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XPeng Posts Strong Results, Joins Larimar Therapeutics, Transcat And Other Big Stocks Moving Higher On Tuesday

Benzinga ·  May 21 22:38

U.S. stocks were mostly higher, with the Dow Jones index gaining around 50 points on Tuesday.

Shares of XPeng Inc. (NYSE:XPEV) rose sharply during Tuesday's session after the company reported better-than-expected first-quarter results and issued second-quarter guidance.

XPeng reported fiscal first-quarter sales growth of 62.3% year-on-year, to 6.55 billion Chinese Yuan ($0.91 billion), beating the analyst consensus estimate of 6.17 billion Chinese Yuan ($0.87 billion). Total revenues declined 49.8% sequentially. Adjusted net loss per ADS of $0.21 beat the analyst consensus loss estimate of $0.27, according to data from Benzinga Pro.

XPeng shares jumped 10% to $9.12 on Tuesday.

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

  • Waldencast plc (NASDAQ:WALD) shares climbed 15% to $5.00 following first-quarter results.
  • Larimar Therapeutics, Inc.. (NASDAQ:LRMR) gained 12.3% to $8.16 after the company announced that the FDA removed the partial clinical hold previously placed on the nomlabofusp clinical program.
  • Nukkleus Inc. (NASDAQ:NUKK) surged 11.4% to $1.0299
  • Transcat, Inc. (NASDAQ:TRNS) climbed 10.1% to $136.63 following better-than-expected quarterly earnings.
  • Bloom Energy Corporation (NYSE:BE) gained 9.7% to $14.18.
  • Tandem Diabetes Care, Inc. (NASDAQ:TNDM) climbed 8.6% to $51.28.
  • Mesoblast Limited (NASDAQ:MESO) gained 8.1% to $7.90.
  • Iris Energy Limited (NASDAQ:IREN) rose 8% to $6.87.
  • Nikola Corporation (NASDAQ:NKLA) climbed 6.2% to $0.56. The company announced that AiLO Logistics, a significant drayage carrier operating in the Ports of Los Angeles and Long Beach, has placed a 100-truck order of Nikola hydrogen fuel cell electric vehicles from Tom's Truck Centers, a member of the Nikola sales and service dealer network..
  • Lotus Technology Inc. (NASDAQ:LOT) gained 6.1% to $9.06.
  • Dollar General Corporation (NYSE:DG) rose 4.4% to $143.88

Now Read This: Top 5 Health Care Stocks Which Could Rescue Your Portfolio This Month

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