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

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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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Posted In: NewsPenny StocksSmall CapIntraday UpdateMarketsMoversTrading Ideasbig gainersTop Gainers
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