Iris Energy, Arrowhead Pharmaceuticals, Urban Outfitters And Other Big Stocks Moving Higher On Wednesday

U.S. stocks were lower, with the Dow Jones index falling more than 100 points on Wednesday.

Shares of Iris Energy Limited IREN rose sharply during Wednesday's session on the heels of the company's first-quarter financial results. Multiple analysts raised price targets following the print.

After the market close on Tuesday, Iris reported first-quarter Bitcoin BTC/USD mining revenue of $49.6 million. The company reported a 28% increase in AI Cloud Services revenue quarter-over-quarter to $3.2 million.

Iris Energy shares jumped 30.8% to $12.51 on Wednesday.

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

• Agora, Inc. API gained 26.1% to $5.98.
• Arrowhead Pharmaceuticals, Inc. ARWR shares gained 20.9% to $25.45 following FY 2024 results.
• Murano Global Investments Plc MRNO jumped 18.4% to $11.13.
• Kingsoft Cloud Holdings Limited KC gained 17.1% to $6.99.
• Urban Outfitters, Inc. URBN shares surged 16% to $46.58 following third-quarter earnings. Citigroup upgraded the stock to Buy following the report.
• Bit Digital, Inc. BTBT gained 14.4% to $4.2802.
• Fate Therapeutics, Inc. FATE gained 14.4% to $3.0650.
• Hut 8 Corp. HUT shares jumped 12.8% to $27.56.
• Archer Aviation Inc. ACHR gained 12.2% to $8.10.
• MINISO Group Holding Limited MNSO climbed 7.2% to $18.66.
• Bloom Energy Corporation BE shares gained 5.8% to $27.69.
• Ambarella, Inc. AMBA gained 5% to $71.82 after the company on Tuesday reported a year-over-year increase in third-quarter revenue results..

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