Alibaba, XPeng, Dada Nexus And Some Other Big Stocks Moving Higher On Wednesday

U.S. stocks traded mixed, with the Dow Jones dropping around 20 points on Wednesday. Here are some big stocks recording gains in today’s session.

• Geron Corporation GERN shares climbed 53.3% to $3.6800 after the company announced top-line results from the IMerge Phase 3 trial of imetelstat in lower risk MDS. The trial met the primary 8-week transfusion independence (TI) endpoint and key secondary 24-week TI endpoint.
• Dada Nexus Limited DADA rose 18.4% to $10.45. Shares of Chinese companies traded higher after Chinese regulators reportedly approved a capital raise for Ant Group.
• NewAmsterdam Pharma Company N.V. NAMS gained 17.7% to $12.36.
• Baozun Inc. BZUN surged 15.3% to $6.50.
• I-Mab IMAB gained 15% to $4.88.
• Futu Holdings Limited FUTU jumped 13.8% to $43.07. Shares of Chinese companies traded higher after Chinese regulators reportedly approved a capital raise for Ant Group.
• GDS Holdings Limited GDS gained 13.8% to $27.00. Shares of Chinese companies traded higher after Chinese regulators reportedly approved a capital raise for Ant Group.
• Kingsoft Cloud Holdings Limited KC gained 13.2% to $4.46. Kingsoft Cloud Holdings recently successfully listed on Hong Kong Stock Exchange. Shares of Chinese companies traded higher after Chinese regulators reportedly approved a capital raise for Ant Group.
• Poseida Therapeutics, Inc. PSTX gained 13% to $6.54. HC Wainwright & Co. initiated coverage on Poseida Therapeutics with a Buy rating and announced a price target of $15.
• Altus Power, Inc. AMPS jumped 12.6% to $6.98. Evercore ISI Group initiated coverage on Altus Power with an Outperform rating and announced a price target of $15.
• Deciphera Pharmaceuticals, Inc. DCPH gained 12.3% to $17.90. Deciphera Pharmaceuticals announced an exploratory analysis of data from the INTRIGUE Phase 3 study of Qinlock using circulating tumor DNA (ctDNA).
• LexinFintech Holdings Ltd. LX jumped 11.9% to $2.2050.
• Oatly Group AB OTLY gained 11.4% to $2.2409. Oatly Group announced a long-term strategic hybrid partnership with Ya YA Foods, in which the company will receive roughly $72 million.
• XPeng Inc. XPEV jumped 10% to $11.20. Shares of Chinese companies traded higher after Chinese regulators reportedly approved a capital raise for Ant Group.
• American Well Corporation AMWL surged 9.7% to $3.0950. B of A Securities upgraded American Well from Neutral to Buy and announced a $4.2 price target.
• Fate Therapeutics, Inc. FATE jumped 9.5% to $11.14.
• Icosavax, Inc. ICVX gained 9.2% to $9.06. Oppenheimer initiated coverage on Icosavax with an Outperform rating and announced a price target of $27.
• Alibaba Group Holding Limited BABA gained 7.6% to $98.97 following reports Chinese regulators approved a capital raise for Alibaba co-founder Jack Ma's Ant Group.

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