AT&T, Carvana, Northern Trust, And Other Big Stocks Moving Higher On Wednesday

U.S. stocks traded higher, with the Dow Jones gaining over 250 points on Wednesday. Here are some big stocks recording gains in today’s session.

• Carvana Co. CVNA shares climbed 32.3% to $52.67 after the company reported better-than-expected second-quarter sales and guided positive adj. EBITDA for the third quarter. Carvana entered into distribution agreement with Citigroup, Moelis relating to offering of up to $1 billion of class A common stock.
• Frontier Communications Parent, Inc. FYBR shares surged 20.2% to $14.55.
• Harrow Health, Inc. HROW rose 17.3% to $21.43 after the company acquired US & Canadian rights to certain eye disease products and announced $60 million equity offering.
• Lumen Technologies, Inc. LUMN climbed 16% to $1.8750.
• Ribbon Communications Inc. RBBN gained 15.7% to $3.4490. Powerlink Queensland selected Ribbon's IP wave solutions to transform operational network.
• bluebird bio, Inc. BLUE shares gained 15% to $3.62. B of A Securities upgraded bluebird bio from Neutral to Buy and raised the price target from $6 to $10.
• Canoo Inc. GOEV gained 15% to $0.8021.
• Recursion Pharmaceuticals, Inc. RXRX surged 13.2% to $15.44.
• Proterra Inc. PTRA rose 12% to $1.5790.
• Westport Fuel Systems Inc. WPRT climbed 10.7% to $10.79. Volvo and Westport Fuel System signed a Letter of Intent to establish joint venture to reduce CO2 emissions from long-haul transport.
• Rackspace Technology, Inc. RXT gained 9.3% to $2.94.
• ImmunityBio, Inc. IBRX climbed 9% to $3.24.
• Northern Trust Corporation NTRS rose 9% to $78.12 following second-quarter earnings.
• ADMA Biologics, Inc. ADMA gained 8.6% to $3.88. The FDA has approved ADMA Biologics' ninth ADMA BioCenters plasma collection facility located in Dallas, GA.
• Vroom, Inc. VRM shares jumped 8.4% to $2.43 following strong quarterly results from Carvana. Vroom and Carvana both operate online used car retail platforms.
• AT&T Inc. T gained 7.4% to $14.45 after the company said less than 10% of its nationwide copper-wire telecom network has lead-clad cables in response to a last week story.
• Peloton Interactive, Inc. PTON gained 7.3% to $9.57.
• Elevance Health, Inc. ELV shares gained 6.7% to $473.31 after the company reported better-than-expected second-quarter financial results and raised guidance.
• VMware, Inc. VMW rose 5.5% to $167.27 after the UK's Competition and Markets Authority (CMA) provisionally cleared Broadcom Inc AVGO to buy the company.

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