Estée Lauder Posts Upbeat Earnings, Joins ON Semiconductor, Tyson Foods And Other Big Stocks Moving Higher On Monday

Author: Avi Kapoor | February 05, 2024 11:32am

U.S. stocks traded lower, with the Dow Jones falling over 300 points on Monday.

Shares of The Estée Lauder Companies Inc. (NYSE:EL) rose sharply during Monday’s session after the company reported better-than-expected second-quarter financial results and announced a restructuring program, which includes an estimated net reduction of roughly 3 to 5 percent of its positions as of June 30, 2023.

Estée Lauder shares gained 14% to $152.93 on Monday.

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

• 4D Molecular Therapeutics, Inc. (NASDAQ:FDMT) jumped 100.9% to $35.13 after the company announced interim data from the Phase 2 PRISM clinical trial evaluating intravitreal 4D-150 in wet AMD patients with severe disease activity and a high treatment burden.
• Everbridge, Inc. (NASDAQ:EVBG) shares surged 18.2% to $28.13 after the company announced it will be acquired by Thoma Bravo for $1.5 billion.
• MorphoSys AG (NASDAQ:MOR) rose 15.7% to $12.81.
• Core Scientific, Inc. (NASDAQ:CORZ) jumped 10.3% to $3.29. Core Scientific produced 13,762 Bitcoin in 2023.
• Digital World Acquisition Corp. (NASDAQ:DWAC) rose 10.1% to $44.68.
• Catalent, Inc. (NYSE:CTLT) climbed 10% to $59.97 after the company announced it will be acquired by Novo Holdings.
• Napco Security Technologies, Inc. (NASDAQ:NSSC) rose 8.5% to $38.86 following second-quarter results.
• Super Micro Computer, Inc. (NASDAQ:SMCI) jumped 7.6% to $623.84.
• ON Semiconductor Corporation (NASDAQ:ON) gained 7.3% to $75.97 after the company reported better-than-expected fourth-quarter financial results.
• Elanco Animal Health Incorporated (NYSE:ELAN) surged 6% to $15.61 after the company announced the sale of its aqua business to Merck Animal health for $1.3 billion.
• Haynes International, Inc. (NASDAQ:HAYN) gained 6% to $59.49 as the company penned a deal to be acquired by North American Stainless, a wholly owned subsidiary of Acerinox, for an enterprise value of about $970 million.
• CNA Financial Corporation (NASDAQ:CNA) gained 5.2% to $45.59 after it reported fourth-quarter FY23 results.
• Eli Lilly and Company (NYSE:LLY) rose 5.2% to $702.38. Eli Lilly and Company is expected to release earnings results for its fourth quarter, before the opening bell on Feb. 6, 2024.
• Tyson Foods, Inc. (NYSE:TSN) gained 3.5% to $58.32 after the company reported better-than-expected first-quarter financial results and issued guidance.

 

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Posted In: CNA CORZ CTLT DWAC EL ELAN EVBG FDMT HAYN LLY MOR NSSC ON SMCI TSN