Advance Auto Parts Reports Q4 Results, Joins B&G Foods, Vipshop, ADT And Other Big Stocks Moving Higher On Wednesday

Author: Avi Kapoor | February 28, 2024 12:37pm

U.S. stocks were lower, with the Dow Jones index falling around 100 points on Wednesday.

Shares of Advance Auto Parts, Inc. (NYSE:AAP) rose during Wednesday’s session following fourth quarter financial results.

Advance Auto Parts reported fourth-quarter revenues of $2.465 billion, almost in line with the Wall Street view of $2.464 billion. Comparable store sales for the fourth quarter of 2023 decreased by 1.4%. The company reported a quarterly loss of 59 cents per share.

Advance Auto Parts shares gained 5.3% to $68.18 on Wednesday.

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

• Beyond Meat, Inc. (NASDAQ:BYND) rose 44% to $10.83 as the company reported stronger-than-expected sales for its fourth quarter.
• Applied Therapeutics, Inc. (NASDAQ:APLT) surged 36% to $7.59 after the company announced FDA acceptance and priority review of the NDA for govorestat for the treatment of Classic Galactosemia. The company also announced a $100 million private placement.
• ACM Research, Inc. (NASDAQ:ACMR) gained 34.2% to $29.25 after the company reported better-than-expected fourth-quarter FY23 results.
• Ventyx Biosciences, Inc. (NASDAQ:VTYX) shares jumped 32.1% to $7.99 following fourth-quarter results.
• LifeStance Health Group, Inc. (NASDAQ:LFST) gained 31.5% to $8.81 following strong quarterly sales.
• Polestar Automotive Holding UK PLC (NASDAQ:PSNY) rose 29.9% to $1.9350. Polestar secured $1 billion external funding.
• Editas Medicine, Inc. (NASDAQ:EDIT) gained 27.7% to $11.31 after the company reported better-than-expected fourth-quarter financial results.
• TG Therapeutics, Inc. (NASDAQ:TGTX) jumped 27.2% to $17.69 after the company reported better-than-expected fourth-quarter financial results.
• Qurate Retail, Inc. (NASDAQ:QRTEA) rose 22% to $1.71 after the company reported fourth-quarter financial results.
• B&G Foods, Inc. (NYSE:BGS) gained 21.4% to $11.41 after the company reported better-than-expected fourth-quarter financial results and issued FY24 revenue guidance.
• Flywire Corporation (NASDAQ:FLYW) climbed 17.6% to $28.84 after the company reported better-than-expected fourth quarter financial results.
• The Vita Coco Company, Inc. (NASDAQ:COCO) surged 17.3% to $26.32 after the company reported better-than-expected fourth-quarter financial results and issued FY24 net sales guidance.
• J-Long Group Limited (NASDAQ:JL) gained 17.2% to $18.90.
• Revolve Group, Inc. (NYSE:RVLV) rose 16% to $20.28 as the company reported upbeat results for its fourth quarter on Tuesday.
• Life Time Group Holdings, Inc. (NYSE:LTH) gained 15.3% to $14.32 after the company reported better-than-expected fourth quarter financial results and issued first-quarter revenue guidance above estimates.
• Vipshop Holdings Limited (NYSE:VIPS) gained 12.4% to $19.49 after the company reported better-than-expected fourth quarter financial results.
• MicroStrategy Incorporated (NASDAQ:MSTR) climbed 10.9% to $967.01.
• Chart Industries, Inc. (NASDAQ:GTLS) rose 10.5% to $145.33 after the company reported mixed fourth quarter financial results and issued FY24 adjusted EPS guidance above estimates.
• Assured Guaranty Ltd. (NYSE:AGO) gained 9.8% to $94.11 following fourth quarter financial results.
• eBay Inc. (NASDAQ:EBAY) rose 8.4% to $48.15 after the company reported better-than-expected fourth quarter financial results.
• ADT Inc. (NYSE:ADT) climbed 7.2% to $7.00 following upbeat earnings.

 

Now Read This: Bitcoin Surpasses $59,000 Following GDP Data; Pepe Emerges As Top Gainer

Posted In: AAP ACMR ADT AGO APLT BGS BYND COCO EBAY EDIT FLYW GTLS JL LFST LTH MSTR PSNY QRTEA RVLV TGTX