Boeing Posts Upbeat Results, Joins Stryker, Automatic Data Processing And Other Big Stocks Moving Higher On Wednesday

U.S. stocks traded mostly lower, with the Nasdaq Composite falling over 200 points on Wednesday.

Shares of The Boeing Company BA rose during Wednesday’s session following upbeat results.

The company reported a fourth-quarter revenue increase of 10% year-over-year to $22.02 billion, beating the consensus of $21.10 billion. Adjusted loss per share contracted to 47 cents from $1.75 in same quarter 2022, beating the consensus of 78 cents.

Boeing shares surged 4.7% to $209.79 on Wednesday.

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

• Powell Industries, Inc. POWL shares climbed 49% to $121.89 after the company reported better-than-expected first-quarter financial results and raised its quarterly dividend.
• Plug Power Inc. PLUG gained 17.8% to $4.3950 after Roth MKM upgraded the stock from Neutral to Buy and raised its price target from $4.5 to $9.
• DocGo Inc. DCGO shares rose 15.8% to $3.9497 after the company announced a share buyback program of up to $36 million.
• Ashland Inc. ASH gained 14.5% to $92.50 after the company reported mixed first-quarter financial results and issued guidance.
• Jin Medical International Ltd. ZJYL climbed 12.5% to $236.64.
• LendingClub Corporation LC climbed 12.3% to $9.81 after the company reported better-than-expected quarterly financial results.
• Nomura Holdings, Inc. NMR gained 12.2% to $5.84 following third-quarter results.
• Paramount Global PARA climbed 10.4% to $15.10 following reports suggesting Byron Allen made a $14 billion offer to acquire Paramount Global.
• Silence Therapeutics plc SLN gained 10.3% to $21.51 after BMO Capital initiated coverage on the stock with an Outperform rating and $67 price target.
• NaaS Technology Inc. NAAS jumped 9.7% to $1.5689.
• Humacyte, Inc. HUMA gained 9% to $3.4758.
• Sunnova Energy International Inc. NOVA jumped 8.8% to $11.89.
• Ermenegildo Zegna N.V. ZGN gained 8.5% to $12.48 after the company reported quarterly financial results.
• RenaissanceRe Holdings Ltd. RNR climbed 8% to $232.15 following upbeat earnings.
• Manhattan Associates, Inc. MANH gained 7.1% to $239.67 as the company reported better-than-expected fourth-quarter results on Tuesday.
• Stryker Corporation SYK rose 5.8% to $335.28 after the company reported better-than-expected fourth-quarter financial results.
• Celestica Inc. CLS gained 5.7% to $35.00. RBC Capital analyst Maxim Matushansky maintained Celestica with an Outperform and raised the price target from $33 to $38.
• Automatic Data Processing, Inc. ADP gained 4.5% to $249.30 following upbeat earnings.
• Teva Pharmaceutical Industries Limited TEVA gained 4% to $12.19 after the company reported quarterly results and issued guidance.

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