U.S. stocks were higher, with the Dow Jones index gaining more than 50 points on Friday.
Shares of Apogee Enterprises, Inc. (NASDAQ:APOG) rose sharply during Friday's session after the company reported better-than-expected second-quarter financial results and raised its FY25 adjusted EPS guidance above estimates.
Apogee Enterprises reported second-quarter sales of $342.4 million, beating the consensus estimate of $335.3 million. Adjusted EPS rose 5.9% Y/Y to $1.44, beating the consensus of $1.23.
Apogee Enterprises shares jumped 20.7% to $82.56 on Friday.
Here are some other big stocks recording gains in today's session.
- Frontier Group Holdings, Inc. (NASDAQ:ULCC) gained 20.6% to $6.02 following a report suggesting Spirit Airlines is considering filing for bankruptcy. The company, a budget airline, may see a rise in passengers due to a drop in competition.
- JetBlue Airways Corporation (NASDAQ:JBLU) surged 15% to $7.34 following a report suggesting Sprint Airlines is considering filing for bankruptcy. Earlier this year, a judge blocked a merger between the two companies because it could hurt competition and hike ticket prices.
- LexinFintech Holdings Ltd. (NASDAQ:LX) surged 12.5% to $3.8250.
- Capricor Therapeutics, Inc. (NASDAQ:CAPR) gained 11.8% to $19.08 after the company announced it will present its long-term data from the HOPE-2 open-label extension study at the 2024 World Muscle Society Congress.
- Arcadium Lithium plc (NYSE:ALTM) rose 10.5% to $3.0950.
- Barnes Group Inc. (NYSE:B) gained 10.3% to $44.22 following a report suggesting that Apollo Global Management is in talks to acquire the company.
- JinkoSolar Holding Co., Ltd. (NYSE:JKS) shares rose 10.3% to $28.84.
- MINISO Group Holding Limited (NASDAQ:MNSO) gained 7.2% to $20.33 after Citigroup initiated coverage on the stock with a Buy rating and announced a price target of $26.8.
- V.F. Corporation (NYSE:VFC) gained 6.6% to $20.81.
- Abercrombie & Fitch Co. (NYSE:ANF) climbed 6% to $142.21.
- United Airlines Holdings, Inc. (NASDAQ:UAL) gained 5.1% to $58.48.
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