Alphabet, Boeing, Union Pacific And Other Big Stocks Moving Higher On Wednesday

U.S. stocks traded mixed, with the Dow Jones gaining around 50 points on Wednesday. Here are some big stocks recording gains in today’s session.

• Silicon Motion Technology Corporation SIMO shares surged 78.9% to $93.40 following a report suggesting China approval of the company's Maxlinear merger.
• Vicor Corporation VICR shares gained 48.3% to $88.12 after the company posted better-than-expected second-quarter results.
• PacWest Bancorp PACW shares rose 25.6% to $9.66 after the company announced a merger with Banc of California. PacWest Bancorp also reported upbeat quarterly earnings.
• Teladoc Health, Inc. TDOC gained 25.7% to $28.65 following better-than-expected quarterly results.
• XPeng Inc. XPEV jumped 25% to $19.20 after the company and Volkswagen signed a framework agreement for technical collaboration. Volkswagen will acquire 4.99% of Xpeng's outstanding share capital for $700 million.
• PROG Holdings, Inc. PRG climbed 18.8% to $43.11 after the company reported better than expected second-quarter earnings and revised guidance.
• Flushing Financial Corporation FFIC shares rose 18.7% to $16.39. Shares of bank stocks traded higher after Banc of California and PacWest announced a merger agreement.
• WW International, Inc. WW surged 18.2% to $11.73 after Morgan Stanley upgraded the stock from Equal-Weight to Overweight and raised its price target from $5 to $13.
• Tilray Brands, Inc. TLRY shares gained 16.6% to $1.96 following upbeat quarterly sales.
• Premier Financial Corp. PFC jumped 14.2% to $21.75. Shares of bank stocks traded higher after Banc of California and PacWest announced a merger agreement.
• Live Oak Bancshares, Inc. LOB climbed 12.6% to $34.90 following strong quarterly results.
• Invitae Corporation NVTA gained 11.8% to $1.42.
• NIO Inc. NIO gained 10.9% to $13.21.
• RPM International Inc. RPM gained 10.2% to $103.09 after the company reported strong fourth-quarter results.
• Western Alliance Bancorporation WAL gained 10.2% to $51.98.
• Union Pacific Corporation UNP rose 10% to $237.18 after the company reported second-quarter results and named Jim Vena as the new CEO.
• Oddity Tech Ltd. ODD gained 9.8% to $53.04.
• Hanesbrands Inc. HBI surged 9.5% to $5.29.
• LivaNova PLC LIVN gained 9.5% to $58.71 following strong second-quarter results.
• USANA Health Sciences, Inc. USNA rose 8.8% to $69.00 following upbeat quarterly earnings.
• Tenable Holdings, Inc. TENB climbed 8.7% to $47.57 after the company reported better-than-expected third-quarter earnings and issued strong guidance.
• Lithia Motors, Inc. LAD shares surged 8.7% to $317.89 following strong quarterly results.
• Apellis Pharmaceuticals, Inc. APLS jumped 8.4% to $32.76.
• TPI Composites, Inc. TPIC rose 7.7% to $10.76.
• Tower Semiconductor Ltd. TSEM surged 7.4% to $37.34 after the Intel Corp acquisition target reported mixed second-quarter results.
• The Gap, Inc. GPS gained 7.3% to $9.88 after the company appointed Richard Dickson as President and CEO.
• The Boeing Company BA climbed 7% to $229.18 after the company reported better-than-expected second-quarter results.
• KeyCorp KEY gained 6.7% to $12.40.
• Ryder System, Inc. R rose 6.7% to $97.92 following strong earnings.
• Automatic Data Processing, Inc. ADP gained 6.3% to $255.66. ADP posted better-than-expected fourth-quarter results.
• Alphabet Inc. GOOGL shares gained 6.2% to $129.76 after the company reported better-than-expected second-quarter results.
• Chubb Limited CB gained 5.5% to $206.24 after the company reported better-than-expected second-quarter results.
• Owens Corning OC rose 5% to $137.27. Owens Corning second-quarter FY23 net sales inched down by 1.5% year-over-year to $2.56 billion, beating the consensus of $2.54 billion.

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