U.S. stocks were lower, with the Dow Jones index falling more than 100 points on Tuesday.
Shares of United Natural Foods, Inc. (NYSE:UNFI) rose sharply during Tuesday's session after the company reported better-than-expected fourth-quarter EPS and sales and issued FY26 EPS guidance above estimates.
The wholesale distributor reported net sales for the quarter of $7.70 billion, surpassing Wall Street's estimate of $7.64 billion, which fell 5.6% from $8.16 billion a year earlier. The company recorded an adjusted net loss of 11 cents per share, compared with expectations for a 19-cent loss. In the prior-year period, United Natural Foods reported adjusted earnings of 1 cent per share.
United Natural Foods shares jumped 14.6% to $36.40 on Tuesday.
Here are some other big stocks recording gains in today’s session.
- Wolfspeed, Inc. (NYSE:WOLF) shares jumped 39.3% to $30.80 after the company on Monday announced a reorganization plan, with shareholders receiving substituted new common stock.
- AnaptysBio, Inc. (NASDAQ:ANAB) gained 34% to $31.28 after the company announced it intends to separate its business into two independent, publicly traded companies. Also, HC Wainwright raised its price target on the stock from $38 to $59.
- Robo.ai Inc. (NASDAQ:AIIO) jumped 21.7% to $2.3499. Burkhan Capital LLC and Robo.ai jointly announced a strategic investment.
- Nuvation Bio Inc. (NYSE:NUVB) shares rose 17.2% to $3.7750 after Jefferies initiated coverage with a Buy rating and a $10 price target. Additionally, the company enrolled its first patient in the Phase 3 TRUST-IV study of Ibtrozi for ROS1-positive early-stage NSCLC.
- Bakkt Holdings, Inc. (NYSE:BKKT) gained 16% to $29.62.
- CoreWeave, Inc. (NASDAQ:CRWV) gained 14.8% to $140.68 following reports suggesting that the company secured a $14 billion deal with Meta. Also, Evercore ISI Group initiated coverage on the stock with an Outperform rating and announced a $175 price target.
- Semtech Corporation (NASDAQ:SMTC) jumped 9.7% to $68.03 after Oppenheimer upgraded the stock from Perform to Outperform.
- UiPath Inc. (NYSE:PATH) rose 9.4% to $13.74 after the company announced a partnership with OpenAI to develop a ChatGPT to integrate OpenAI frontier models with enterprise customer workflows.
- Adaptive Biotechnologies Corporation (NASDAQ:ADPT) gained 8.4% to $14.59. Guggenheim analyst Subbu Nambi initiated coverage on Adaptive Biotechnologies with a Buy rating and announced a price target of $20.
- Nebius Group N.V. (NASDAQ:NBIS) rose 6.1% to $116.89.
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