Transocean, Wolfspeed, TETRA Technologies And Other Big Stocks Moving Higher On Wednesday

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

• Allarity Therapeutics, Inc. ALLR shares gained 87% to $11.78 after the company said the initial data from Phase 2 trial of Ixempra shows potential for improved clinical benefit in DRP-selected metastatic breast cancer patients.
• TMC the metals company Inc. TMC climbed 21% to $2.36. On June 30, the company received written notice from Nasdaq notifying that it has regained compliance with minimum bid requirement.
• Pegasystems Inc. PEGA rose 14% to $55.87. Wedbush upgraded Pegasystems from Neutral to Outperform.
• Wolfspeed, Inc. WOLF jumped 12.7% to $63.97 after the company announced a 10-year silicon carbide wafer supply deal with Renesas Electronics Corporation.
• IonQ, Inc. IONQ rose 10.5% to $14.92.
• Digital World Acquisition Corp. DWAC gained 10% to $13.92. New reports indicate the company reached a settlement with the U.S. Securities and Exchange Commission (SEC).
• Sify Technologies Limited SIFY rose 9.7% to $2.38.
• Opera Limited OPRA climbed 9.2% to $23.48.
• XPeng Inc. XPEV rose 8.3% to $15.15. Xpeng sees sharp growth in deliveries during the second half of the year.
• Wallbox N.V. WBX gained 8.1% to $3.8698.
• Trinity Capital Inc. TRIN rose 7.8% to $14.82. Jefferies initiated coverage on Trinity Cap with a Buy rating and announced a price target of $15.
• Navitas Semiconductor Corporation NVTS climbed 6.3% to $11.05. Navitas confirmed continued supply of leading-edge gallium nitride power ICs.
• TETRA Technologies, Inc. TTI rose 6.1% to $3.6050. Tetra Technologies raised its expectations for the second quarter on strong operational performance.
• Transocean Ltd. RIG climbed 5.8% to $7.38 after Citigroup upgraded the stock from Neutral to Buy and raised its price target from $6.5 to $9.5. The company also announced that $172 million in options have been exercised for the Transocean Encourage in Norway.
• Nikola Corporation NKLA gained 3.7% to $1.42 after reports indicated its plans to liquidate the assets of battery maker Romeo Power less than a year after buying it.

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