Argan Reports Strong Earnings, Joins Geron, Planet Labs PBC And Other Big Stocks Moving Higher On Friday

Author: Avi Kapoor | June 07, 2024 10:19am

U.S. stocks were mixed, with the Dow Jones index gaining around 0.1% on Friday.

Shares of Argan, Inc. (NYSE:AGX) rose sharply during Friday's session after the company reported better-than-expected first-quarter financial results.

Argan posted quarterly earnings of 58 cents per share, beating market estimates of 52 cents per share. The company's quarterly sales came in at $157.68 million versus expectations of $134.75 million, according to data from Benzinga Pro.

Argan shares climbed 11.1% to $76.78 on Thursday.

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

Geron Corporation (NASDAQ:GERN) shares climbed 26% to $4.90 as the company reported the FDA approval of RYTELO™ (imetelstat), a first-in-class telomerase inhibitor, for the treatment of adult patients with lower-risk MDS with transfusion-dependent anemia.
SunPower Corporation (NASDAQ:SPWR) shares jumped 18.8% to $4.11.
Oddity Tech Ltd. (NASDAQ:ODD) rose 18.3% to $43.49 after the company approved a share buyback and raised its Q2 guidance.
Yext, Inc. (NYSE:YEXT) climbed 14.7% to $5.42. Yext is said to hire investment bankers to explore strategic alternatives, including a sale, Reuters reported.
Planet Labs PBC (NYSE:PL) climbed 9.6% to $1.9950 following better-than-expected quarterly earnings.
Limoneira Company (NASDAQ:LMNR) gained 9.4% to $22.27 as the company reported financial results for the second quarter ended April 30, 2024.
Esperion Therapeutics, Inc. (NASDAQ:ESPR) gained 8.7% to $2.6850.
Waldencast plc (NASDAQ:WALD) rose 8.6% to $4.77.
NWTN Inc. (NASDAQ:NWTN) climbed 8.5% to $2.17.
Dave Inc. (NASDAQ:DAVE) gained 7.8% to $39.57. B. Riley Securities analyst Hal Goetsch initiated coverage on Dave with a Buy rating and announced a price target of $60.
Mobileye Global Inc. (NASDAQ:MBLY) rose 7.6% to $29.48.
Credo Technology Group Holding Ltd (NASDAQ:CRDO) gained 7.2% to $27.72.
Braze, Inc. (NASDAQ:BRZE) gained 4.2% to $38.32 following better-than-expected first-quarter earnings.
Carvana Co. (NYSE:CVNA) rose 3.7% to $108.49.