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Ecolab Posts Strong Results, Joins Masonite International, Impinj And Other Big Stocks Moving Higher On Tuesday

Benzinga ·  Feb 13 23:09

U.S. stocks were lower, with the Dow Jones index dipping more than 500 points on Tuesday.

Shares of Ecolab Inc. (NYSE:ECL) rose during Tuesday's session after the company reported better-than-expected fourth-quarter financial results and issued first-quarter adjusted EPS guidance above estimates.

Ecolab posted adjusted earnings of $1.55 per share, beating market estimates of $1.54 per share. The company's quarterly sales came in at $3.94 billion versus estimates of $3.93 billion, according to data from Benzinga Pro.

Ecolab shares gained 6.4% to $216.00 on Tuesday.

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

  • Whole Earth Brands, Inc. (NASDAQ:FREE) gained 35.3% to $4.75. Whole Earth Brands signed a definitive agreement to be acquired by affiliates of Sababa Holdings FREE, LLC for $4.875 per share in an all-cash transaction.
  • Larimar Therapeutics, Inc. (NASDAQ:LRMR) jumped 25.4% to $9.82. JMP Securities analyst Jonathan Wolleben maintained Larimar Therapeutics with a Market Outperform and raised the price target from $17 to $25.
  • Jin Medical International Ltd. (NASDAQ:ZJYL) rose 22.4% to $10.17.
  • Tripadvisor, Inc. (NASDAQ:TRIP) shares gained 18.5% to $26.50 after the company announced it formed a Special Committee of independent members of its board of directors to evaluate proposals.
  • LianBio (NASDAQ:LIAN) climbed 17.8% to $4.76. LianBio completed strategic review and determined to initiate the wind down of its operations, including sale of remaining pipeline assets, delisting of ADSs and workforce reductions.
  • JetBlue Airways Corporation (NASDAQ:JBLU) shares gained 13.5% to $6.89 after Carl Icahn disclosed a 9.91% stake in the company in a 13D filing on Monday.
  • Procaps Group S.A. (NASDAQ:PROC) gained 11.6% to $3.28.
  • ZoomInfo Technologies Inc. (NASDAQ:ZI) climbed 10.3% to $17.68 as the company reported stronger-than-expected fourth-quarter financial results.
  • Bruker Corporation (NASDAQ:BRKR) gained 9.9% to $77.60 following upbeat results.
  • WK Kellogg Co (NYSE:KLG) surged 9.2% to $13.77 following strong sales.
  • Medpace Holdings, Inc. (NASDAQ:MEDP) gained 8.9% to $353.18 following upbeat earnings.
  • Aspen Aerogels, Inc. (NYSE:ASPN) rose 8.8% to $13.49 following strong results.
  • Korro Bio, Inc. (NASDAQ:KRRO) gained 7.3% to $58.99.
  • Ramaco Resources, Inc. (NASDAQ:METC) rose 6.5% to $18.01 after the company issued guidance update on the fourth quarter and FY23 results.
  • Manchester United plc (NYSE:MANU) rose 6.4% to $20.86.
  • Value Line, Inc. (NASDAQ:VALU) gained 6% to $44.54.
  • Waste Management, Inc. (NYSE:WM) rose 4.7% to $197.12 following upbeat results.

Now Read This: Insiders Buying Rockwell Automation And 2 Other Stocks

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