U.S. stocks were higher, with the Dow Jones gaining around 350 points on Wednesday.
Shares of Progress Software Corp (NASDAQ: PRGS ) rose sharply during Wednesday's session after the company reported better-than-expected fourth-quarter adjusted EPS results and issued first-quarter guidance above estimates. Also, the company issued FY26 guidance above estimates .
Progress Software reported quarterly earnings of $1.51 per share, which beat the Street estimate of $1.31. Quarterly revenue came in at $252.67 million, compared to the consensus estimate of $252.86 million.
Progress Software shares jumped 20.5% to $46.50 on Wednesday.
Here are some other big stocks recording gains in today’s session.
Rambus Inc (NASDAQ: RMBS ) gained 15.1% to $126.67. ServisFirst Bancshares Inc (NYSE: SFBS ) gained 13.3% to $86.45 following better-than-expected fourth-quarter earnings. Lucid Group Inc (NASDAQ: LCID ) gained 12.9% to $10.97. Red Cat Holdings Inc (NASDAQ: RCAT ) jumped 11.4% to $16.05. American Resources Corp (NASDAQ: AREC ) surged 11% to $3.88. Zura Bio Ltd (NASDAQ: ZURA ) surged 10.5% to $5.54. Zura Bio named Sandeep Kulkarni as CEO, effective immediately, succeeding Kim Davis. SES AI Corp (NYSE: SES ) gained 10.5% to $2.42. Lexicon Pharmaceuticals Inc (NASDAQ: LXRX ) shares jumped 10.3% to $1.44. Lexicon Pharmaceuticals announced successful end-of-Phase 2 meeting with the FDA for Pilavapadin in the treatment of diabetic peripheral neuropathic pain. Comstock Resources Inc (NYSE: CRK ) gained 9.8% to $24.49. Tronox Holdings PLC (NYSE: TROX ) surged 9.5% to $6.06. Truist Securities analyst Peter Osterland maintained Tronox with a Buy and raised the price target from $5 to $7. Teledyne Technologies Inc (NYSE: TDY ) gained 9.2% to $618.47 after the company reported better-than-expected quarterly financial results. Intel Corp (NASDAQ: INTC ) gained 9.1% to $52.97. Arm Holdings PLC – ADR (NASDAQ: ARM ) surged 9% to $116.81 after Susquehanna upgraded the stock from Neutral to Positive and maintained its $150 price target. Nuscale Power Corp (NYSE: SMR ) gained 8.1% to $20.50. Quantumscape Corp (NASDAQ: QS ) gained 8% to $11.05. Moderna Inc (NASDAQ: MRNA ) gained 6.4% to $45.76. Moderna and Merck & Co. Inc. (NYSE: MRK ) on Tuesday shared median five-year follow-up data from the Phase 2b KEYNOTE-942/mRNA-4157-P201 study of mRNA-based individualized neoantigen therapy for a serious type of skin cancer.Photo via Shutterstock
AREC American Resources Corp $3.88 10.7% Overview ARM ARM Holdings PLC $116.18 8.41% CRK Comstock Resources Inc $24.52 10.1% INTC Intel Corp $52.53 8.18% LCID Lucid Group Inc $10.99 12.9% LXRX Lexicon Pharmaceuticals Inc $1.42 8.22% MRK Merck & Co Inc $110.89 1.32% MRNA Moderna Inc $45.81 6.53% PRGS Progress Software Corp $46.66 20.9% QS QuantumScape Corp $10.92 6.74% RCAT Red Cat Holdings Inc $15.78 9.47% RMBS Rambus Inc $127.40 15.7% SES SES AI Corp $2.37 8.99% SFBS Servisfirst Bancshares Inc $86.67 13.6% SMR NuScale Power Corp $20.00 5.24% TDY Teledyne Technologies Inc $615.33 8.67% TROX Tronox Holdings PLC $6.00 8.21% ZURA Zura Bio Ltd $5.54 10.6% Market News and Data brought to you by Benzinga APIs© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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