U.S. stocks traded lower, with the Nasdaq dropping more than 100 points on Wednesday. Here are some big stocks recording gains in today’s session.
- Merrimack Pharmaceuticals, Inc. (NASDAQ:MACK) shares climbed 219% to $12.80 after partner Ipsen reported Onivyde met its primary and key secondary endpoint. Merrimack is eligible for up to $450 million in milestone payments for the pancreatic cancer treatment.
- Outset Medical, Inc. (NASDAQ:OM) surged 36.1% to $15.61 after the company reported better-than-expected Q3 results.
- OptimizeRx Corporation (NASDAQ:OPRX) climbed 28% to $18.58 following better-than-expected Q3 results.
- Health Catalyst, Inc. (NASDAQ:HCAT) rose 23% to $7.95 after the company reported better-than-expected Q3 EPS and sales results. The company also issued FY22 sales guidance above analyst estimates.
- Vivint Smart Home, Inc. (NYSE:VVNT) gained 21.4% to $8.50 after the company posted upbeat quarterly sales and raised FY22 revenue guidance.
- LiveRamp Holdings, Inc. (NYSE:RAMP) rose 21% to $18.91 after the company reported better-than-expected Q2 results and issued strong guidance.
- Axon Enterprise, Inc. (NASDAQ:AXON) jumped 18.2% to $177.25 after the company reported better-than-expected Q3 results.
- A-Mark Precious Metals, Inc. (NASDAQ:AMRK) jumped 17% to $32.76 after the company reported better-than-expected Q1 results.
- Life Time Group Holdings, Inc. (NYSE:LTH) gained 15.6% to $11.32 following strong Q3 earnings.
- Array Technologies, Inc. (NASDAQ:ARRY) rose 15.2% to $19.56 after the company reported better-than-expected Q3 results and issued strong guidance.
- Target Hospitality Corp. (NASDAQ:TH) jumped 14.4% to $12.55 after the company reported Q3 EPS results were higher year over year and better-than-expected Q3 sales results. The company authorized up to $100 million in a stock repurchase program.
- HCI Group, Inc. (NYSE:HCI) jumped 13.8% to $39.38 after reporting a narrower-than-expected quarterly loss.
- Seer, Inc. (NASDAQ:SEER) gained 13.2% to $7.31 after reporting upbeat quarterly results.
- Sprouts Farmers Market, Inc. (NASDAQ:SFM) jumped 12.2% to $32.17 after the company reported better-than-expected Q3 results and issued guidance above estimates.
- MRC Global Inc. (NYSE:MRC) gained 11.6% to $10.89 following strong quarterly results.
- Forestar Group Inc. (NYSE:FOR) jumped 11.3% to $12.91 following upbeat Q4 results.
- Coherent Corp. (NASDAQ:COHR) gained 10.8% to $33.18 after the company reported better-than-expected Q1 results.
- Shoals Technologies Group, Inc. (NASDAQ:SHLS) gained 9.8% to $21.63.
- Ziff Davis, Inc. (NASDAQ:ZD) gained 9.6% to $80.97 following strong quarterly earnings.
- Hilton Grand Vacations Inc. (NYSE:HGV) gained 9.6% to $41.15 after the company reported better-than-expected Q3 results and raised FY22 EBITDA guidance.
- XP Inc. (NASDAQ:XP) gained 9.1% to $20.01 after the company reported Q3 financial results.
- Gold Fields Limited (NYSE:GFI) jumped 8.8% to $10.72. Gold Fields announced termination of arrangement agreement with Yamana.
- Squarespace, Inc. (NYSE:SQSP) rose 7.9% to $21.09. Piper Sandler maintained Squarespace with a Neutral and raised the price target from $21 to $22.
- Meta Platforms, Inc. (NASDAQ:META) gained 7.3% to $103.47 after the company announced a planned layoff of 11,000 employees and affirmed Q4 revenue guidance.
- Halozyme Therapeutics, Inc. (NASDAQ:HALO) rose 7% to $49.03 after the company reported better-than-expected Q3 results.
- D.R. Horton, Inc. (NYSE:DHI) rose 6.4% to $77.93 after the company reported Q4 earnings results.
- IAC Inc. (NASDAQ:IAC) gained 5% to $47.05 following Q3 results.
