Ally Financial Reports Upbeat Earnings, Joins Badger Meter, Genuine Parts And Other Big Stocks Moving Higher On Thursday

U.S. stocks were lower, with the Nasdaq Composite falling over 50 points on Thursday.

Shares of Ally Financial Inc. ALLY rose sharply during Thursday's session after the company reported better-than-expected quarterly financial results.

Ally Financial posted adjusted earnings of 45 cents per share, beating market estimates of 33 cents per share. The company's adjusted sales came in at $1.99 billion versus expectations of $1.96 billion.

Ally Financial shares jumped 7.7% to $39.06 on Thursday.

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

  • Critical Metals Corp. CRML rose 24% to $9.30.
  • Canopy Growth Corporation CGC shares gained 21.2% to $7.86.
  • Humacyte, Inc. HUMA shares rose 13.9% to $3.5550.
  • Trump Media & Technology Group Corp. DJT jumped 13.4% to $29.92. The company in a filing explained to shareholders how to prevent shares from being loaned for a short interest position.
  • Aquestive Therapeutics, Inc. AQST jumped 12.4% to $4.4050.
  • Badger Meter, Inc. BMI shares jumped 11.8% to $171.06 after the company reported better-than-expected first-quarter results.
  • FibroBiologics, Inc. FBLG rose 11.8% to $10.61.
  • CleanSpark, Inc. CLSK climbed 11.7% to $16.66 as Bitcoin has gained over the past 24 hours.
  • Genuine Parts Company GPC gained 11.1% to $160.05 after the company reported a first-quarter EPS beat and raised its FY24 guidance.
  • Barnes Group Inc B rose 8.8% to $36.31. DA Davidson analyst Matt Summerville upgraded Barnes from Neutral to Buy and raised the price target from $35 to $45.
  • Iridium Communications Inc. IRDM climbed 8.5% to $26.81 after the company reported better-than-expected first-quarter financial results.
  • Apogee Enterprises, Inc APOG surged 8.1% to $60.42 following upbeat quarterly earnings.
  • ManpowerGroup Inc. MAN gained 7.1% to $75.03 following strong second-quarter guidance.
  • Snap Inc. SNAP rose 6.2% to $11.58 following recent reports of the TikTok divest-or-ban bill moving on a fast track through Congress.
  • United Airlines Holdings, Inc. UAL jumped 4.6% to $50.99 after multiple analysts raised their price targets on the stock.
  • Now Read This: Netflix Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Market News and Data brought to you by Benzinga APIs
Posted In: NewsIntraday UpdateMarketsMoversTrading IdeasMid-Day Movers
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!