U.S. stocks were mixed, with the Dow Jones index gaining around 50 points on Friday.
Shares of Asana, Inc. (NYSE:ASAN) rose sharply during Friday's session after the company announced a $150 million share repurchase program and reaffirmed its forward guidance.
Asana said its board of directors approved a stock repurchase program authorizing the company to repurchase up to $150 million of its Class A common stock through June 30, 2025.
Asana shares jumped 13.4% to $12.90 on Friday.
Here are some other big stocks recording gains in today's session.
- Sarepta Therapeutics, Inc. (NASDAQ:SRPT) shares jumped 39.2% to $171.89 after the company announced FDA approval of an expansion to the labeled indication for ELEVIDYS to include individuals with Duchenne muscular dystrophy with a confirmed mutation in the DMD gene who are at least 4 years of age. Also, multiple firms raised their respective price targets on the stock.
- Clover Health Investments, Corp. (NASDAQ:CLOV) shares gained 31% to $1.35 following insider buying from the company's co-founder. After the market close on Thursday, Clover Health filed a Form 4 with the SEC showing that co-founder and executive chair Vivek Garipalli purchased 877,567 shares of Clover Health stock at an average price of $1.14 per share.
- Avid Bioservices, Inc. (NASDAQ:CDMO) climbed 13.7% to $7.75.
- Cabaletta Bio, Inc. (NASDAQ:CABA) rose 9.1% to $9.09.
- ADTRAN Holdings, Inc. (NASDAQ:ADTN) climbed 8.7% to $5.65
- Hertz Global Holdings, Inc. (NASDAQ:HTZ) gained 8.6% to $3.8150. The company revealed the upsize and pricing of $1 billion offerings, which comprised $750 million of First Lien Senior Secured Notes, which represents an upsize from the previously announced $500 million.
- Studio City International Holdings Limited (NYSE:MSC) rose 8% to $6.75.
- Codere Online Luxembourg, S.A. (NASDAQ:CDRO) gained 7.6% to $7.80.
- Methode Electronics, Inc. (NYSE:MEI) jumped 7.1% to $10.74.
- Ironwood Pharmaceuticals, Inc. (NASDAQ:IRWD) gained 6.5% to $5.94. Ironwood Pharmaceuticals named Sravan K. Emany as Senior Vice President, Chief Operating Officer, and Chief Financial Officer.
- Enviri Corporation (NYSE:NVRI) rose 6% to $8.86.
- PTC Therapeutics, Inc. (NASDAQ:PTCT) gained 5.4% to $35.08. B of A Securities analyst Tazeen Ahmad maintained PTC Therapeutics with an Underperform and raised the price target from $25 to $32.
- Spirit AeroSystems Holdings, Inc. (NYSE:SPR) rose 4.8% to $33.19. Boeing Co. (NYSE:BA) is reportedly close to finalizing a deal to reacquire Spirit AeroSystems, its former subsidiary, following significant progress in separate negotiations between Spirit and Airbus SE (OTC:EADSY) to divide Spirit's projects between the two aerospace giants.
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