HP, Iridium Communications And Other Big Stocks Moving Higher On Wednesday

Author: Lisa Levin | November 22, 2023 11:06am

U.S. stocks traded higher, with the Dow Jones gaining around 100 points on Wednesday.

Shares of HP Inc. (NYSE:HPQ) gained during Wednesday’s session following quarterly results.

Net revenue fell 6.5% Y/Y to $13.817 billion, beating the consensus of $13.807 billion. Adjusted EPS of $0.90 was in line with the consensus.

The company said it sees first-quarter earnings of 76 cents to 86 cents per share and also affirmed its full-year profit forecast of $3.25 to $3.65 per share.

HP shares rose 3.9% to $28.95 on Wednesday.

Here are some other big stocks recording gains in today’s session.

• Gyre Therapeutics, Inc. (NASDAQ:GYRE) shares gained 14.2% to $14.54.
• agilon health, inc. (NYSE:AGL) surged 9.3% to $12.02. Deutsche Bank downgraded Agilon Health from Buy to Hold and lowered the price target from $27 to $12.
• GH Research PLC (NASDAQ:GHRS) climbed 8.4% to $6.34.
• VinFast Auto Ltd. (NASDAQ:VFS) rose 7% to $6.41.
• Trip.com Group Limited (NASDAQ:TCOM) gained 6.7% to $34.99. Trip.com recently said third-quarter revenue increased 99% year-over-year to $1.89 billion.
• Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) rose 6.2% to $16.34. Calumet Speciality Products recently posted better-than-expected revenue results.
• PagSeguro Digital Ltd. (NYSE:PAGS) gained 6% to $9.65.
• Iridium Communications Inc. (NASDAQ:IRDM) rose 5.2% to $38.40. Iridium Communications CEO Matthew Desch acquired a total of 28,000 shares at an average price of $37.01.

 

Now Read This: Jim Cramer Calls Major Automaker Stock A 'Wait And See Situation' — 'I Want To See The Quarter'

Posted In: AGL CLMT GHRS GYRE HPQ IRDM PAGS TCOM VFS