Alerus Financial Posts Better-Than-Expected Earnings, Joins Celcuity, SES AI, Abercrombie & Fitch And Other Big Stocks Moving Higher On Monday

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U.S. stocks were higher, with the Nasdaq Composite gaining around 50 points on Monday.

Shares of Alerus Financial Corporation (NASDAQ:ALRS) rose sharply during Monday's session following better-than-expected quarterly results.

Alerus Finl reported quarterly earnings of 72 cents per share which beat the analyst consensus estimate of 55 cents per share. The company reported quarterly sales of $74.795 million which beat the analyst consensus estimate of $70.082 million.

Alerus Financial shares jumped 9.9% to $23.88 on Monday.

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

• Celcuity Inc. (NASDAQ:CELC) shares jumped 183% to $39.02 after the company released topline results from its PIK3CA wild-type cohort of its Phase 3 VIKTORIA-1 trial.
• aTyr Pharma, Inc. (NASDAQ:ATYR) gained 18.7% to $6.92.
• SES AI Corporation (NYSE:SES) rose 15.6% to $1.3650. SES AI reported second-quarter preliminary revenue of $3.5 million and also announced plans to acquire UZ Energy for $25.5 million.
• Zepp Health Corporation (NYSE:ZEPP) gained 13.3% to $12.61.
• So-Young International Inc. (NASDAQ:SY) jumped 11% to $5.15. So-Young will report second quarter financial results on Aug. 15.
• Betterware de México, S.A.P.I. de C.V. (NYSE:BWMX) rose 10.1% to $12.06. The company recently reported second-quarter financial results.
• Upstream Bio, Inc. (NASDAQ:UPB) rose 9.9% to $14.91.
• PagerDuty, Inc. (NYSE:PD) jumped 7.9% to $16.96.
• Diginex Limited (NASDAQ:DGNX) rose 7.6% to $55.12. Diginex announced the execution of warrants agreement, bonus share issuance and cancelation of EGM.
• GrafTech International Ltd. (NYSE:EAF) gained 7.4% to $1.6550.
• WW International, Inc. (NASDAQ:WW) rose 5.7% to $43.34.
• Super Micro Computer Inc (NASDAQ:SMCI) gained 5.1% to $57.24.
• Abercrombie & Fitch Co (NYSE:ANF) gained 5.2% to $97.15. JP Morgan analyst Matthew Boss maintained Abercrombie & Fitch with an Overweight rating and raised the price target from $141 to $151.
• SkyWest Inc (NASDAQ:SKYW) gained 4.4% to $117.27. Evercore ISI Group analyst Duane Pfennigwerth maintained SkyWest with an Outperform and raised the price target from $120 to $130.
• Hesai Group – ADR (NASDAQ:HSAI) rose 4.3% to $22.21. Morgan Stanley analyst Tim Hsiao upgraded Hesai from Equal-Weight to Overweight and raised the price target from $23 to $26.

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