Macy's, Koss And Other Big Stocks Moving Higher On Friday

Author: Avi Kapoor | July 05, 2024 10:18am

U.S. stocks were mixed, with the Dow Jones index falling around 90 points on Friday.

Shares of Macy’s, Inc. (NYSE:M) rose sharply during Friday's session.

An investor group aiming to purchase Macy's has reportedly increased its bid for the second time after previous offers failed. Arkhouse Management and Brigade Capital Management recently raised their proposal by approximately $300 million, reported The Wall Street Journal.

Macy’s shares jumped 10.4% to $19.79 on Friday.

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

Koss Corporation (NASDAQ:KOSS) shares gained 41.7% to $15.07, possibly on continued retail investor interest.
NANO Nuclear Energy Inc. (NASDAQ:NNE) gained 17.7% to $27.85.
Sirius XM Holdings Inc. (NASDAQ:SIRI) shares rose 12.6% to $3.9750.
Mesoblast Limited (NASDAQ:MESO) gained 11.6% to $7.60.
Eos Energy Enterprises, Inc. (NASDAQ:EOSE) gained 10.1% to $1.9495. Eos Energy recently expanded a project with Indian Energy and the California Energy Commission.
Fitell Corporation (NASDAQ:FTEL) gained 8.9% to $31.98.
DigiAsia Corp. (NASDAQ:FAAS) rose 8.9% to $5.95.
Insmed Incorporated (NASDAQ:INSM) climbed 8.3% to $67.26. Insmed reported inducement grants under NASDAQ Listing Rule 5635(c)(4).
Hertz Global Holdings, Inc. (NASDAQ:HTZ) gained 7.6% to $3.77. Oppenheimer analyst Ian Zaffino maintained Hertz Global with a Perform rating.
Arm Holdings plc (NASDAQ:ARM) shares rose 7.4% to $180.54.
Smith & Nephew plc (NYSE:SNN) gained 7.2% to $26.93 after a Form6 filing showed Cevian Capital II GP Limited reported a 5.021046% stake in the company.
Archer Aviation Inc. (NYSE:ACHR) rose 5.8% to $4.45. Archer Aviation 10% owner SFS UK 1 LTD. acquired a total of 17,401,153 shares at an average price of $3.16.
AppLovin Corporation (NASDAQ:APP) gained 4.4% to $90.79. AppLovin is expected to report financial results for the second quarter on Wednesday, Aug. 7.