Sony Group Posts Upbeat Earnings, Joins GameStop, Paysafe And Other Big Stocks Moving Higher On Tuesday

Author: Avi Kapoor | May 14, 2024 11:01am

U.S. stocks were higher, with the Dow Jones gaining around 20 points on Tuesday.

Shares of Sony Group Corporation (NYSE:SONY) rose sharply during Tuesday's session after the company reported better-than-expected quarterly financial results.

Sony Group reported fiscal fourth-quarter 2023 sales growth of 14% year-on-year to $23.49 billion (3.48 trillion Japanese yen), beating the analyst consensus estimate of $19.20 billion. EPS of $1.04 (153.60 yen) beat the analyst consensus estimate of 79 cents, according to data from Benzinga Pro.

Sony Group shares gained 6.3% to $80.95 on Tuesday.

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

• AMC Entertainment Holdings, Inc. (NYSE:AMC) shares rose 72.1% to $8.93 after surging 78% on Monday.
• GameStop Corp. (NYSE:GME) shares jumped 61.7% to $49.24 after retail investor Roaring Kitty made a return to social media on Monday via a post on X. The company's stock jumped over 74% on Monday.
• SunPower Corporation (NASDAQ:SPWR) gained 62% to $4.4590 as high short-interest stocks gain amid the return of trader "Roaring Kitty" to social media. Additionally, the Biden administration raised tariffs on Chinese solar panels.
• Big Lots, Inc. (NYSE:BIG) shares rose 39.7% to $5.18.
• Plug Power Inc. (NASDAQ:PLUG) shares gained 35% to $3.9165 after the company received a conditional commitment for an up to $1.66 billion loan guarantee from the Department of Energy.
• MMTec, Inc. (NASDAQ:MTC) gained 33% to $6.48.
• Harrow, Inc. (NASDAQ:HROW) shares rose 29.3% to $15.61 after the company reported first quarter financial results.
• Beyond Meat, Inc. (NASDAQ:BYND) jumped 27% to $10.14 after retail investor Roaring Kitty made a return to social media on Monday via a post on X.
• Delcath Systems, Inc. (NASDAQ:DCTH) surged 25.5% to $6.80 following upbeat quarterly results.
• Tupperware Brands Corporation (NYSE:TUP) surged 25% to $2.20 after retail investor Roaring Kitty made a return to social media on Monday via a post on X.
• AMTD Digital Inc. (NYSE:HKD) climbed 24.4% to $4.5191.
• Sunnova Energy International Inc. (NYSE:NOVA) rose 23.8% to $5.14 after the Biden administration raised tariffs on Chinese solar panels.
• Paysafe Ltd (NYSE:PSFE) gained 23.6% to $19.37 as the company posted better-than-expected results for its first quarter.
• Pacific Biosciences of California, Inc. (NASDAQ:PACB) gained 23% to $2.3750 amid a renewed surge in the space after popular retail trader ‘Roaring Kitty’ returned to social media.
• FuelCell Energy, Inc. (NASDAQ:FCEL) rose 22.5% to $0.8745.
• Virgin Galactic Holdings, Inc. (NYSE:SPCE) gained 20.6% to $1.2550 as high-short interest stocks gain amid the return of trader ‘Roaring Kitty’ to social media.
• Hertz Global Holdings, Inc. (NYSE:HTZ) climbed 19.7% to $6.55.
• SmartRent, Inc. (NYSE:SMRT) gained 17.5% to $2.82 after Land & Buildings sent a letter to the Board urging the exploration of strategic alternatives.
• BlackBerry Limited (NYSE:BB) climbed 16.7% to $3.61 after retail investor Roaring Kitty made a return to social media on Monday via a post on X.
• On Holding AG (NYSE:ONON) rose 14.7% to $35.21 after the company reported better-than-expected first-quarter financial results.
• Agilysys, Inc. (NASDAQ:AGYS) rose 14.5% to $91.89 after the company reported better-than-expected quarterly financial results.
• Lucid Group, Inc. (NASDAQ:LCID) gained 11.3% to $3.1220.
• Alcon Inc. (NYSE:ALC) rose 9.6% to $88.47 following better-than-expected first-quarter earnings.
• Bloom Energy Corporation (NYSE:BE) rose 9.5% to $12.65.
• Recursion Pharmaceuticals, Inc. (NASDAQ:RXRX) gained 8.8% to $10.32. Recursion Pharmaceuticals recently announced the completion of BioHive-2.
• Robinhood Markets, Inc. (NASDAQ:HOOD) gained 8.7% to $18.36. Roaring Kitty’s return may prompt retail investors to use the platform at a higher volume.
• Biohaven Ltd. (NYSE:BHVN) rose 8.4% to $36.62.
• MP Materials Corp. (NYSE:MP) gained 7.5% to $17.58. Benchmark analyst Subash Chandra reiterated MP Materials with a Buy and maintained a $30 price target.
• Rent the Runway, Inc. (NASDAQ:RENT) shares gained 7.4% to $21.45 after gaining over 12% on Monday.
• Joby Aviation, Inc. (NYSE:JOBY) rose 7.3% to $5.42.
• JetBlue Airways Corporation (NASDAQ:JBLU) gained 6.1% to $6.39.
• Roku, Inc. (NASDAQ:ROKU) rose 6% to $63.79.

Now Read This: Planet Fitness To Rally Around 19%? Here Are 10 Top Analyst Forecasts For Tuesday

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