Worthington Steel Posts Upbeat Results, Joins Summit Midstream Partners, FedEx And Other Big Stocks Moving Higher On Friday

Author: Avi Kapoor | March 22, 2024 10:08am

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

Shares of Worthington Steel, Inc. (NYSE:WS) rose sharply during Friday’s session as the company posted stronger-than-expected results for its third quarter.

Worthington Steel posted adjusted earnings of 99 cents per share, beating market estimates of 84 cents per share. The company’s quarterly sales came in at $805.80 million, versus expectations of $700.50 million, according to data from Benzinga Pro.

Worthington Steel shares jumped 18.8% to $37.92 on Friday.

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

• Murano Global Investments PLC (NASDAQ:MRNO) shares gained 147.5% to $23.94 after falling 46% on Thursday.
• Summit Midstream Partners, LP (NYSE:SMLP) rose 36.1% to $26.45 after the company announced the sale of its Utica position for $625 million.
• Canopy Growth Corporation (NASDAQ:CGC) gained 18.6% to $5.41.
• Annexon, Inc. (NASDAQ:ANNX) surged 17.3% to $7.14.
• Ocugen, Inc. (NASDAQ:OCGN) rose 12.5% to $1.5090 after gaining 8% on Thursday. Ocugen recently appointed Huma Qamar, MD, MPH as Chief Medical Officer.
• Lithium Americas (Argentina) Corp. (NYSE:LAAC) gained 12.2% to $5.77.
• TScan Therapeutics, Inc. (NASDAQ:TCRX) rose 11.5% to $7.82.
• Tilray Brands, Inc. (NASDAQ:TLRY) gained 11.2% to $2.1701.
• Dianthus Therapeutics, Inc. (NASDAQ:DNTH) jumped 11% to $30.84 following upbeat results.
• Dave Inc. (NASDAQ:DAVE) surged 11% to $41.08.
• Astera Labs, Inc. (NASDAQ:ALAB) gained 9.6% to $70.30.
• Clear Secure, Inc. (NYSE:YOU) climbed 8.4% to $20.46. CLEAR announced an increase to its share repurchase authorization and announced a special cash dividend of 32 cents.
• FedEx Corporation (NYSE:FDX) climbed 7.9% to $285.78 after the company reported better-than-expected earnings for its third quarter and authorized a new $5 billion share repurchase program.
• Immunome, Inc. (NASDAQ:IMNM) rose 7.8% to $26.02.
• Sunnova Energy International Inc. (NYSE:NOVA) surged 5.5% to $5.99.
• Foot Locker, Inc. (NYSE:FL) gained 5% to $24.85. Citigroup analyst Paul Lejuez upgraded Foot Locker from Sell to Neutral and announced a $24 price target.

 

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