Argan Reports Strong Earnings, Joins Geron, Planet Labs PBC And Other Big Stocks Moving Higher On Friday

Benzinga ·  Jun 7 22:19

U.S. stocks were mixed, with the Dow Jones index gaining around 0.1% on Friday.

Shares of Argan, Inc. (NYSE:AGX) rose sharply during Friday's session after the company reported better-than-expected first-quarter financial results.

Argan posted quarterly earnings of 58 cents per share, beating market estimates of 52 cents per share. The company's quarterly sales came in at $157.68 million versus expectations of $134.75 million, according to data from Benzinga Pro.

Argan shares climbed 11.1% to $76.78 on Thursday.

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

  • Geron Corporation (NASDAQ:GERN) shares climbed 26% to $4.90 as the company reported the FDA approval of RYTELO (imetelstat), a first-in-class telomerase inhibitor, for the treatment of adult patients with lower-risk MDS with transfusion-dependent anemia.
  • SunPower Corporation (NASDAQ:SPWR) shares jumped 18.8% to $4.11.
  • Oddity Tech Ltd. (NASDAQ:ODD) rose 18.3% to $43.49 after the company approved a share buyback and raised its Q2 guidance.
  • Yext, Inc. (NYSE:YEXT) climbed 14.7% to $5.42. Yext is said to hire investment bankers to explore strategic alternatives, including a sale, Reuters reported.
  • Planet Labs PBC (NYSE:PL) climbed 9.6% to $1.9950 following better-than-expected quarterly earnings.
  • Limoneira Company (NASDAQ:LMNR) gained 9.4% to $22.27 as the company reported financial results for the second quarter ended April 30, 2024.
  • Esperion Therapeutics, Inc. (NASDAQ:ESPR) gained 8.7% to $2.6850.
  • Waldencast plc (NASDAQ:WALD) rose 8.6% to $4.77.
  • NWTN Inc. (NASDAQ:NWTN) climbed 8.5% to $2.17.
  • Dave Inc. (NASDAQ:DAVE) gained 7.8% to $39.57. B. Riley Securities analyst Hal Goetsch initiated coverage on Dave with a Buy rating and announced a price target of $60.
  • Mobileye Global Inc. (NASDAQ:MBLY) rose 7.6% to $29.48.
  • Credo Technology Group Holding Ltd (NASDAQ:CRDO) gained 7.2% to $27.72.
  • Braze, Inc. (NASDAQ:BRZE) gained 4.2% to $38.32 following better-than-expected first-quarter earnings.
  • Carvana Co. (NYSE:CVNA) rose 3.7% to $108.49.

Now Read This: This Exxon Mobil Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Friday

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
    Write a comment