REX American Resources Reports Upbeat Earnings, Joins Avalo Therapeutics, RH And Other Big Stocks Moving Higher On Thursday

U.S. stocks were slightly higher, with the S&P 500 gaining around 0.1% on Thursday.

Shares of REX American Resources Corporation REX rose sharply during Thursday’s session following upbeat quarterly earnings.

REX American Resources posted quarterly GAAP earnings of $1.16 per share, versus market estimates of 68 cents per share, according to data from Benzinga Pro.

REX American Resources shares jumped 23.2% to $54.15 on Thursday.

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

• Avalo Therapeutics, Inc. AVTX shares gained 430% to $25.35 after the company announced it acquired a Phase 2-ready anti-IL-1β mAb, which it refers to as AVTX-009, through the acquisition of privately held AlmataBio. The company also announced a private placement financing of up to $185 million.
• Hut 8 Corp. HUT surged 20.4% to $11.87. Hut 8 Corp reported revenue of C$60.6 million for the six months ended Dec. 31, 2023.
• RH RH gained 16.2% to $344.99 following the release of quarterly results. RH posted weaker-than-expected results for its fourth quarter, but issued upbeat forecast.
• Sutro Biopharma, Inc. STRO climbed 14.4% to $5.64. Oppenheimer analyst Jay Olson maintained Sutro Biopharma with an Outperform and maintained a $10 price target.
• Nikola Corporation NKLA rose 12.7% to $1.0250.
• OPKO Health, Inc. OPK rose 12.1% to $1.1996. Labcorp announced acquisition of select assets of BioReference Health's Diagnostics Business.
• Altimmune, Inc. ALT gained 11.4% to $9.90. Altimmune recently released lean mass preservation data for pemvidutide and worse-than-expected fourth-quarter FY23 earnings.
• Marathon Digital Holdings, Inc. MARA climbed 10.4% to $24.37.
• Guardant Health, Inc. GH gained 8.4% to $19.48.
• Opendoor Technologies Inc. OPEN surged 8% to $3.1850.
• Arhaus, Inc. ARHS gained 7.7% to $15.94.
• Riot Platforms, Inc. RIOT rose 6.8% to $13.07.
• BRP Inc. DOOO gained 6.4% to $67.74 after the company reported fourth-quarter results.
• Encompass Health Corporation EHC gained 5.8% to $82.06. Barclays analyst Andrew Mok maintained Encompass Health with an Overweight and raised the price target from $95 to $101.
• The Estée Lauder Companies Inc. EL rose 5.4% to $152.85 after B of A Securities upgraded the stock from Neutral to Buy and raised its price target from $160 to $170.
• Exact Sciences Corporation EXAS gained 4.7% to $70.01.

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