Heico Posts Upbeat Earnings, Joins Surmodics, Abercrombie & Fitch And Other Big Stocks Moving Higher On Wednesday

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U.S. stocks were lower, with the Dow Jones index falling more than 300 points on Wednesday.

Shares of HEICO Corporation HEI rose sharply during Wednesday's session following a second-quarter earnings beat.

Heico posted quarterly GAAP earnings of 88 cents per share, beating market estimates of 81 cents per share. The company's quarterly sales came in at $955.395 million versus expectations of $951.206 million, according to data from Benzinga Pro.

HEICO shares gained 4.6% to $221.76 on Wednesday.

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

  • AST SpaceMobile, Inc. ASTS shares gained 29% to $6.88 after the company announced a partnership with Verizon for direct-to-cellular AST SpaceMobile service when needed for Verizon customers.
  • Ooma, Inc. OOMA gained 22.3% to $9.66 after the company reported better-than-expected first-quarter financial results and issued strong guidance for the second quarter.
  • SOPHiA GENETICS SA SOPH gained 21.1% to $5.96.
  • Surmodics, Inc. SRDX climbed 20.3% to $42.23 after the company announced it will be acquired by GTCR for $43 per share in cash for a total equity valuation of roughly $627 million.
  • Abercrombie & Fitch Co. ANF shares rose 15.9% to $176.57 following better-than-expected first-quarter financial results.
  • DICK’S Sporting Goods, Inc. DKS gained 15.8% to $225.87 as the company reported better-than-expected first-quarter FY24 earnings and raised the outlook.
  • Semler Scientific, Inc. SMLR surged 14.8% to $33.28. The company recenyly announced that its board of directors adopted bitcoin as its primary treasury reserve asset.
  • Gyre Therapeutics, Inc. GYRE jumped 12.3% to $11.40. Gyre Therapeutics announced expected addition to the Russell 2000® and Russell 3000® Indexes.
  • Immunovant, Inc. IMVT gained 11.3% to $31.66.
  • Hello Group Inc. MOMO jumped 9.8% to $5.32.
  • Marathon Oil Corporation MRO jumped 9.6% to $29.00 after ConocoPhillips announced it will acquire the company.
  • Box, Inc. BOX jumped 9.1% to $27.30 as the company reported its first-quarter financial results.
  • N-able, Inc. NABL gained 9% to $13.74 following a report suggesting the company is running a sale process amid takeover interest.
  • Titan Machinery Inc. TITN rose 8.2% to $19.18.
  • Daqo New Energy Corp. DQ gained 8% to $21.53.
  • JinkoSolar Holding Co., Ltd. JKS jumped 4.9% to $29.78.

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