U.S. stocks were higher, with the Nasdaq Composite gaining over 100 points on Wednesday.
Shares of TAT Technologies Ltd (NASDAQ:TATT) rose sharply after the company reported better-than-expected first-quarter financial results.
TAT Techs posted quarterly earnings of 26 cents per share, beating market estimates of 19 cents per share. The company's sales came in at $41.147 million topping estimates of $40.400 million.
TAT Technologies shares jumped 11.7% to $36.52 on Wednesday.
Here are some other big stocks recording gains in today’s session.
- Immunovant Inc (NASDAQ:IMVT) shares jumped 22.2% to $32.12 following fourth-quarter results.
- Sellas Life Sciences Group Inc (NASDAQ:SLS) gained 17.6% to $8.92 as traders react to the company’s latest update on its acute myeloid leukemia pipeline and the timeline for a pivotal Phase 3 readout.
- T1 Energy Inc (NYSE:TE) gained 17% to $8.05.
- Vuzix Corp (NASDAQ:VUZI) rose 12.2% to $4.61.
- Roivant Sciences Ltd (NASDAQ:ROIV) gained 12.2% to $31.64 after the company reported better-than-expected fourth-quarter adjusted EPS results.
- POET Technologies Inc (NASDAQ:POET) shares jumped 11.5% to $14.58.
- Arm Holdings PLC – ADR (NASDAQ:ARM) shares gained 11.3% to $248.40.
- AMC Entertainment Holdings Inc (NYSE:AMC) rose 10.3% to $1.50. CEO Adam Aron disclosed in a Form 4 filed after Tuesday’s close that he bought 250,000 shares in multiple transactions at an average price of about $1.38, lifting his total ownership to roughly 2.44 million shares.
- Astera Labs, Inc (NASDAQ:ALAB) gained 9.8% to $268.26.
- Design Therapeutics Inc (NASDAQ:DSGN) jumped 9.2% to $11.45.
- Talen Energy Corp (NASDAQ:TLN) gained 8.6% to $341.88. Daniel Kelly joined Talen as general counsel and corporate secretary.
- Synaptics Inc (NASDAQ:SYNA) rose 8.4% to $134.00. Rosenblatt analyst Kevin Cassidy maintained Synaptics with a Buy and raised the price target from $125 to $180.
- Marvell Technology Inc (NASDAQ:MRVL) rose 7.2% to $188.90. Wells Fargo analyst Aaron Rakers maintained Marvell Technology with an Overweight rating and raised the price target from $135 to $195.
- Astronics Corp (NASDAQ:ATRO) gained 7.1% to $85.00.
- Immunitybio Inc (NASDAQ:IBRX) rose 7.1% to $8.31 after the company announced that the FDA accepted for review the supplemental Biologics License Application for ANKTIVA in combination with Bacillus Calmette-Guerin for the treatment of patients with BCG-unresponsive non-muscle invasive bladder cancer with papillary disease without carcinoma in situ.
- Intel Corp (NASDAQ:INTC) rose 5.4% to $116.77.
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