Walgreens Posts Upbeat Earnings, Joins Wolfspeed, Ericsson And Other Big Stocks Moving Higher On Tuesday

U.S. stocks were lower, with the Dow Jones index falling around 100 points on Tuesday.

Shares of Walgreens Boots Alliance, Inc. WBA rose sharply during Tuesday's session following better-than-expected quarterly earnings.

Walgreens reported fourth-quarter fiscal year 2024 sales of $37.55 billion, up 6% year over year (+6.1% on constant currency), beating the consensus of $35.76 billion, reflecting sales growth across all segments. Adjusted EPS was 39 cents, down 40.8%, beating the consensus of 36 cents, according to data from Benzinga Pro.

Walgreens Boots Alliance, Inc. WBA gained 12.3% to $10.11 on Tuesday.

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

Wolfspeed, Inc. WOLF shares jumped 25% to $14.24 after the company announced it signed a signed a non-binding preliminary memorandum of terms for up to $750 million in proposed direct funding under the CHIPS and Science Act.

MeiraGTx Holdings plc MGTX gained 13.4% to $5.26 after safety and tolerability was confirmed in its gene therapy study for Parkinson’s.

Telefonaktiebolaget LM Ericsson (publ) ERIC climbed 12.5% to $8.48 following a third-quarter earnings beat.

Rumble Inc. RUM gained 9.5% to $5.99.

Montrose Environmental Group, Inc. MEG gained 7.2% to $25.16. Montrose Environmental Group announced a $249 million US Army Corps Of Engineers Environmental Services contract.

TechTarget, Inc. TTGT gained 7.2% to $26.97. Craig-Hallum analyst Jason Kreyer upgraded TechTarget from Hold to Buy and raised the price target from $34 to $36.

Bit Digital, Inc. BTBT gained 5.8% to $3.4813. Bit Digital acquired Enovum Data Centers for total consideration of approximately $46 million.

Ardent Health Partners, Inc. ARDT gained 5.2% to $19.85.

Foot Locker, Inc. FL gained 4% to $24.72.

American Airlines Group Inc. AAL gained 3.3% to $12.27.

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