AeroVironment, Daktronics, GitLab And Other Big Stocks Moving Higher On Wednesday

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

• AeroVironment, Inc. AVAV shares surged 28.7% to $122.65 after the company reported better-than-expected results for its first quarter.
• Mitek Systems, Inc. MITK shares jumped 15% to $13.00 after the company posted first-quarter results and raised FY23 guidance.
• NextGen Healthcare, Inc. NXGN gained 14.5% to $23.54 after the company agreed to be acquired by Thoma Bravo for $23.95 per share in cash.
• Gogo Inc. GOGO rose 14.5% to $12.75. Gogo announced a $50 million share repurchase program.
• Hitek Global Inc. HKIT jumped 11.5% to $30.50.
• Bridger Aerospace Group Holdings, Inc. BAER climbed 9.6% to $7.68.
• Shengfeng Development Limited SFWL gained 9.3% to $9.30.
• Waldencast plc WALD jumped 8.3% to $7.99.
• Roku, Inc. ROKU rose 7.8% to $90.22 after the company disclosed plans to cut workforce by 10% and raised third-quarter revenue guidance above the consensus.
• Beneficient BENF gained 7.2% to $3.28.
• Daktronics, Inc. DAKT jumped 7.2% to $8.98 following strong quarterly results.
• Consolidated Water Co. Ltd. CWCO surged 7% to $29.57.
• Canopy Growth Corporation CGC gained 6% to $0.7250, driven by the recent, strong performance of the cannabis sector.
• GitLab Inc. GTLB gained 5.6% to $52.51 following better-than-expected second-quarter results. The company also issued strong guidance for FY24.
• DexCom, Inc. DXCM rose 5.6% to $105.98. UBS maintained DexCom with a Buy and lowered the price target from $175 to $138.

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