Heico Posts Upbeat Earnings, Joins Surmodics, Abercrombie & Fitch And Other Big Stocks Moving Higher On Wednesday

Author: Avi Kapoor | May 29, 2024 10:38am

U.S. stocks were lower, with the Dow Jones index falling more than 300 points on Wednesday.

Shares of HEICO Corporation (NYSE:HEI) rose sharply during Wednesday's session following a second-quarter earnings beat.

Heico posted quarterly GAAP earnings of 88 cents per share, beating market estimates of 81 cents per share. The company's quarterly sales came in at $955.395 million versus expectations of $951.206 million, according to data from Benzinga Pro.

HEICO shares gained 4.6% to $221.76 on Wednesday.

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

AST SpaceMobile, Inc. (NASDAQ:ASTS) shares gained 29% to $6.88 after the company announced a partnership with Verizon for direct-to-cellular AST SpaceMobile service when needed for Verizon customers.
Ooma, Inc. (NYSE:OOMA) gained 22.3% to $9.66 after the company reported better-than-expected first-quarter financial results and issued strong guidance for the second quarter.
SOPHiA GENETICS SA (NASDAQ:SOPH) gained 21.1% to $5.96.
Surmodics, Inc. (NASDAQ:SRDX) climbed 20.3% to $42.23 after the company announced it will be acquired by GTCR for $43 per share in cash for a total equity valuation of roughly $627 million.
Abercrombie & Fitch Co. (NYSE:ANF) shares rose 15.9% to $176.57 following better-than-expected first-quarter financial results.
DICK’S Sporting Goods, Inc. (NYSE:DKS) gained 15.8% to $225.87 as the company reported better-than-expected first-quarter FY24 earnings and raised the outlook.
Semler Scientific, Inc. (NASDAQ:SMLR) surged 14.8% to $33.28. The company recenyly announced that its board of directors adopted bitcoin as its primary treasury reserve asset.
Gyre Therapeutics, Inc. (NASDAQ:GYRE) jumped 12.3% to $11.40. Gyre Therapeutics announced expected addition to the Russell 2000® and Russell 3000® Indexes.
Immunovant, Inc. (NASDAQ:IMVT) gained 11.3% to $31.66.
Hello Group Inc. (NASDAQ:MOMO) jumped 9.8% to $5.32.
Marathon Oil Corporation (NYSE:MRO) jumped 9.6% to $29.00 after ConocoPhillips announced it will acquire the company.
Box, Inc. (NYSE:BOX) jumped 9.1% to $27.30 as the company reported its first-quarter financial results.
N-able, Inc. (NASDAQ:NABL) gained 9% to $13.74 following a report suggesting the company is running a sale process amid takeover interest.
Titan Machinery Inc. (NASDAQ:TITN) rose 8.2% to $19.18.
Daqo New Energy Corp. (NYSE:DQ) gained 8% to $21.53.
JinkoSolar Holding Co., Ltd. (NYSE:JKS) jumped 4.9% to $29.78.