Loar Holdings Posts Upbeat Results, Joins Nvidia, Clean Energy Fuels, Penumbra And Other Big Stocks Moving Higher On Tuesday

Author: Avi Kapoor | August 13, 2024 11:44am

U.S. stocks were higher, with the Dow Jones index gaining around 200 points on Tuesday.

Shares of Loar Holdings Inc. (NYSE:LOAR) rose sharply during Tuesday's session after the company reported better-than-expected second-quarter GAAP EPS and sales.

Loar Holdings reported quarterly earnings of 9 cents per share which beat the analyst consensus estimate of 6 cents per share. The company reported quarterly sales of $97.015 million which beat the analyst consensus estimate of $91.700 million.

Loar Holdings shares jumped 18.2% to $73.63 on Tuesday.

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

iLearningEngines, Inc. (NASDAQ:AILE) shares jumped 29% to $3.94 after the company reported better-than-expected second-quarter sales results.
Starbucks Corporation (NASDAQ:SBUX) surged 21.4% to $93.50 after the company announced that Chipotle CEO and Chairman Brian Niccol has been named as Starbucks’ new Chairman and Chief Executive Officer, effective Sept. 9.
PACS Group, Inc. (NYSE:PACS) gained 17% to $37.84 following a second-quarter revenue beat.
Pulse Biosciences, Inc. (NASDAQ:PLSE) jumped 16.8% to $18.29. Pulse Biosciences appointed Paul LaViolette to its board of directors and reported preliminary second quarter 2024 financial results.
Hesai Group (NASDAQ:HSAI) surged 16.3% to $4.14.
Darling Ingredients Inc. (NYSE:DAR) gained 15.3% to $40.70.
Clean Energy Fuels Corp. (NASDAQ:CLNE) rose 14.6% to $3.2312 after the company reported better-than-expected quarterly adjusted EPS results.
ARS Pharmaceuticals, Inc. (NASDAQ:SPRY) gained 14.2% to $12.39 after Raymond James upgraded the stock from Outperform to Strong Buy and raised its price target from $18 to $22.
Clarivate Plc (NYSE:CLVT) gained 12% to $6.16.
Sea Limited (NYSE:SE) climbed 11.2% to $74.42 following mixed quarterly earnings.
Penumbra, Inc. (NYSE:PEN) gained 10.5% to $186.64 after the company announced a $200 million share repurchase authorization..
Upstart Holdings, Inc. (NASDAQ:UPST) gained 10.4% to $37.76.
Semtech Corporation (NASDAQ:SMTC) rose 9.4% to $32.93.
Wayfair Inc. (NYSE:W) gained 8.7% to $41.55.
New York Community Bancorp, Inc. (NYSE:NYCB) rose 8.5% to $10.20.
Elanco Animal Health Incorporated (NYSE:ELAN) gained 8.3% to $14.18.
Unity Software Inc. (NYSE:U) rose 7.7% to $16.38. Unity Software, last week, reported better-than-expected quarterly financial results.
Ascendis Pharma A/S (NASDAQ:ASND) jumped 6.6% to $136.90. Goldman Sachs analyst Paul Choi maintained Ascendis Pharma with a Buy and raised the price target from $170 to $195.
Carvana Co. (NYSE:CVNA) gained 6.4% to $142.11.
Dell Technologies Inc. (NYSE:DELL) rose 5.6% to $100.66 after Barclays upgraded the stock from Underweight to Equal-Weight.
NVIDIA Corporation (NASDAQ:NVDA) gained 5.3% to $114.75. Shares of semiconductor stocks traded higher amid overall market strength following softer-than-expected PPI figures.
Super Micro Computer, Inc. (NASDAQ:SMCI) gained 5.1% to $568.59.