Snowflake, Beazer Homes, Joby Aviation And Other Big Stocks Moving Higher On Wednesday

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

• Minerva Neurosciences, Inc. NERV climbed 46.2% to $8.80. Minerva Neurosciences announced $20 million in private placement priced at a premium to market.
• Joby Aviation, Inc. JOBY rose 26.4% to $8.08 after the company announced it received a permit that allows the company to begin flight testing of its first production prototype.
• Xponential Fitness, Inc. XPOF rose 18.1% to $18.57.
• Archer Aviation Inc. ACHR gained 15.6% to $3.92. Stellantis reported a 10.6% stake in Archer Aviation Class A Common Stock as of June 23.
• Opendoor Technologies Inc. OPEN climbed 13.3% to $3.8550.
• Viad Corp VVI rose 10.5% to $26.82. Craig-Hallum initiated coverage on Viad with a Buy rating and announced a price target of $40.
• Beazer Homes USA, Inc. BZH surged 10.2% to $27.15. Wedbush upgraded Beazer Homes USA from Neutral to Outperform.
• Carvana Co. CVNA rose 8.8% to $26.44.
• Overstock.com, Inc. OSTK gained 8.7% to $26.17. U.S. bankruptcy judgehas reportedly approved Overstock.com’s acquisition of Bed Bath & Beyond brand name, intellectual property, and e-commerce platform.
• Viking Therapeutics, Inc. VKTX gained 7.8% to $16.00.
• Energy Vault Holdings, Inc. NRGV rose 7.7% to $2.37.
• Snowflake Inc. SNOW gained 7.5% to $190.21 amid bullish analyst reactions following Tuesday's investor day.
• Global Blue Group Holding AG GB rose 7.4% to $4.81. Global Blue Group Holding reported fourth-quarter revenue growth of 121.4% year-over-year to $93.2 million.
• Squarespace, Inc. SQSP gained 7.3% to $29.78 after B. Riley Securities initiated coverage on the stock with a Buy rating and announced a $40 price target.
• Pinterest, Inc. PINS gained 6.1% to $28.00 after Wells Fargo upgraded the stock to Overrweight from Equal-Weight.
• MongoDB, Inc. MDB surged 5.3% to $408.81.

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