HP Posts Upbeat Earnings, Joins Foot Locker, American Superconductor, Red Robin Gourmet Burgers And Other Big Stocks Moving Higher On Thursday

Author: Avi Kapoor | May 30, 2024 10:45am

U.S. stocks were lower, with the Dow Jones index falling around 1% on Thursday.

Shares of HP Inc. (NYSE:HPQ) rose sharply during Thursday's session following better-than-expected second-quarter financial results.

Net revenue declined 0.8% Y/Y to $12.8 billion, beating the consensus of $12.6 billion. Adjusted EPS rose 4% Y/Y to 82 cents, surpassing the street view of 81 cents, according to data from Benzinga Pro.

HP shares climbed 12.5% to $36.94 on Thursday.

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

Latam Logistic Properties, S.A. (NYSE:LPA) shares jumped 61% to $53.35.
Foot Locker, Inc. (NYSE:FL) rose 25.9% to $28.35 following a first-quarter earnings beat.
American Superconductor Corporation (NASDAQ:AMSC) shares jumped 25.4% to $19.79 following strong quarterly earnings.
Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) climbed 22% to $8.21 following first-quarter results.
American Superconductor Corporation (NASDAQ:AMSC) shares rose 19.4% to $18.85 following strong quarterly earnings.
Burlington Stores, Inc. (NYSE:BURL) gained 19.2% to $238.93 following better-than-expected first-quarter earnings.
Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) climbed 18.4% to $3.7088.
Fitell Corporation (NASDAQ:FTEL) gained 15.1% to $19.57.
Alignment Healthcare, Inc. (NASDAQ:ALHC) rose 12.6% to $7.86 after Baird initiated coverage on the stock with an Outperform rating and $10 price target.
C3.ai, Inc. (NYSE:AI) rose 12.2% to $26.89 following strong fourth-quarter earnings.
Credo Technology Group Holding Ltd (NASDAQ:CRDO) climbed 12.5% to $22.76 following upbeat earnings.
Forward Air Corporation (NASDAQ:FWRD) rose 11.5% to $15.98
Birkenstock Holding plc (NYSE:BIRK) climbed 10.5% to $55.26 after the company reported strong second-quarter earnings and raised its full-year revenue growth guidance.
BW LPG Limited (NYSE:BWLP) rose 10.4% to $20.17 following first-quarter earnings.
Best Buy Co., Inc. (NYSE:BBY) jumped 9% to $78.37 following first-quarter earnings.
Insmed Incorporated (NASDAQ:INSM) gained 8.9% to $58.33. Insmed announced pricing of $650 million public offering of 12,621,359 shares at $51.50 per share.
Biohaven Ltd. (NYSE:BHVN) rose 8.5% to $35.99. Biohaven recently announced pipeline and portfolio updates.
United States Cellular Corporation (NYSE:USM) gained 8.1% to $47.76.
Advance Auto Parts, Inc. (NYSE:AAP) shares gained 5.4% to $65.88.
Bank OZK (NASDAQ:OZK) gained 4.8% to $41.51.