Kohl's Posts Upbeat Q2 Earnings, Joins Box, Waldencast, AeroVironment And Other Big Stocks Moving Higher On Wednesday

Author: Avi Kapoor | August 28, 2024 10:17am

U.S. stocks were mixed, with the Dow Jones index gaining around 50 points on Wednesday.

Shares of Kohl’s Corporation (NYSE:KSS) rose during Wednesday's session following better-than-expected second-quarter financial results.

The company reported a net sales decline of 4.2% Y/Y to $3.525 billion, with comparable sales for the quarter decreasing 5.1% Y/Y. Total revenue stood at $3.732 billion. The analyst consensus estimate was $3.583 billion. EPS was 59 cents, beating the analyst consensus estimate of 44 cents.

Kohl’s shares climbed 5.6% to $20.71 on Wednesday.

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

Waldencast plc (NASDAQ:WALD) jumped 41.5% to $4.0920 after the company reported second-quarter revenue growth.
AeroVironment, Inc. (NASDAQ:AVAV) gained 17.6% to $209.40 after multiple analysts upgraded the stock and raised their price targets.
VNET Group, Inc. (NASDAQ:VNET) gained 17.1% to $2.34 following second-quarter results.
Xiao-I Corporation (NASDAQ:AIXI) rose 12.3% to $5.45.
Bioceres Crop Solutions Corp. (NASDAQ:BIOX) climbed 12.1% to $11.32. Bioceres Crop Solutions received green light for cultivation of Drought Tolerant HB4 Wheat in the United States.
Ambarella, Inc. (NASDAQ:AMBA) surged 11.3% to $58.82 after the company reported better-than-expected second-quarter adjusted EPS and sales.
Box, Inc. (NYSE:BOX) gained 10.1% to $31.73 after the company reported better-than-expected second-quarter financial results and issued FY25 guidance above estimates.
MannKind Corporation (NASDAQ:MNKD) jumped 10.2% to $5.93. Oppenheimer analyst Steven Lichtman maintained MannKind with an Outperform and raised the price target from $10 to $12.
Westrock Coffee Company (NASDAQ:WEST) gained 9.9% to $9.35. Westrock Coffee Company commenced warrant exchange offer and consent solicitation.
The Hain Celestial Group, Inc. (NASDAQ:HAIN) gained 10.2% to $8.93. Hain Celestial Group, on Tuesday, reported better-than-expected quarterly adjusted EPS results
AvePoint, Inc. (NASDAQ:AVPT) jumped 8.5% to $11.69 after the company announced it commenced an offer to purchase all outstanding public warrants to purchase shares of its common stock at $2.50 per share without interest.
Chewy, Inc. (NYSE:CHWY) gained 8.2% to $28.04 following quarterly results.
Concentrix Corporation (NASDAQ:CNXC) gained 4.4% to $75.49. B of A Securities analyst Ruplu Bhattacharya upgraded Concentrix from Underperform to Neutral and raised the price target from $65 to $85.
Bristol-Myers Squibb Company (NYSE:BMY) rose 3.3% to $49.68.