U.S. stocks were higher, with the Nasdaq gaining around 100 points on Thursday.
Shares of AAR Corp. AIR rose sharply during Thursday's session after the company reported fourth-quarter financial results and beat its adjusted EPS and revenue estimates .
AAR reported quarterly earnings of $1.16 per share which beat the analyst consensus estimate of $1.01 per share The company reported quarterly sales of $754.500 million which beat the analyst consensus estimate of $695.714 million.
AAR shares jumped 12.7% to $84.41 on Thursday.
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Robinhood Move your 401k to Robinhood and get a 3% match on deposits. Get Started Here are some other big stocks recording gains in today’s session.
Lucid Group, Inc LCID shares jumped 30.5% to $2.9897 after the company, Nuro, and Uber announced a global robotaxi program developed for the Uber ride-hailing platform. Palladyne AI Corp. PDYN gained 24% to $11.98. Monarch Casino & Resort, Inc. MCRI shares rose 21.3% to $106.01 as the company reported better-than-expected second-quarter financial results on Wednesday. Pagaya Technologies Ltd. PGY climbed 20.7% to $28.41 after the company issued second-quarter revenue guidance above estimates. Opendoor Technologies Inc. OPEN gained 20.1% to $1.7906. Waterdrop Inc. WDH gained 16.5% to $1.69. Sarepta Therapeutics, Inc. SRPT rose 16% to $21.33 after the company announced plans to restructure, reduce headcount, and implement cost-saving measures. Baird raised its price target on the stock from $30 to $35. QuantumScape Corporation QS gained 14.4% to $12.98. BigBear.ai Holdings, Inc. BBAI rose 13.3% to $8.07. Unity Software Inc. U gained 13.3% to $38.44. UBS analyst Chris Kuntarich maintained Unity Software with a Neutral and raised the price target from $22 to $33. Rocket Lab Corporation RKLB gained 7.2% to $51.12. SoundHound AI, Inc. SOUN rose 7.2% to $12.63. Applied Digital Corporation APLD gained 7.1% to $10.78. Albemarle Corporation ALB rose 5.5% to $74.31.Now Read This:
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