U.S. stocks were higher, with the Dow Jones index gaining around 300 points on Wednesday.
Shares of Cintas Corporation CTAS rose sharply during Wednesday’s session after the company reported better-than-expected third-quarter financial results and raised FY24 guidance.
Cintas posted GAAP earnings of $3.84 per share, beating market estimates of $3.59 per share. The company’s quarterly sales came in at $2.406 billion, versus expectations of $2.386 billion, according to data from Benzinga Pro.
Cintas shares climbed 9.7% to $694.62 on Wednesday.
Here are some other big stocks recording gains in today’s session.
- PaySign, Inc. PAYS shares jumped 28.2% to $4.3299 after the company announced better-than-expected fourth-quarter results.
- Noah Holdings Limited NOAH climbed 17.5% to $11.89 after the company reported fourth quarter financial results.
- NuScale Power Corporation SMR gained 17.5% to $4.89.
- The ONE Group Hospitality, Inc. STKS shares climbed 17.2% to $4.70 after the company announced that it will acquire Safflower Holdings.
- Trump Media & Technology Group Corp. DJT climbed 16.7% to $67.68 after jumping 16% on Tuesday.
- nCino, Inc. NCNO rose 15.2% to $34.78 as the company reported better-than-expected fourth-quarter results and issued FY25 adjusted earnings guidance above estimates..
- Lexicon Pharmaceuticals, Inc. LXRX gained 11.6% to $2.22.
- Nuvation Bio Inc. NUVB rose 11.3% to $3.2050 after Jefferies upgraded the stock from Hold to Buy and raised its price target from $1.40 to $10.
- Annexon, Inc. ANNX gained 10.6% to $7.61 following quarterly results.
- NovoCure Limited NVCR gained 8.6% to $14.19 after the company's METIS Phase 3 trial met primary endpoint, demonstrating statistically significant extension in time to intracranial progression for brain metastases from non-small cell lung cancer.
- Akebia Therapeutics, Inc. AKBA gained 8% to $2.16.
- Semtech Corporation SMTC shares gained 7.8% to $27.12.
- Marvell Technology, Inc. MRVL rose 5.6% to $72.04.
- The E.W. Scripps Company SSP gained 5.6% to $3.8650.
- Wayfair Inc. W rose 5.4% to $68.27.
- Merck & Co., Inc. MRK gained 4.4% to $131.09 after the company received FDA approval for Winrevair (sotatercept) for adults with pulmonary arterial hypertension.
- Kohl's Corporation KSS rose 4.1% to $27.36.
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