G-III Apparel Posts Upbeat Results, Joins NIO, Yext, Shoe Carnival And Other Big Stocks Moving Higher On Thursday

Author: Avi Kapoor | September 05, 2024 01:44pm

U.S. stocks were mostly lower, with the Dow Jones index falling around 300 points on Thursday.

Shares of G-III Apparel Group, Ltd. (NASDAQ:GIII) rose sharply during Thursday's session after the company reported better-than-expected second-quarter adjusted EPS results and issued its FY25 guidance above estimates.

G-III Apparel Group reported second-quarter adjusted earnings per share of 52 cents, beating the analyst consensus of 27 cents. Quarterly revenues of $644.75 million (down 2%) missed the street view of $649.44 million.

G-III Apparel Group shares surged 23.6% to $30.95 on Thursday.

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

Applied Digital Corporation (NASDAQ:APLD) shares jumped 68.1% to $5.45 after the company entered agreements for a $160 million private placement financing priced at market, from a group of institutional and accredited investors including NVIDIA and Related Companies.
EchoStar Corporation (NASDAQ:SATS) gained 14.9% to $21.15.
Larimar Therapeutics, Inc. (NASDAQ:LRMR) climbed 13.5% to $8.81.
Uniti Group Inc. (NASDAQ:UNIT) rose 13.3% to $5.32.
Yext, Inc. (NYSE:YEXT) climbed 13% to $5.56 after the company reported better-than-expected second-quarter adjusted EPS results and issued FY25 revenue guidance above estimates. Also, Needham upgraded the stock from Hold to Buy and announced an $8 price target.
Perpetua Resources Corp. (NASDAQ:PPTA) rose 11.8% to $9.05 after the company announced the U.S. forest service has completed the final environmental impact statement and issued a draft record of decision authorizing the Stibnite gold project.
Vestis Corporation (NYSE:VSTS) gained 11.7% to $15.28 following a report suggesting Elis SA made an offer to buy the company.
WK Kellogg Co (NYSE:KLG) climbed 10.7% to $18.63.
NIO Inc. (NYSE:NIO) gained 10.4% to $4.6850 after the company reported second-quarter financial results and issued better-than-expected third-quarter outlook..
Shoe Carnival, Inc. (NASDAQ:SCVL) rose 10% to $41.32 after the company reported better-than-expected second-quarter revenue results. Also, the company raised its FY24 guidance.
Primo Water Corporation (NASDAQ:PRMW) gained 9.4% to $23.92.
QuidelOrtho Corporation (NASDAQ:QDEL) gained 8.5% to $43.79. Craig-Hallum analyst Alexander Nowak upgraded QuidelOrtho from Hold to Buy and raised the price target from $40 to $57.
Polestar Automotive Holding UK PLC (NASDAQ:PSNY) gained 8.3% to $1.3095.
Myriad Genetics, Inc. (NASDAQ:MYGN) gained 7.9% to $27.36.
Zeta Global Holdings Corp. (NYSE:ZETA) gained 7.8% to $26.83. Zeta Global priced $204.9 million public offering of 13.2 million class A common shares at $23.50 per share.
Sotera Health Company (NASDAQ:SHC) gained 7.7% to $16.59. The company announced a secondary offering of 25 million shares.
Dollar Tree, Inc. (NASDAQ:DLTR) rose 6.2% to $67.52. Dollar Tree, on Wednesday, reported worse-than-expected second-quarter 2024 earnings.