Marvell Technology Posts Upbeat Sales, Joins MongoDB, Intel, MINISO Group And Other Big Stocks Moving Higher On Friday

U.S. stocks were higher, with the Nasdaq Composite gaining around 150 points on Friday.

Shares of Marvell Technology, Inc. MRVL rose during Friday's session after the company reported better-than-expected quarterly sales results.

Marvell reported quarterly GAAP earnings of 30 cents per share, in-line with the analyst consensus estimate. Quarterly sales came in at $1.27 billion, which beat the analyst consensus estimate by 1.65%.

Marvell Technology shares gained 6.1% to $74.09 on Friday.

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

• Leslie’s, Inc. LESL shares jumped 18.2% to $2.9552.
• MongoDB, Inc. MDB gained 15.8% to $284.62 after the company reported better-than-expected second-quarter financial results and issued strong guidance on Thursday.
• Intuitive Machines, Inc. LUNR jumped 15.3% to $5.56 after the company was awarded a $116.9 million NASA contract to deliver six science and technology payloads to the Moon.
• Polestar Automotive Holding UK PLC PSNY gained 10.7% to $1.1850. Cantor Fitzgerald analyst Andres Sheppard reiterated Polestar Automotive with an Overweight and maintained a $3 price target.
• BridgeBio Pharma, Inc. BBIO gained 10.1% to $27.09 in reaction to Alnylam Pharmaceuticals’ detailed data from HELIOS-B Phase 3 study of vutrisiran. BridgeBio Pharma has ATTR-CM therapy acoramidis, currently under FDA priority review with an action date of November 29.
• Cool Company Ltd. CLCO rose 9.6% to $12.06. Cool Co recently reported better-than-expected quarterly sales.
• ZEEKR Intelligent Technology Holding Limited ZK gained 8.3% to $17.54.
• Highest Performances Holdings Inc. HPH rose 7.9% to $1.9638.
• Titan Machinery Inc. TITN gained 7.9% to $15.36.
• Intel Corporation INTC rose 7.8% to $21.70 following a report suggesting the company is weighing options including splitting its product design and manufacturing businesses.
• Banco Macro S.A. BMA gained 7.8% to $60.07. JP Morgan analyst Domingos Falavina upgraded Banco Macro from Underweight to Neutral and raised the price target from $14 to $78.
• MINISO Group Holding Limited MNSO gained 5.5% to $17.23 after the company reported fourth-quarter financial results and announced a share repurchase program of HK$2 billion.
• Frontline plc FRO gained 4.6% to $24.41 following strong quarterly sales.
• Autodesk, Inc. ADSK rose 4% to $268.33 as the company posted better-than-expected second-quarter EPS and revenues on Thursday.
• CrowdStrike Holdings, Inc. CRWD gained 4% to $282.45. HSBC analyst Stephen Bersey upgraded CrowdStrike from Hold to Buy and raised the price target from $302 to $339.

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