NIO, XPeng, MongoDB And Other Big Stocks Moving Higher On Friday

U.S. stocks traded higher, with the Dow Jones gaining around 200 points on Friday. Here are some big stocks recording gains in today’s session.

• Eos Energy Enterprises, Inc. EOSE shares surged 29.5% to $4.21 after the company announced 'Project AMAZE,' a $500 million program to address long-duration energy storage demand.
• Dell Technologies Inc. DELL jumped 22.2% to $73.37 after the company reported better-than-expected second-quarter results and raised its outlook for the year.
• Elastic N.V. ESTC shares climbed 18.5% to $73.37 after the company reported better-than-expected second-quarter results and raised FY24 adj. EPS guidance.
• Butterfly Network, Inc. BFLY gained 14.2% to $2.02.
• Nutanix, Inc. NTNX shares jumped 14.1% to $35.48 as the company reported stronger-than-expected fourth-quarter financial results and announced a $350 million share repurchase program.
• A-Mark Precious Metals, Inc. AMRK rose 13.7% to $38.82 following strong quarterly results.
• Shengfeng Development Limited SFWL gained 13.4% to $6.86.
• Lufax Holding Ltd LU jumped 12% to $1.35. Shares of Chinese stocks traded higher after China cut the minimum down payment on mortgages as part of stimulus measures.
• UP Fintech Holding Limited TIGR gained 11.6% to $5.48.
• Samsara Inc. IOT climbed 10.6% to $30.28. Samsara reported second-quarter revenue growth of 43% Y/Y to $219.3 million, beating the consensus of $207.49 million.
• The Lovesac Company LOVE rose 9.7% to $25.14. Lovesac sees preliminary second-quarter net sales of $154 million.
• TAL Education Group TAL climbed 9.2% to $7.70. Shares of Chinese stocks traded higher after China cut the minimum down payment on mortgages as part of stimulus measures.
• Full Truck Alliance Co. Ltd. YMM gained 8.8% to $7.28.
• XPeng Inc. XPEV climbed 8.4% to $19.28 after the company reported August deliveries, which grew 43% year over year.
• NIO Inc. NIO rose 8% to $ 11.09. NIO delivered 19,329 vehicles in August 2023, increasing by 81% year-over-year.
• Weibo Corporation WB gained 6.9% to $13.79.
• Oceaneering International, Inc. OII jumped 6.1% to $ 24.19.
• MongoDB, Inc. MDB gained 5.4% to $401.78 after the company reported better-than-expected second-quarter financial results and issued FY24 adjusted EPS and sales guidance above estimates.

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