Booz Allen Hamilton, Workday, Marvell Technology And Other Big Stocks Moving Higher On Friday

U.S. stocks traded higher, with the Dow Jones gaining over 300 points on Friday. Here are some big stocks recording gains in today’s session.

• MediaAlpha, Inc. MAX jumped 27.4% to $9.68 after White Mountains Insurance Group, Ltd. and WM Hinson commenced a tender offer for up to 5 million shares of MediaAlpha stock.
• Marvell Technology, Inc. MRVL gained 27.1% to $62.85 after the company reported strong Q1 results and said it expects AI revenue to at least double in 2024.
• Arcus Biosciences, Inc. RCUS shares rose 25.8% to $22.01. Citigroup maintained Arcus Biosciences with a Buy.
• iTeos Therapeutics, Inc. ITOS gained 17.9% to $16.38.
• PDD Holdings Inc. PDD jumped 16.3% to $69.83 after the company reported better-than-expected Q1 financial results.
• PDS Biotechnology Corporation PDSB climbed 13.5% to $7.64. PDS Biotechnology announced promising interim data from the VERSATILE-002 Phase 2 clinical trial.
• Structure Therapeutics Inc. GPCR rose 13.1% to $32.90. Structure Therapeutics initiated Phase 2a study of oral GLP-1 agonist GSBR-1290 for the treatment of Type 2 diabetes and obesity.
• Credo Technology Group Holding Ltd CRDO gained 12.4% to $13.45.
• Geron Corporation GERN climbed 11.6% to $3.4950. Geron highlighted oral presentation at ASCO 2023 meeting; to show 'meaningful continuous transfusion independence observed in imetelstat-treated lower risk MDS patients in IMerge Phase 3.'
• The Gap, Inc. GPS shares gained 11% to $8.23 after the retailer turned in a profitable quarter on an adjusted basis, despite analysts forecasting a significant loss.
• Coherent Corp. COHR climbed 11% to $35.98 after the company and Mitsubishi Electric announced they have signed a memorandum of understanding to collaborate on a program to scale manufacturing of SiC power electronics on a 200 mm technology platform.
• MicroVision, Inc. MVIS gained 10.7% to $4.12.
• Workday, Inc. WDAY jumped 9.7% to $215.61 after the company reported better-than-expected first-quarter results.
• Celestica Inc. CLS gained 9.2% to $12.70. RBC Capital reiterated Celestica with a Sector Perform and maintained a $14 price target.
• Lumentum Holdings Inc. LITE rose 8.6% to $52.16.
• Fabrinet FN gained 8.4% to $114.08.
• Gol Linhas Aéreas Inteligentes S.A. GOL rose 8.3% to $3.3250.
• American Woodmark Corporation AMWD climbed 7.8% to $63.30. Baird maintained American Woodmark with a Neutral and raised the price target from $60 to $65.
• Ford Motor Company F gained 7.1% to $12.19. Ford Motor Company's Executive Jim Farley said the company's largest competitors for manufacturing electric vehicles are the Chinese firms like Warren Buffett-backed BYD Co., Ltd, Geely, and more.
• Modine Manufacturing Company MOD gained 7% to $26.14. Modine Manufacturing reported better-than-expected quarterly financial results.
• Booz Allen Hamilton Holding Corporation BAH rose 6.2% to $95.40 after the company reported better-than-expected quarterly EPS and sales results and issued guidance.

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