Abercrombie & Fitch, Urban Outfitters, Photronics And Other Big Stocks Moving Higher On Wednesday

Author: Lisa Levin | May 24, 2023 10:41am

U.S. stocks traded lower, with the Dow Jones dropping around 200 points on Wednesday. Here are some big stocks recording gains in today’s session.

• GigaCloud Technology Inc. (NASDAQ:GCT) shares surged 62.2% to $9.31 after the company reported a year-over-year increase in first-quarter financial results.
• Zura Bio Limited (NASDAQ:ZURA) shares climbed 36% to $7.28 after Raymond James initiated coverage on the stock with a Strong Buy rating and a $20 price target.
• Abercrombie & Fitch Co. (NYSE:ANF) rose 22.3% to $28.14 after the company reported better-than-expected Q1 sales results, raised FY23 net sales growth guidance and raised operating margin guidance.
• The Necessity Retail REIT, Inc. (NASDAQ:RTL) climbed 15.2% to $5.62. Global Net Lease is scheduled to host a webcast and conference call on May 24, 2023 to discuss its merger with The Necessity Retail REIT, Inc.
• Organogenesis Holdings Inc. (NASDAQ:ORGO) rose 14.5% to $3.94 after BTIG upgraded the stock from Neutral to Buy and announced a $10 price target.
• Urban Outfitters, Inc. (NASDAQ:URBN) shares jumped 14.1% to $30.42 as the company reported better-than-expected results for its first quarter said inventory fell 6.3% year-over-year.
• Kamada Ltd. (NASDAQ:KMDA) rose 13.7% to $5.32 after the company reported better-than-expected EPS results and announced a $60 million private placement with FIMI Opportunity Funds.
• Shengfeng Development Limited (NASDAQ:SFWL) climbed 12.4% to $6.80.
• Reata Pharmaceuticals, Inc. (NASDAQ:RETA) gained 11.7% to $88.52.
• Photronics, Inc. (NASDAQ:PLAB) climbed 11.3% to $19.15 following better-than-expected second-quarter results.
• United Homes Group, Inc. (NASDAQ:UHG) rose 9.4% to $12.50.
• Nextdoor Holdings, Inc. (NYSE:KIND) climbed 9.2% to $2.4350. Nextdoor recently reported better-than-expected Q1 sales results.
• Kohl's Corporation (NYSE:KSS) gained 8.5% to $20.91 after the company reported better-than-expected Q1 total revenue results and reaffirmed FY23 outlook.
• Palo Alto Networks, Inc. (NASDAQ:PANW) surged 8% to $204.90 after the company reported better-than-expected Q3 results and issued strong guidance.
• TuSimple Holdings Inc. (NASDAQ:TSP) climbed 7.3% to $2.07.
• Vipshop Holdings Limited (NYSE:VIPS) gained 4.2% to $14.77. Vipshop reported a first-quarter FY23 revenue growth of 9.1% year-on-year to $4.00 billion (RMB27.5 billion), beating the consensus of $3.72 billion.

 

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