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Asana, Clover Health Investments, Hertz Global And Other Big Stocks Moving Higher On Friday

Benzinga ·  Jun 21 22:45

U.S. stocks were mixed, with the Dow Jones index gaining around 50 points on Friday.

Shares of Asana, Inc. (NYSE:ASAN) rose sharply during Friday's session after the company announced a $150 million share repurchase program and reaffirmed its forward guidance.

Asana said its board of directors approved a stock repurchase program authorizing the company to repurchase up to $150 million of its Class A common stock through June 30, 2025.

Asana shares jumped 13.4% to $12.90 on Friday.

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

  • Sarepta Therapeutics, Inc. (NASDAQ:SRPT) shares jumped 39.2% to $171.89 after the company announced FDA approval of an expansion to the labeled indication for ELEVIDYS to include individuals with Duchenne muscular dystrophy with a confirmed mutation in the DMD gene who are at least 4 years of age. Also, multiple firms raised their respective price targets on the stock.
  • Clover Health Investments, Corp. (NASDAQ:CLOV) shares gained 31% to $1.35 following insider buying from the company's co-founder. After the market close on Thursday, Clover Health filed a Form 4 with the SEC showing that co-founder and executive chair Vivek Garipalli purchased 877,567 shares of Clover Health stock at an average price of $1.14 per share.
  • Avid Bioservices, Inc. (NASDAQ:CDMO) climbed 13.7% to $7.75.
  • Cabaletta Bio, Inc. (NASDAQ:CABA) rose 9.1% to $9.09.
  • ADTRAN Holdings, Inc. (NASDAQ:ADTN) climbed 8.7% to $5.65
  • Hertz Global Holdings, Inc. (NASDAQ:HTZ) gained 8.6% to $3.8150. The company revealed the upsize and pricing of $1 billion offerings, which comprised $750 million of First Lien Senior Secured Notes, which represents an upsize from the previously announced $500 million.
  • Studio City International Holdings Limited (NYSE:MSC) rose 8% to $6.75.
  • Codere Online Luxembourg, S.A. (NASDAQ:CDRO) gained 7.6% to $7.80.
  • Methode Electronics, Inc. (NYSE:MEI) jumped 7.1% to $10.74.
  • Ironwood Pharmaceuticals, Inc. (NASDAQ:IRWD) gained 6.5% to $5.94. Ironwood Pharmaceuticals named Sravan K. Emany as Senior Vice President, Chief Operating Officer, and Chief Financial Officer.
  • Enviri Corporation (NYSE:NVRI) rose 6% to $8.86.
  • PTC Therapeutics, Inc. (NASDAQ:PTCT) gained 5.4% to $35.08. B of A Securities analyst Tazeen Ahmad maintained PTC Therapeutics with an Underperform and raised the price target from $25 to $32.
  • Spirit AeroSystems Holdings, Inc. (NYSE:SPR) rose 4.8% to $33.19. Boeing Co. (NYSE:BA) is reportedly close to finalizing a deal to reacquire Spirit AeroSystems, its former subsidiary, following significant progress in separate negotiations between Spirit and Airbus SE (OTC:EADSY) to divide Spirit's projects between the two aerospace giants.

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