U.S. stocks were lower, with the Nasdaq Composite falling over 50 points on Thursday.
Shares of Ally Financial Inc. ALLY rose sharply during Thursday's session after the company reported better-than-expected quarterly financial results.
Ally Financial posted adjusted earnings of 45 cents per share, beating market estimates of 33 cents per share. The company's adjusted sales came in at $1.99 billion versus expectations of $1.96 billion.
Ally Financial shares jumped 7.7% to $39.06 on Thursday.
Here are some other big stocks recording losses in today's session.
- Critical Metals Corp. CRML rose 24% to $9.30.
- Canopy Growth Corporation CGC shares gained 21.2% to $7.86.
- Humacyte, Inc. HUMA shares rose 13.9% to $3.5550.
- Trump Media & Technology Group Corp. DJT jumped 13.4% to $29.92. The company in a filing explained to shareholders how to prevent shares from being loaned for a short interest position.
- Aquestive Therapeutics, Inc. AQST jumped 12.4% to $4.4050.
- Badger Meter, Inc. BMI shares jumped 11.8% to $171.06 after the company reported better-than-expected first-quarter results.
- FibroBiologics, Inc. FBLG rose 11.8% to $10.61.
- CleanSpark, Inc. CLSK climbed 11.7% to $16.66 as Bitcoin has gained over the past 24 hours.
- Genuine Parts Company GPC gained 11.1% to $160.05 after the company reported a first-quarter EPS beat and raised its FY24 guidance.
- Barnes Group Inc B rose 8.8% to $36.31. DA Davidson analyst Matt Summerville upgraded Barnes from Neutral to Buy and raised the price target from $35 to $45.
- Iridium Communications Inc. IRDM climbed 8.5% to $26.81 after the company reported better-than-expected first-quarter financial results.
- Apogee Enterprises, Inc APOG surged 8.1% to $60.42 following upbeat quarterly earnings.
- ManpowerGroup Inc. MAN gained 7.1% to $75.03 following strong second-quarter guidance.
- Snap Inc. SNAP rose 6.2% to $11.58 following recent reports of the TikTok divest-or-ban bill moving on a fast track through Congress.
- United Airlines Holdings, Inc. UAL jumped 4.6% to $50.99 after multiple analysts raised their price targets on the stock.
- Now Read This: Netflix Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
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