Toro Posts Upbeat Results, Joins Clear Channel Outdoor, Marathon Digital And Other Big Stocks Moving Higher On Wednesday

Author: Avi Kapoor | December 20, 2023 11:10am

U.S. stocks traded mixed, with the Dow Jones index falling around 50 points on Wednesday.

Shares of The Toro Company (NYSE:TTC) rose sharply during Wednesday’s session after the company reported better-than-expected fourth-quarter financial results and issued guidance.

Toro posted adjusted earnings of 71 cents per share, beating market estimates of 56 cents per share. The company’s quarterly sales came in at $983.20 million versus expectations of $973.65 million, according to Benzinga Pro.

Toro shares surged 8.2% to $96.54 on Wednesday.

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

• Conduit Pharmaceuticals Inc. (NASDAQ:CDT) climbed 35% to $5.65.
• Canaan Inc. (NASDAQ:CAN) rose 20.8% to $2.6950.
• MacroGenics, Inc. (NASDAQ:MGNX) jumped 12.7% to $10.41. Citigroup upgraded Macrogenics from Neutral to Buy and raised the price target from $7 to $13.
• Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) surged 12.5% to $1.89. Clear Channel Outdoor named David Sailer as Executive Vice President, CFO, effective as of March 1, 2024 and reaffirmed guidance for FY23.
• Liquidia Corporation (NASDAQ:LQDA) rose 11.5% to $8.79.
• Despegar.com, Corp. (NYSE:DESP) climbed 11% to $10.10. B. Riley Securities maintained Despegar.com with a Buy and raised the price target from $12 to $15.
• Innoviz Technologies Ltd. (NASDAQ:INVZ) gained 10.2% to $2.9214.
• HIVE Digital Technologies Ltd. (NASDAQ:HIVE) rose 9.9% to $4.2090. HIVE Digital recently announced a $25 million bought deal private placement of 5m special warrants at a price of $5/warrant financing.
• ImmunityBio, Inc. (NASDAQ:IBRX) gained 9.6% to $4.67.
• Oddity Tech Ltd. (NASDAQ:ODD) gained 8.5% to $47.82.
• Wheels Up Experience Inc. (NYSE:UP) gained 8.2% to $2.37.
• TeraWulf Inc. (NASDAQ:WULF) rose 6.1% to $2.10.
• Marathon Digital Holdings, Inc. (NASDAQ:MARA) gained 6.1% to $23.30 after HC Wainwright & Co maintained a Buy rating on the stock and raised its price target from $20 to $24.
• EnerSys (NYSE:ENS) gained 5.6% to $102.22. Oppenheimer maintained EnerSys with an Outperform and raised the price target from $110 to $116.
• Exact Sciences Corporation (NASDAQ:EXAS) rose 5% to $72.81.
• WW International, Inc. (NYSE:WW) gained 4.1% to $8.72.

 

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Posted In: CAN CCO CDT DESP ENS EXAS HIVE IBRX INVZ LQDA MARA MGNX ODD TTC UP WULF WW