Signet Jewelers, Shopify, Ciena And Other Big Stocks Moving Higher On Thursday

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

• Canopy Growth Corporation CGC jumped 31% to $0.59 after the HHS called for moving marijuana to a lower-risk drug category.
• Microvast Holdings, Inc. MVST gained 18.3% to $2.14 after Janney Montgomery Scott initiated coverage on the stock with a Buy rating and $8 price target.
• Caleres, Inc. CAL surged 15.5% to $28.58 after the company reported mixed second-quarter earnings and reiterated 2023 guidance.
• Ciena Corporation CIEN shares rose 15% to $49.60 after the company reported upbeat third-quarter results.
• Tilray Brands, Inc. TLRY climbed 14% to $3.03 after the HHS called for moving marijuana to a lower-risk drug category.
• KE Holdings Inc. BEKE rose 13.3% to $17.74 after the company reported quarterly earnings, upsized an existing share repurchase program and declared a special dividend.
• Okta, Inc. OKTA shares gained 13% to $83.15 after the company reported better-than-expected second-quarter financial results and raised FY24 guidance above estimates.
• 1-800-FLOWERS.COM, Inc. FLWS jumped 12.8% to $7.88 after the company reported mixed fourth-quarter results.
• SNDL Inc. SNDL gained 12.5% to $1.8681 after the HHS called for moving marijuana to a lower-risk drug category.
• Infinera Corporation INFN rose 12.2% to $4.7250.
• Titan Machinery Inc. TITN climbed 11.6% to $32.46 after the company reported better-than-expected second-quarter results.
• Academy Sports and Outdoors, Inc. ASO rose 11.4% to $55.64 as the company reported a second-quarter FY23 sales decline of 6.2% year-on-year to $1.58 billion, in line with the analyst consensus estimate.
• Genesco Inc. GCO rose 11% to $32.39 after the company reported better-than-expected second-quarter results.
• Victoria's Secret & Co. VSCO gained 10.2% to $19.75 following quarterly results.
• Cronos Group Inc. CRON jumped 10.2% to $2.0603. Shares of cannabis stocks traded higher after the HHS called for moving marijuana to a lower-risk drug category.
• CrowdStrike Holdings, Inc. CRWD gained 9.2% to $162.88 after the company reported better-than-expected second-quarter results and issued guidance above estimates.
• Shopify Inc. SHOP gained 8.8% to $65.35 after it collaborated with Amazon.Com Inc to streamline the shopping process for Prime members.
• Angi Inc. ANGI jumped 8.2% to $2.51.
• Veeva Systems Inc. VEEV climbed 8.1% to $208.18 after the company reported a second-quarter earnings beat and issued guidance above estimates. Several analysts raised their price targets on the stock following the report.
• Signet Jewelers Limited SIG gained 8% to $77.16 following better-than-expected quarterly results.
• Ollie's Bargain Outlet Holdings, Inc. OLLI gained 7.6% to $80.59 following strong quarterly results.
• Hibbett, Inc. HIBB gained 6.7% to $45.90.
• Western Digital Corporation WDC jumped 6% to $45.08.

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