La-Z-Boy Posts Upbeat Earnings, Joins Victoria's Secret, Snowflake And Other Big Stocks Moving Higher On Thursday

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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