Blend Labs Reports Q4 Results, Joins Alta Equipment, Despegar.com And Other Big Stocks Moving Higher On Friday

Author: Avi Kapoor | March 15, 2024 10:25am

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

Shares of Blend Labs, Inc. (NASDAQ:BLND) rose sharply during Friday’s session after the company reported fourth-quarter financial results.

Blend Labs posted quarterly loss of 9 cents per share, in-line with market estimates of 9 cents per share. The company’s quarterly sales came in at $36.10 million versus estimates of $36.93 million, according to data from Benzinga Pro.

Blend Labs shares jumped 24.3% to $2.92 on Friday.

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

• Cardlytics, Inc. (NASDAQ:CDLX) jumped 57.1% to $12.86 after the company reported better-than-expected fourth-quarter earnings.
• American Vanguard Corporation (NYSE:AVD) rose 25.8% to $13.32 following fourth-quarter financial results.
• Tredegar Corporation (NYSE:TG) climbed 18% to $4.73 following fourth-quarter financial results.
• Madrigal Pharmaceuticals, Inc. (NASDAQ:MDGL) gained 16.3% to $283.29 after the company announced FDA approval of Rezdiffra for the treatment of patients with noncirrhotic NASH with moderate to advanced liver fibrosis.
• Direct Digital Holdings, Inc. (NASDAQ:DRCT) climbed 15.1% to $31.81. Roth MKM recently maintained a Buy rating on the stock and raised its price target from $12.50 to $27.50.
• EHang Holdings Limited (NASDAQ:EH) rose 14.3% to $15.56 after the company reported financial fourth-quarter results above estimates and issued first-quarter revenue guidance.
• CommScope Holding Company, Inc. (NASDAQ:COMM) surged 13% to $1.6502.
• CARGO Therapeutics, Inc. (NASDAQ:CRGX) gained 13% to $31.74.
• CS Disco, Inc. (NYSE:LAW) rose 11.9% to $7.71. CS Disco’s board approved a $20 million share repurchase authorization.
• Alta Equipment Group Inc. (NYSE:ALTG) gained 10.7% to $11.64 following better-than-expected fourth-quarter 2023 results.
• Despegar.com, Corp. (NYSE:DESP) climbed 9.6% to $10.85 after the company reported mixed fourth-quarter 2023 results, with sales beating estimates.
• Bitdeer Technologies Group (NASDAQ:BTDR) gained 8.8% to $7.03.
• Tenaya Therapeutics, Inc. (NASDAQ:TNYA) rose 8.6% to $5.18.
• Archer Aviation Inc. (NYSE:ACHR) gained 7.4% to $5.25.
• Bioventus Inc. (NASDAQ:BVS) gained 6.9% to $5.55.
• Solid Biosciences Inc. (NASDAQ:SLDB) gained 6.9% to $13.13. Piper Sandler recently upgraded the stock from Neutral to Overweight and raised its price target from $8 to $20.
• Lithium Americas Corp. (NYSE:LAC) gained 6% to $6.35 following 2023 full year and fourth quarter results.
• The Buckle, Inc. (NYSE:BKE) rose 5.4% to $39.71 following fourth-quarter 2023 results.

 

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