U.S. stocks were mixed, with the Nasdaq Composite gaining around 100 points on Tuesday.
Shares of United Natural Foods, Inc. (NYSE:UNFI) rose sharply during Tuesday's session following better-than-expected first-quarter financial results and raised its FY25 guidance.
United Natural Foods posted adjusted earnings of 16 cents per share, compared to market estimates for a loss of 1 cent per share. The company's quarterly sales came in at $7.87 billion versus expectations of $7.61 billion.
United Natural Foods shares surged 29% to $31.82 on Tuesday.
Here are some other big stocks recording gains in today's session.
- uniQure N.V. (NASDAQ:QURE) shares jumped 105.6% to $15.00 after the company announced an agreement with the FDA on key elements of an accelerated pathway for AMT-130.
- NewAmsterdam Pharma Company N.V. (NASDAQ:NAMS) gained 35.5% to $25.10 after the company announced topline data from its Phase 3 BROADWAY trial of Obicetrapib.
- Absci Corporation (NASDAQ:ABSI) gained 21.5% to $3.8999.
- Byrna Technologies Inc. (NASDAQ:BYRN) surged 16.7% to $22.09 as the company announced preliminary fiscal fourth quarter record revenues of $28.0 million.
- Rigetti Computing, Inc. (NASDAQ:RGTI) gained 15.1% to $5.12. Quantum Machines and Rigetti announced successful AI-powered calibration of a Quantum Computer.
- Solaris Energy Infrastructure, Inc. (NYSE:SEI) gained 15.1% to $29.65. Solaris Energy Infrastructure priced its public offering of 6.5 million Class A shares at $24.75 each for net proceeds of $156 million.
- Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) jumped 14.7% to $111.48 after the company reported better-than-expected third-quarter financial results.
- MoneyLion Inc. (NYSE:ML) gained 14.7% to $88.30 after the company announced an agreement to be acquired for $82 per share in cash for a total value of approximately $1 billion.
- Alaska Air Group, Inc. (NYSE:ALK) rose 13.5% to $61.54 r after the company unveiled "Alaska Accelerate", a strategy to boost profitability and its global footprint. Additionally, the company issued a strong FY25 outlook and plans for nonstop routes to Tokyo and Seoul from Seattle.
- Nebius Group N.V. (NASDAQ:NBIS) gained 6.2% to $33.94.
- Super Group (SGHC) Limited (NYSE:SGHC) rose 5.9% to $7.01. The company issued business update as 2024 closes.
- MakeMyTrip Limited (NASDAQ:MMYT) climbed 5.5% to $121.32 after the company inked a Business Transfer Agreement to acquire the Happay Expense Management Platform from CRED for an undisclosed amount.
- Alphabet Inc. (NASDAQ:GOOGL) gained 4.6% to $183.45.
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