Ecolab Posts Strong Results, Joins Masonite International, Impinj And Other Big Stocks Moving Higher On Tuesday

U.S. stocks were lower, with the Dow Jones index dipping more than 500 points on Tuesday.

Shares of Ecolab Inc. ECL rose during Tuesday’s session after the company reported better-than-expected fourth-quarter financial results and issued first-quarter adjusted EPS guidance above estimates.

Ecolab posted adjusted earnings of $1.55 per share, beating market estimates of $1.54 per share. The company’s quarterly sales came in at $3.94 billion versus estimates of $3.93 billion, according to data from Benzinga Pro.

Ecolab shares gained 6.4% to $216.00 on Tuesday.

Here are some other big stocks recording gains in today’s session.

• Whole Earth Brands, Inc. FREE gained 35.3% to $4.75. Whole Earth Brands signed a definitive agreement to be acquired by affiliates of Sababa Holdings FREE, LLC for $4.875 per share in an all-cash transaction.
• Larimar Therapeutics, Inc. LRMR jumped 25.4% to $9.82. JMP Securities analyst Jonathan Wolleben maintained Larimar Therapeutics with a Market Outperform and raised the price target from $17 to $25.
• Jin Medical International Ltd. ZJYL rose 22.4% to $10.17.
• Tripadvisor, Inc. TRIP shares gained 18.5% to $26.50 after the company announced it formed a Special Committee of independent members of its board of directors to evaluate proposals.
• LianBio LIAN climbed 17.8% to $4.76. LianBio completed strategic review and determined to initiate the wind down of its operations, including sale of remaining pipeline assets, delisting of ADSs and workforce reductions.
• JetBlue Airways Corporation JBLU shares gained 13.5% to $6.89 after Carl Icahn disclosed a 9.91% stake in the company in a 13D filing on Monday.
• Procaps Group S.A. PROC gained 11.6% to $3.28.
• ZoomInfo Technologies Inc. ZI climbed 10.3% to $17.68 as the company reported stronger-than-expected fourth-quarter financial results.
• Bruker Corporation BRKR gained 9.9% to $77.60 following upbeat results.
• WK Kellogg Co KLG surged 9.2% to $13.77 following strong sales.
• Medpace Holdings, Inc. MEDP gained 8.9% to $353.18 following upbeat earnings.
• Aspen Aerogels, Inc. ASPN rose 8.8% to $13.49 following strong results.
• Korro Bio, Inc. KRRO gained 7.3% to $58.99.
• Ramaco Resources, Inc. METC rose 6.5% to $18.01 after the company issued guidance update on the fourth quarter and FY23 results.
• Manchester United plc MANU rose 6.4% to $20.86.
• Value Line, Inc. VALU gained 6% to $44.54.
• Waste Management, Inc. WM rose 4.7% to $197.12 following upbeat results.

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