Build-A-Bear Workshop Posts Upbeat Earnings, Joins Affirm, Nutanix, Cooper Companies, Veeva Systems And Other Big Stocks Moving Higher On Thursday

Author: Avi Kapoor | August 29, 2024 01:06pm

U.S. stocks were higher, with the Dow Jones index gaining around 400 points on Thursday.

Shares of Build-A-Bear Workshop, Inc. (NYSE:BBW) rose sharply during Thursday’s session following better-than-expected second-quarter financial results.

Build-A-Bear reported second-quarter revenue growth of 2.4% Y/Y to $111.8 million, beating the analyst consensus of $108.5 million. EPS of 64 cents (+12.3% Y/Y), beating the Wall Street view of 57 cents.

Build-A-Bear shares jumped 19.7% to $33.37 on Thursday.

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

Affirm Holdings, Inc. (NASDAQ:AFRM) shares jumped 33.2% to $42.06 following strong fourth-quarter earnings and upbeat first-quarter guidance.
Eos Energy Enterprises, Inc. (NASDAQ:EOSE) gained 22.2% to $2.6750 after the company announced it achieved first performance milestones related to Carberus Capital Management’s investment, allowing the company to draw an additional $30 million from the delayed draw term loan.
Nutanix, Inc. (NASDAQ:NTNX) gained 20.9% to $63.22 after the company reported better-than-expected fourth-quarter financial results and issued FY25 revenue guidance above estimates.
Eliem Therapeutics, Inc. (NASDAQ:ELYM) jumped 20.1% to $7.45.
Iris Energy Limited (NASDAQ:IREN) gained 19.6% to $8.89 after the company announced a year-over-year increase in FY24 Bitcoin mining revenue.
Polestar Automotive Holding UK PLC (NASDAQ:PSNY) rose 15.7% to $1.0950 after the company reported a quarter-over-quarter increase in second-quarter deliveries.
Best Buy Co., Inc. (NYSE:BBY) gained 14.5% to $100.49 after the company reported better-than-expected quarterly financial results raised its FY25 earnings guidance.
iRhythm Technologies, Inc. (NASDAQ:IRTC) rose 13.2% to $77.59. iRhythm Technologies expanded global reach with the launch of Zio® Cardiac Arrhythmia Monitoring Service in Austria, the Netherlands, Switzerland, and Spain.
Astera Labs, Inc. (NASDAQ:ALAB) gained 12% to $48.75.
The Cooper Companies, Inc. (NYSE:COO) rose 11.1% to $105.00 after the company reported better-than-expected third-quarter financial results and issued FY25 guidance above estimates. Also, Baird and Wells Fargo raised their respective price targets on the stock.
Kanzhun Limited (NASDAQ:BZ) gained 10.1% to $12.06 after the company announced it authorized an additional repurchase of $150 million of its shares in conjunction with its existing $200 million buyback.
Veeva Systems Inc. (NYSE:VEEV) climbed 8.8% to $216.85 after the company reported better-than-expected second-quarter financial results and issued FY25 adjusted EPS guidance above estimates.
GameStop Corp. (NYSE:GME) rose 8.5% to $21.62. The company issued a notice to terminate its $250 million credit facility.
Stevanato Group S.p.A. (NYSE:STVN) gained 8.3% to $21.94.
Li Auto Inc. (NASDAQ:LI) rose 6.5% to $18.97 after B of A maintained a Buy rating on the stock and raised its price target from $30 to $31.
Canadian Imperial Bank of Commerce (NYSE:CM) gained 6% to $57.81 after the company reported better-than-expected quarterly financial results.
West Pharmaceutical Services, Inc. (NYSE:WST) rose 6% to $315.43.
Nokia Oyj (NYSE:NOK) gained 5.8% to $4.4350 following a report suggesting that Samsung has an interest in the company’s mobile networks assets.
NIO Inc. (NYSE:NIO) gained 5.7% to $3.9127.
Arm Holdings plc (NASDAQ:ARM) gained 5.6% to $132.39.