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Cintas Reports Upbeat Earnings, Joins PaySign, Noah Holdings And Other Big Stocks Moving Higher On Wednesday

Benzinga ·  Mar 27 22:03

U.S. stocks were higher, with the Dow Jones index gaining around 300 points on Wednesday.

Shares of Cintas Corporation (NASDAQ:CTAS) rose sharply during Wednesday's session after the company reported better-than-expected third-quarter financial results and raised FY24 guidance.

Cintas posted GAAP earnings of $3.84 per share, beating market estimates of $3.59 per share. The company's quarterly sales came in at $2.406 billion, versus expectations of $2.386 billion, according to data from Benzinga Pro.

Cintas shares climbed 9.7% to $694.62 on Wednesday.

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

  • PaySign, Inc. (NASDAQ:PAYS) shares jumped 28.2% to $4.3299 after the company announced better-than-expected fourth-quarter results.
  • Noah Holdings Limited (NYSE:NOAH) climbed 17.5% to $11.89 after the company reported fourth quarter financial results.
  • NuScale Power Corporation (NYSE:SMR) gained 17.5% to $4.89.
  • The ONE Group Hospitality, Inc. (NASDAQ:STKS) shares climbed 17.2% to $4.70 after the company announced that it will acquire Safflower Holdings.
  • Trump Media & Technology Group Corp. (NASDAQ:DJT) climbed 16.7% to $67.68 after jumping 16% on Tuesday.
  • nCino, Inc. (NASDAQ:NCNO) rose 15.2% to $34.78 as the company reported better-than-expected fourth-quarter results and issued FY25 adjusted earnings guidance above estimates..
  • Lexicon Pharmaceuticals, Inc. (NASDAQ:LXRX) gained 11.6% to $2.22.
  • Nuvation Bio Inc. (NYSE:NUVB) rose 11.3% to $3.2050 after Jefferies upgraded the stock from Hold to Buy and raised its price target from $1.40 to $10.
  • Annexon, Inc. (NASDAQ:ANNX) gained 10.6% to $7.61 following quarterly results.
  • NovoCure Limited (NASDAQ:NVCR) gained 8.6% to $14.19 after the company's METIS Phase 3 trial met primary endpoint, demonstrating statistically significant extension in time to intracranial progression for brain metastases from non-small cell lung cancer.
  • Akebia Therapeutics, Inc. (NASDAQ:AKBA) gained 8% to $2.16.
  • Semtech Corporation (NASDAQ:SMTC) shares gained 7.8% to $27.12.
  • Marvell Technology, Inc. (NASDAQ:MRVL) rose 5.6% to $72.04.
  • The E.W. Scripps Company (NASDAQ:SSP) gained 5.6% to $3.8650.
  • Wayfair Inc. (NYSE:W) rose 5.4% to $68.27.
  • Merck & Co., Inc. (NYSE:MRK) gained 4.4% to $131.09 after the company received FDA approval for Winrevair (sotatercept) for adults with pulmonary arterial hypertension.
  • Kohl's Corporation (NYSE:KSS) rose 4.1% to $27.36.

Now Read This: Top 3 Consumer Stocks That May Rocket Higher This Quarter

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