RPM International Posts Upbeat Earnings, Joins Joby Aviation, Ciena And Other Big Stocks Moving Higher On Wednesday

U.S. stocks were slightly higher, with the Dow Jones index gaining around 0.2% on Wednesday.

Shares of RPM International Inc. RPM rose sharply during Monday's session after the company reported better-than-expected first-quarter adjusted EPS results.

Sales declined 2.1% Y/Y to $1.97 billion, missing the consensus of $2.015 billion. Adjusted EPS was $1.84, beating the consensus of $1.75.

RPM shares jumped 7.2% to $128.71 on Wednesday.

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

• Kingsoft Cloud Holdings Limited KC gained 21.6% to $3.88.
• UP Fintech Holding Limited TIGR gained 20% to $7.46. Shares of US-listed Chinese stocks traded higher on continued strength following recent stimulus measures and the start of the National Day Golden Week.
• Joby Aviation, Inc. JOBY gained 19.4% to $5.73 after the company announced that Toyota will invest an additional $500 million to support the certification and commercial production of the electric air taxi.
• AMTD Digital Inc. HKD climbed 17.1% to $3.7473.
• Clover Health Investments, Corp. CLOV gained 12% to $3.1113.
• Talkspace, Inc. TALK surged 12% to $2.3650.
• Oklo Inc. OKLO climbed 10.7% to $9.52.
• Great Lakes Dredge & Dock Corporation GLDD climbed 9.7% to $11.76 after the company announced the receipt of several dredging awards totaling $342.3 million.
• Novavax, Inc. NVAX gained 9.3% to $13.47.
• Ciena Corporation CIEN rose 6.5% to $65.44. Ciena announced a $1 billion share repurchase authorization.

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