Marvell Technology Posts Upbeat Sales, Joins MongoDB, Intel, MINISO Group And Other Big Stocks Moving Higher On Friday

Author: Avi Kapoor | August 30, 2024 10:15am

U.S. stocks were higher, with the Nasdaq Composite gaining around 150 points on Friday.

Shares of Marvell Technology, Inc. (NASDAQ:MRVL) rose during Friday's session after the company reported better-than-expected quarterly sales results.

Marvell reported quarterly GAAP earnings of 30 cents per share, in-line with the analyst consensus estimate. Quarterly sales came in at $1.27 billion, which beat the analyst consensus estimate by 1.65%.

Marvell Technology shares gained 6.1% to $74.09 on Friday.

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

Leslie’s, Inc. (NASDAQ:LESL) shares jumped 18.2% to $2.9552.
MongoDB, Inc. (NASDAQ:MDB) gained 15.8% to $284.62 after the company reported better-than-expected second-quarter financial results and issued strong guidance on Thursday.
Intuitive Machines, Inc. (NASDAQ:LUNR) jumped 15.3% to $5.56 after the company was awarded a $116.9 million NASA contract to deliver six science and technology payloads to the Moon.
Polestar Automotive Holding UK PLC (NASDAQ:PSNY) gained 10.7% to $1.1850. Cantor Fitzgerald analyst Andres Sheppard reiterated Polestar Automotive with an Overweight and maintained a $3 price target.
BridgeBio Pharma, Inc. (NASDAQ:BBIO) gained 10.1% to $27.09 in reaction to Alnylam Pharmaceuticals’ detailed data from HELIOS-B Phase 3 study of vutrisiran. BridgeBio Pharma has ATTR-CM therapy acoramidis, currently under FDA priority review with an action date of November 29.
Cool Company Ltd. (NYSE:CLCO) rose 9.6% to $12.06. Cool Co recently reported better-than-expected quarterly sales.
ZEEKR Intelligent Technology Holding Limited (NYSE:ZK) gained 8.3% to $17.54.
Highest Performances Holdings Inc. (NASDAQ:HPH) rose 7.9% to $1.9638.
Titan Machinery Inc. (NASDAQ:TITN) gained 7.9% to $15.36.
Intel Corporation (NASDAQ:INTC) rose 7.8% to $21.70 following a report suggesting the company is weighing options including splitting its product design and manufacturing businesses.
Banco Macro S.A. (NYSE:BMA) gained 7.8% to $60.07. JP Morgan analyst Domingos Falavina upgraded Banco Macro from Underweight to Neutral and raised the price target from $14 to $78.
MINISO Group Holding Limited (NYSE:MNSO) gained 5.5% to $17.23 after the company reported fourth-quarter financial results and announced a share repurchase program of HK$2 billion.
Frontline plc (NYSE:FRO) gained 4.6% to $24.41 following strong quarterly sales.
Autodesk, Inc. (NASDAQ:ADSK) rose 4% to $268.33 as the company posted better-than-expected second-quarter EPS and revenues on Thursday.
CrowdStrike Holdings, Inc. (NASDAQ:CRWD) gained 4% to $282.45. HSBC analyst Stephen Bersey upgraded CrowdStrike from Hold to Buy and raised the price target from $302 to $339.