Toll Brothers Posts Strong Earnings, Joins Keysight, Coty, TJX And Other Big Stocks Moving Higher On Wednesday

Author: Avi Kapoor | August 21, 2024 01:48pm

U.S. stocks were higher, with the Nasdaq Composite gaining around 50 points on Wednesday.

Shares of Toll Brothers, Inc. (NYSE:TOL) rose sharply during Wednesday's session after the company reported better-than-expected third-quarter financial results and issued FY24 EPS guidance above estimates.

The company reported adjusted EPS of $3.60, beating analysts estimate of $3.31 and sales of $2.73 billion, beating analysts estimate of $2.71 billion.

Toll Brothers shares climbed 6.5% to $142.27 on Wednesday.

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

BigBear.ai Holdings, Inc. (NYSE:BBAI) shares gained 30.1% to $1.7312 after the company received an award as a subcontractor to Concept Solutions.
PROCEPT BioRobotics Corporation (NASDAQ:PRCT) jumped 26% to $81.89 after the company announced FDA 510(k) clearance of its HYDROS Robotic system.
Tempus AI, Inc (NASDAQ:TEM) gained 17.6% to $69.09.
GDS Holdings Limited (NASDAQ:GDS) jumped 16.6% to $14.70 after its second-quarter FY24 results.
Eos Energy Enterprises, Inc. (NASDAQ:EOSE) climbed 14.4% to $2.1650 after Stifel maintained a Buy rating on the stock and announced a price target of $6.
UTime Limited (NASDAQ:WTO) gained 14.4% to $1.6478 after the company announced a collaboration with Dr. Ehud Baron.
Kyverna Therapeutics, Inc. (NASDAQ:KYTX) jumped 13.6% to $8.42.
Trump Media & Technology Group Corp. (NASDAQ:DJT) gained 13.4% to $24.28 amid a possible rebound due to President Trump’s first outdoor rally since the attempted assassination and campaign attention during the ongoing Democratic National Convention. Robert F. Kennedy Jr’s running mate, Nicole Shanahan, mentioned in a podcast yesterday that the third party’s campaign is weighing options that include joining forces with Donald Trump.
Keysight Technologies, Inc. (NYSE KEYS) rose 12.6% to $156.13 following better-than-expected third-quarter financial results.
Globalstar, Inc. (NYSE:GSAT) gained 12.6% to $1.4350.
Target Corporation (NYSE:TGT) climbed 12.2% to $160.79 following upbeat quarterly earnings.
QXO, Inc. (NASDAQ:QXO) rose 11.8% to $13.87.
Credo Technology Group Holding Ltd (NASDAQ:CRDO) climbed 10.7% to $35.44.
Vipshop Holdings Limited (NYSE:VIPS) gained 9.3% to $12.64. CLSA analyst Leo You downgraded Vipshop from Outperform to Hold and lowered the price target from $15.8 to $12.
AST SpaceMobile, Inc. (NASDAQ:ASTS) rose 8.3% to $37.17.
Coty Inc. (NYSE:COTY) gained 6.4% to $10.14 following fourth-quarter results.
The TJX Companies, Inc. (NYSE:TJX) rose 6% to $120.04 following strong quarterly earnings.