Toro Posts Upbeat Results, Joins Clear Channel Outdoor, Marathon Digital And Other Big Stocks Moving Higher On Wednesday

U.S. stocks traded mixed, with the Dow Jones index falling around 50 points on Wednesday.

Shares of The Toro Company TTC rose sharply during Wednesday’s session after the company reported better-than-expected fourth-quarter financial results and issued guidance.

Toro posted adjusted earnings of 71 cents per share, beating market estimates of 56 cents per share. The company’s quarterly sales came in at $983.20 million versus expectations of $973.65 million, according to Benzinga Pro.

Toro shares surged 8.2% to $96.54 on Wednesday.

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

• Conduit Pharmaceuticals Inc. CDT climbed 35% to $5.65.
• Canaan Inc. CAN rose 20.8% to $2.6950.
• MacroGenics, Inc. MGNX jumped 12.7% to $10.41. Citigroup upgraded Macrogenics from Neutral to Buy and raised the price target from $7 to $13.
• Clear Channel Outdoor Holdings, Inc. CCO surged 12.5% to $1.89. Clear Channel Outdoor named David Sailer as Executive Vice President, CFO, effective as of March 1, 2024 and reaffirmed guidance for FY23.
• Liquidia Corporation LQDA rose 11.5% to $8.79.
• Despegar.com, Corp. DESP climbed 11% to $10.10. B. Riley Securities maintained Despegar.com with a Buy and raised the price target from $12 to $15.
• Innoviz Technologies Ltd. INVZ gained 10.2% to $2.9214.
• HIVE Digital Technologies Ltd. HIVE rose 9.9% to $4.2090. HIVE Digital recently announced a $25 million bought deal private placement of 5m special warrants at a price of $5/warrant financing.
• ImmunityBio, Inc. IBRX gained 9.6% to $4.67.
• Oddity Tech Ltd. ODD gained 8.5% to $47.82.
• Wheels Up Experience Inc. UP gained 8.2% to $2.37.
• TeraWulf Inc. WULF rose 6.1% to $2.10.
• Marathon Digital Holdings, Inc. MARA gained 6.1% to $23.30 after HC Wainwright & Co maintained a Buy rating on the stock and raised its price target from $20 to $24.
• EnerSys ENS gained 5.6% to $102.22. Oppenheimer maintained EnerSys with an Outperform and raised the price target from $110 to $116.
• Exact Sciences Corporation EXAS rose 5% to $72.81.
• WW International, Inc. WW gained 4.1% to $8.72.

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