U.S. stocks traded mostly higher, with the Dow Jones index gaining around 200 points on Thursday.
Shares of La-Z-Boy Incorporated LZB moved higher on Thursday as the company reported upbeat earnings results for its second quarter and increased its quarterly cash dividend by 10%.
La-Z-Boy posted adjusted earnings of 74 cents per share, beating market estimates of 62 cents per share. The company’s quarterly sales came in at $511.44 million versus estimates of $502.33 million.
La-Z-Boy shares gained 7.5% to $34.08 on Thursday.
Here are some other big stocks recording gains in today’s session.
- ImmunoGen, Inc. IMGN shares surged 80% to $28.89 after AbbVie announced it will acquire the company in a transaction valued at $31.26 per share in cash.
- REX American Resources Corporation REX shares rose 30.7% to $48.22 following strong third-quarter results.
- Zuora, Inc. ZUO climbed 19.5% to $9.98 after the company reported better-than-expected third-quarter financial results and issued guidance.
- SpringWorks Therapeutics, Inc. SWTX rose 18.3% to $31.75.
- The InterGroup Corporation INTG climbed 13.7% to $25.50.
- Victoria's Secret & Co. VSCO surged 13.6% to $26.80 following third-quarter results.
- VinFast Auto Ltd. VFS rose 11.7% to $8.44 after gaining around 8% on Wednesday.
- Farfetch Limited FTCH gained 11.2% to $1.0842.
- Bicycle Therapeutics plc BCYC rose 11% to $15.01.
- MorphoSys AG MOR surged 10.7% to $6.59.
- QuinStreet, Inc. QNST gained 10.4% to $12.67. B. Riley Securities upgraded QuinStreet from Neutral to Buy and raised the price target from $11 to $19.
- Salesforce, Inc. CRM shares climbed 8.4% to $249.69 after the company reported third-quarter financial results and issued FY24 guidance above estimates.
- EverQuote, Inc. EVER gained 7.8% to $10.33. B. Riley upgraded EverQuote from Neutral to Buy and raised the price target from $8 to $14.
- Petco Health and Wellness Company, Inc. WOOF rose 7.7% to $2.9397.
- Oatly Group AB OTLY rose 7.5% to $1.0750.
- Snowflake Inc. SNOW surged 7.1% to $187.76 after the company reported better-than-expected third-quarter financial results and issued guidance.
- Snap Inc. SNAP rose 6.6% to $13.85 after Jefferies upgraded the stock from Hold to Buy and raised its price target from $12 to $16.
- PVH Corp. PVH gained 6.2% to $97.16 following upbeat earnings.
- COMPASS Pathways plc CMPS gained 6.2% to $6.30.
- Nutanix, Inc. NTNX gained 5% to $43.61 after the company reported better-than-expected first-quarter financial results and raised FY24 revenue guidance.
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