United Airlines Reports Upbeat Results, Joins Children's Place, Interactive Brokers And Other Big Stocks Moving Higher On Wednesday

U.S. stocks were lower, with the Dow Jones index falling over 50 points on Wednesday.

Shares of United Airlines Holdings, Inc. UAL rose sharply during Wednesday’s session after the company reported better-than-expected first-quarter financial results.

Revenue of $12.539 billion topped estimates of $12.4 billion. The company posted a loss of 15 cents per share, versus expectations for a loss of 57 cents per share, according to data from Benzinga Pro.

United Airlines shares jumped 11.2% to $46.12 on Wednesday.

Here are some other big stocks recording losses in today’s session.

  • Edible Garden AG Incorporated EDBL surged 112% to $9.73 after the company reported preliminary first quarter FY24 results.
  • The Children's Place, Inc. PLCE shares jumped 35.5% to $9.64 after the company announced it entered into a new financing agreement with Mithaq Capital.
  • Cullinan Therapeutics, Inc. CGEM rose 14% to $19.75. HC Wainwright & Co. analyst Edward White maintained Cullinan Oncology with a Buy and lowered the price target from $34 to $29.
  • Trump Media & Technology Group Corp. DJT rose 11% to $25.35.
  • ALX Oncology Holdings Inc. ALXO climbed 10.4% to $16.01.
  • Mesoblast Limited MESO rose 8.5% to $5.09.
  • Applied Optoelectronics, Inc. AAOI jumped 8.4% to $13.00.
  • AMC Entertainment Holdings, Inc. AMC surged 7.5% to $2.9250, bouncing back from the selling pressure the stock has faced in recent week.
  • AirSculpt Technologies, Inc. AIRS rose 7.2% to $5.63.
  • Zuora, Inc. ZUO rose 6.4% to $9.01.
  • Interactive Brokers Group, Inc. IBKR gained 5.2% to $112.93 following upbeat quarterly earnings.


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