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

• GigaCloud Technology Inc. GCT shares surged 62.2% to $9.31 after the company reported a year-over-year increase in first-quarter financial results.
• Zura Bio Limited ZURA shares climbed 36% to $7.28 after Raymond James initiated coverage on the stock with a Strong Buy rating and a $20 price target.
• Abercrombie & Fitch Co. ANF rose 22.3% to $28.14 after the company reported better-than-expected Q1 sales results, raised FY23 net sales growth guidance and raised operating margin guidance.
• The Necessity Retail REIT, Inc. RTL climbed 15.2% to $5.62. Global Net Lease is scheduled to host a webcast and conference call on May 24, 2023 to discuss its merger with The Necessity Retail REIT, Inc.
• Organogenesis Holdings Inc. ORGO rose 14.5% to $3.94 after BTIG upgraded the stock from Neutral to Buy and announced a $10 price target.
• Urban Outfitters, Inc. URBN shares jumped 14.1% to $30.42 as the company reported better-than-expected results for its first quarter said inventory fell 6.3% year-over-year.
• Kamada Ltd. KMDA rose 13.7% to $5.32 after the company reported better-than-expected EPS results and announced a $60 million private placement with FIMI Opportunity Funds.
• Shengfeng Development Limited SFWL climbed 12.4% to $6.80.
• Reata Pharmaceuticals, Inc. RETA gained 11.7% to $88.52.
• Photronics, Inc. PLAB climbed 11.3% to $19.15 following better-than-expected second-quarter results.
• United Homes Group, Inc. UHG rose 9.4% to $12.50.
• Nextdoor Holdings, Inc. KIND climbed 9.2% to $2.4350. Nextdoor recently reported better-than-expected Q1 sales results.
• Kohl's Corporation KSS gained 8.5% to $20.91 after the company reported better-than-expected Q1 total revenue results and reaffirmed FY23 outlook.
• Palo Alto Networks, Inc. PANW surged 8% to $204.90 after the company reported better-than-expected Q3 results and issued strong guidance.
• TuSimple Holdings Inc. TSP climbed 7.3% to $2.07.
• Vipshop Holdings Limited VIPS gained 4.2% to $14.77. Vipshop reported a first-quarter FY23 revenue growth of 9.1% year-on-year to $4.00 billion (RMB27.5 billion), beating the consensus of $3.72 billion.

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