U.S. stocks were higher, with the Dow Jones index gaining around 500 points on Tuesday.
Shares of Mercury Systems, Inc. (NASDAQ:MRCY) rose sharply during Tuesday's session after the company reported better-than-expected Q4 financial results.
The company reported a successful fourth quarter, with adjusted EPS of 47 cents on sales of $273.1 million, both beating analyst estimates. This performance was driven by $342 million in quarterly bookings, resulting in a robust book-to-bill ratio of 1.25.
Mercury Systems shares jumped 24.6% to $66.79 on Tuesday.
Here are some other big stocks recording gains in today’s session.
- 180 Life Sciences Corp. (NASDAQ:ATNF) gained 194% to $9.81 after the company announced it launched an institutional Ethereum accumulation strategy with $349 million in ETH and $238 million in cash reserves.
- Green Dot Corporation (NYSE:GDOT) rose 34% to $13.30 after the company reported better-than-expected Q2 financial results and raised its FY25 adjusted EPS guidance above estimates. Also, the company raised its FY25 GAAP EPS guidance.
- Tonix Pharmaceuticals Holding Corp. (NASDAQ:TNXP) gained 32.4% to $59.56 following quarterly results.
- Arcturus Therapeutics Holdings Inc. (NASDAQ:ARCT) jumped 27.9% to $14.56 after the company reported better-than-expected Q2 financial results. Citigroup maintained a Buy rating on the stock and raised its price target from $47 to $49.
- Lightbridge Corporation (NASDAQ:LTBR) rose 27% to $17.12 after the company announced it entered into a strategic collaboration with Oklo to explore the potential co-location of a lightbridge fuel fabrication facility.
- Hanesbrands Inc. (NYSE:HBI) gained 27% to $6.15 after the Financial Times reported Gildan is nearing a deal to acquire the company.
- Sea Limited (NYSE:SE) gained 20% to $175.42 after the company reported better-than-expected Q2 sales results.
- Resideo Technologies, Inc. (NYSE:REZI) gained 14% to $31.33 after Morgan Stanley upgraded the stock from Equal-Weight to Overweight and raised the price target from $24 to $35.
- Tencent Music Entertainment Group (NYSE:TME) jumped 12.6% to $25.56 after the company reported better-than-expected Q2 financial results.
- Xometry, Inc. (NASDAQ:XMTR) gained 12.6% to $48.48.
- AAON, Inc. (NASDAQ:AAON) rose 11.7% to $80.59.
- American Airlines Group Inc. (NASDAQ:AAL) gained 10.2% to $12.76. Shares of airline stocks traded higher after July’s inflation report showed a rise in ticket prices and a decline in gasoline costs.
- Unity Software Inc. (NYSE:U) gained 10.1% to $36.54.
- United Airlines Holdings, Inc. (NASDAQ:UAL) rose 9.5% to $97.83. Shares of airline stocks traded higher after July’s inflation report showed a rise in ticket prices and a decline in gasoline costs.
- RH (NYSE:RH) gained 9% to $234.18.
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