NetApp, Hormel Foods, Pure Storage And Other Big Stocks Moving Higher On Thursday

U.S. stocks traded mostly lower, with the Dow Jones dropping over 100 points on Thursday. Here are some big stocks recording gains in today’s session.

• QuantaSing Group Limited QSG rose 30.8% to $11.24 after the company reported third-quarter financial results and issued guidance.
• Chewy, Inc. CHWY shares jumped 24.2% to $36.62 after the company reported a year-over-year increase in first-quarter EPS results and better-than-expected sales results.
• Lands' End, Inc. LE gained 23.1% to $7.72 following upbeat first-quarter results.
• Pure Storage, Inc. PSTG rose 16% to $33.43 after the company reported better-than-expected first-quarter financial results and issued guidance.
• Kingsoft Cloud Holdings Limited KC shares surged 14.6% to $5.11. The China-based technology firm recently reported a first-quarter FY23 revenue of $271.48 million, missing the consensus of $282.80 million.
• Veeva Systems Inc. VEEV gained 12.8% to $186.93 after the company reported better-than-expected first-quarter results and issued strong EPS guidance.
• Credo Technology Group Holding Ltd CRDO surged 11.5% to $14.97 following upbeat quarterly sales.
• Uranium Energy Corp. UEC rose 10% to $2.85.
• Alteryx, Inc. AYX gained 9.8% to $42.77. B of A Securities upgraded Alteryx from Neutral to Buy and raised the price target from $60 to $70.
• OraSure Technologies, Inc. OSUR climbed 9.5% to $5.51.
• Frontline plc FRO gained 9.4% to $15.46.
• Aehr Test Systems AEHR surged 9.4% to $36.13. Aehr Test Systems reported new customer and initial order for FOX-XP multi-wafer test and burn-in system for volume production of silicon carbide MOSFETs.
• NexGen Energy Ltd. NXE gained 9.3% to $4.22.
• Opera Limited OPRA gained 8.9% to $17.15. TD Cowen maintained Opera with an Outperform and raised the price target from $14 to $19.
• DHT Holdings, Inc. DHT rose 7.8% to $8.29. DHT Holdings reported acquisition of 2018 built VLCC for $94.5 million.
• NetApp, Inc. NTAP gained 7.8% to $71.52 after the company reported better-than-expected fourth-quarter financial results and issued guidance.
• Hormel Foods Corporation HRL climbed 7% to $40.91 following second-quarter results.

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