U.S. stocks were higher, with the Dow Jones index gaining around 150 points on Wednesday.
Shares of Worthington Enterprises, Inc. (NYSE:WOR) rose sharply during Wednesday's session as the company posted better-than-expected results for its second quarter.
On Tuesday, the company reported a net sales decline of 8% year over year to $274.0 million, beating the consensus of $273.77 million. The decline was attributed to the deconsolidation of the former Sustainable Energy Solutions segment. Adjusted EPS of 60 cents exceeded the consensus of 52 cents.
Worthington Enterprises shares jumped 14.4% to $43.72 on Wednesday.
Here are some other big stocks recording gains in today's session.
- KULR Technology Group, Inc. (NASDAQ:KULR) shares jumped 59% to $2.29 after the company announced it regained NYSE stockholders' equity required compliance status.
- Quantum Computing Inc. (NASDAQ:QUBT) gained 30.1% to $21.85 on continued strength, after the company on Tuesday announced it was awarded a prime contract by NASA to apply Dirac-3 for imaging and data processing support.
- SkyWater Technology, Inc. (NASDAQ:SKYT) surged 21.6% to $15.90.
- SoundHound AI, Inc. (NASDAQ:SOUN) rose 19.1% to $23.09.
- POET Technologies Inc. (NASDAQ:POET) shares gained 18.3% to $5.26.
- Exodus Movement, Inc. (NASDAQ:EXOD) jumped 15.5% to $45.00.
- Rezolve AI Limited (NASDAQ:RZLV) gained 15.5% to $3.80 as the company announced a $49 million equity conversion by leading investors.
- FormFactor, Inc. (NASDAQ:FORM) rose 11.5% to $48.90.
- Jabil Inc. (NYSE:JBL) gained 10% to $147.38 following better-than-expected quarterly results.
- EnerSys (NYSE:ENS) gained 8.7% to $99.52.
- Archer Aviation Inc. (NYSE:ACHR) shares rose 7.2% to $9.75. Cantor Fitzgerald analyst Andres Sheppard maintained Archer Aviation with an Overweight and raised the price target from $10 to $13.
- QuantumScape Corporation (NYSE:QS) gained 6.7% to $5.66.
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