U.S. stocks were lower, with the Dow Jones index falling over 150 points on Wednesday.
Shares of AAR Corp. (NYSE:AIR) rose sharply during Tuesday's session after posted stronger-than-expected second-quarter results.
The company reported quarterly earnings of 90 cents per share, which beat the analyst consensus estimate of 84 cents. Quarterly revenue came in at $686.1 million, which beat the analyst consensus estimate of $654.18 million.
AAR shares jumped 9.6% to $67.67 on Wednesday.
Here are some other big stocks recording gains in today's session.
- Sana Biotechnology, Inc. (NASDAQ:SANA) shares jumped 249% to $5.77 after the company on Tuesday announced clinical trial results from its type 1 diabetes study of islet cell transplantation without immunosuppression.
- Vir Biotechnology, Inc. (NASDAQ:VIR) gained 64% to $12.97 after the company announced it's presenting initial Phase 1 data from its two dual-masked T-cell engagers (TCEs): VIR-5818 and VIR-5500.
- AngioDynamics, Inc. (NASDAQ:ANGO) surged 25% to $11.74 after the company reported better-than-expected second-quarter financial results and raised its FY25 adjusted EPS guidance.
- Absci Corporation (NASDAQ:ABSI) rose 17% to $3.5900 after the company announced a strategic collaboration with AMD.
- eBay Inc. (NASDAQ:EBAY) surged 11.5% to $70.44 after Meta announced a test in Germany, France and the US that will allow buyers to browse eBay listings directly on Facebook Marketplace.
- Matthews International Corporation (NASDAQ:MATW) gained 10.2% to $29.87 as the company agreed to sell SGK Brand Solutions.
- Arcadium Lithium plc (NASDAQ:ALTM) rose 8.6% to $5.72 after the company announced it secured CFIUS clearance regarding Rio Tinto's proposed acquisition.
- Cal-Maine Foods, Inc. (NASDAQ:CALM) gained 7.1% to $111.00 as the company posted better-than-expected results for its second quarter. The company said it set a quarterly record for total dozens sold and specialty dozens sold. It also announced a cash dividend of approximately $1.49 per share.
- ADTRAN Holdings, Inc. (NASDAQ:ADTN) rose 6.3% to $10.25.
- Boston Scientific Corporation (NYSE:BSX) gained 4.6% to $96.24 after the company announced it entered into a definitive deal to acquire Bold Medical.
- UniFirst Corporation (NYSE:UNF) gained 3.7% to $212.25 following upbeat quarterly earnings.
Now Read This:
- Jim Cramer: Lemonade Is 'Up Too Much,' This Health Care Stock Can Go Lower
