Despegar.com, Zai Lab, Bloom Energy And Other Big Stocks Moving Higher On Friday
U.S. stocks were lower, with the Dow Jones index falling around 300 points on Friday.
Shares of Despegar.com, Corp. DESP rose sharply during Friday’s session after the company reported better-than-expected third-quarter sales.
The company said it sees FY24 revenue of at least $760 million and adjusted EBITDA of at least $170 million
Despegar.com shares jumped 19.1% to $17.70 on Friday.
Here are some other big stocks recording gains in today’s session.
- Bloom Energy Corporation BE shares jumped 43% to $18.98. Bloom Energy announced a 1 GW fuel cell deal with AEP, providing clean power for AI Data Centers.
- Red Cat Holdings, Inc. RCAT gained 22.3% to $4.9200.
- Intuitive Machines, Inc. LUNR gained 13% to $11.56. The company reported third-quarter results on Thursday.
- Century Aluminum Company CENX rose 12.6% to $23.77.
- COMPASS Pathways plc CMPS jumped 12.5% to $5.50.
- Lifeway Foods, Inc. LWAY gained 11% to $24.85. The company reported quarterly results on Thursday.
- Kingsoft Cloud Holdings Limited KC rose 10.3% to $5.13. Kingsoft Cloud Holdings will release its unaudited financial results for the third quarter before the open of U.S. markets on Tuesday, Nov. 19.
- Alcoa Corporation AA gained 7.7% to $44.40.
- Zai Lab Limited ZLAB shares rose 6.3% to $28.34. The company priced a $200 million public offering of 7,843,137 shares at $25.50 per ADS.
- Palantir Technologies Inc. PLTR gained 6% to $62.72 after the company announced it will transfer its stock exchange listing over to the Nasdaq.
- The Walt Disney Company DIS rose 3% to $112.38. The company reported quarterly results on Thursday.
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