Casey's Reports Upbeat Earnings, Joins Avidity Biosciences, Rentokil Initial And Other Big Stocks Moving Higher On Wednesday

Author: Avi Kapoor | June 12, 2024 10:15am

U.S. stocks were higher, with the Nasdaq Composite gaining over 250 points on Wednesday.

Shares of Casey’s General Stores, Inc. (NASDAQ:CASY) rose sharply during Wednesday's session after the company reported better-than-expected quarterly financial results. Also, the company increased its quarterly dividend.

Sales of $3.60 billion exceeded the street view of $3.48 billion. EPS of $2.34 beat the consensus of $1.72, according to data from Benzinga Pro.

Casey’s General Stores shares jumped 16.5% to $380.41 on Wednesday.

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

Avidity Biosciences, Inc. (NASDAQ:RNA) surged 27% to $36.56 after the company announced initial AOC 1020 data from the Phase 1/2 FORTITUDE trial demonstrating reductions of greater than 50% in DUX4 regulated genes, trends of functional improvement, and favorable safety and tolerability in people living with facioscapulohumeral muscular dystrophy.
Rentokil Initial plc (NYSE:RTO) jumped 15.5% to $31.10 following a report suggesting Trian has amassed a stake in the company.
Affirm Holdings, Inc. (NASDAQ:AFRM) climbed 13.8% to $38.45. Brittain Resorts & Hotels selected Affirm as exclusive pay over time partner to bring hotel guests a more flexible way to book accommodations.
Zillow Group, Inc. (NASDAQ:ZG) rose 12.8% to $47.12. Zillow Group Director Jay C Hoag acquired a total of 2,338,036 shares at an average price of $42.76.
Element Solutions Inc (NYSE:ESI) gained 12.6% to $26.72 as the company increased second quarter and full year guidance.
Dyne Therapeutics, Inc. (NASDAQ:DYN) jumped 11.2% to $34.43.
Oracle Corporation (NYSE:ORCL) shares jumped 10.7% to $137.08 after the company reported fourth-quarter financial results. Oracle posted weaker-than-expected earnings for its fiscal fourth quarter. The company also announced a partnership with Alphabet Inc’s (NASDAQ:GOOGL) (NASDAQ:GOOG) Google Cloud.
Vornado Realty Trust (NYSE:VNO) rose 10.3% to $26.18.
Upstart Holdings, Inc. (NASDAQ:UPST) gained 10.3% to $26.83.
Enovix Corporation (NASDAQ:ENVX) climbed 9.9% to $13.58.
Core & Main, Inc. (NYSE:CNM) gained 9.2% to $51.51 as the company announced a $500 million share repurchase authorization.
SL Green Realty Corp. (NYSE:SLG) rose 9.1% to $57.38.
Sunrun Inc. (NASDAQ:RUN) gained 8.3% to $15.76.
Walker & Dunlop, Inc. (NYSE:WD) gained 8.1% to $99.70.
FMC Corporation (NYSE:FMC) gained 4% to $59.37.
Apple Inc. (NASDAQ:AAPL) rose 3.7% to $214.73.