Abercrombie & Fitch, Urban Outfitters, Photronics And Other Big Stocks Moving Higher On Wednesday

U.S. stocks traded lower, with the Dow Jones dropping around 200 points on Wednesday. Here are some big stocks recording gains in today’s session.

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U.S. stocks traded lower, with the Dow Jones dropping around 200 points on Wednesday. Here are some big stocks recording gains in today’s session.

GigaCloud Technology Inc. (NASDAQ:GCT) shares surged 62.2% to $9.31 after the company reported a year-over-year increase in first-quarter financial results.
Zura Bio Limited (NASDAQ:ZURA) shares climbed 36% to $7.28 after Raymond James initiated coverage on the stock with a Strong Buy rating and a $20 price target.
Abercrombie & Fitch Co. (NYSE:ANF) rose 22.3% to $28.14 after the company reported better-than-expected Q1 sales results, raised FY23 net sales growth guidance and raised operating margin guidance.
The Necessity Retail REIT, Inc. (NASDAQ:RTL) climbed 15.2% to $5.62. Global Net Lease is scheduled to host a webcast and conference call on May 24, 2023 to discuss its merger with The Necessity Retail REIT, Inc.
Organogenesis Holdings Inc. (NASDAQ:ORGO) rose 14.5% to $3.94 after BTIG upgraded the stock from Neutral to Buy and announced a $10 price target.
Urban Outfitters, Inc. (NASDAQ:URBN) shares jumped 14.1% to $30.42 as the company reported better-than-expected results for its first quarter said inventory fell 6.3% year-over-year.
Kamada Ltd. (NASDAQ:KMDA) rose 13.7% to $5.32 after the company reported better-than-expected EPS results and announced a $60 million private placement with FIMI Opportunity Funds.
Shengfeng Development Limited (NASDAQ:SFWL) climbed 12.4% to $6.80.
Reata Pharmaceuticals, Inc. (NASDAQ:RETA) gained 11.7% to $88.52.
Photronics, Inc. (NASDAQ:PLAB) climbed 11.3% to $19.15 following better-than-expected second-quarter results.
United Homes Group, Inc. (NASDAQ:UHG) rose 9.4% to $12.50.
Nextdoor Holdings, Inc. (NYSE:KIND) climbed 9.2% to $2.4350. Nextdoor recently reported better-than-expected Q1 sales results.
Kohl's Corporation (NYSE:KSS) gained 8.5% to $20.91 after the company reported better-than-expected Q1 total revenue results and reaffirmed FY23 outlook.
Palo Alto Networks, Inc. (NASDAQ:PANW) surged 8% to $204.90 after the company reported better-than-expected Q3 results and issued strong guidance.
TuSimple Holdings Inc. (NASDAQ:TSP) climbed 7.3% to $2.07.
Vipshop Holdings Limited (NYSE:VIPS) gained 4.2% to $14.77. Vipshop reported a first-quarter FY23 revenue growth of 9.1% year-on-year to $4.00 billion (RMB27.5 billion), beating the consensus of $3.72 billion.