Yum China Posts Upbeat Earnings, Joins Clear Secure, TG Therapeutics, Bioventus And Other Big Stocks Movi

U.S. stocks were higher, with the Dow Jones index gaining over 300 points on Tuesday.

Shares of Yum China Holdings, Inc. (NYSE:YUMC) rose sharply during Tuesday's session after the company reported better-than-expected second-quarter earnings and announced a CFO transition.

Core operating profit grew 12% Y/Y to $275 million, with a margin of 10.0% vs. 9.3% a year ago quarter. EPS of 55 cents surpassed the street view of 47 cents.

Yum China shares surged 11.6% to $33.26 on Tuesday.

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

Lumen Technologies, Inc. (NYSE:LUMN) shares surged 90% to $4.92 after the company announced it secured $5 billion in new business from companies seeking to secure their fiber capacity.
Clear Secure, Inc. (NYSE:YOU) gained 26.4% to $24.61 after the company reported better-than-expected second-quarter financial results and issued third-quarter revenue guidance above estimates.
Serve Robotics Inc (NASDAQ:SERV) climbed 24.9% to $17.01 after falling around 7% on Monday.
TG Therapeutics, Inc. (NASDAQ:TGTX) gained 21.2% to $20.85 after the company reported better-than-expected quarterly financial results and raised its FY24 Briumvi U.S. net product revenue. The company entered into a term loan facility with Blue Owl Capital.
Castle Biosciences, Inc. (NASDAQ:CSTL) rose 17.8% to $25.76 after the company reported better-than-expected second-quarter financial results and increased its FY24 revenue guidance above estimates.
Bioventus Inc. (NASDAQ:BVS) jumped 18.5% to $7.42 after the company reported better-than-expected second-quarter financial results and raised its FY24 guidance above estimates.
Vimeo, Inc. (NASDAQ:VMEO) gained 17.2% to $4.18 after the company reported better-than-expected quarterly financial results and raised its FY24 revenue guidance.
Cabot Corporation (NYSE:CBT) rose 15.2% to $100.21 following upbeat quarterly results.
Kenvue Inc. (NYSE:KVUE) climbed 13.7% to $20.69 after the company reported better-than-expected quarterly financial results.
Vornado Realty Trust (NYSE:VNO) gained 13.2% to $30.85 following better-than-expected quarterly earnings.
New Oriental Education & Technology Group Inc. (NYSE:EDU) gained 11.6% to $72.87 after the company upsized its share repurchase program.
BellRing Brands, Inc. (NYSE:BRBR) gained 11.2% to $54.85 following upbeat quarterly earnings.
TransMedics Group, Inc. (NASDAQ:TMDX) gained 9.3% to $162.20.
BioMarin Pharmaceutical Inc. (NASDAQ:BMRN) rose 9.3% to $87.99 after the company reported better-than-expected quarterly financial results. Also, Evercore ISI Group maintained an Outperform rating on the stock and raised its price target from $113 to $115.
Royal Caribbean Cruises Ltd. (NYSE:RCL) rose 9.1% to $152.55. The company announced that it entered into exchange agreements with a limited number of noteholders of its 6% Convertible Senior Notes due 2025
Materion Corporation (NYSE:MTRN) gained 9% to $112.74 following strong quarterly earnings.
Planet Fitness, Inc. (NYSE:PLNT) rose 9% to $78.53 after the company reported better-than-expected second-quarter financial results and reiterated 2024 outlook.
Molson Coors Beverage Company (NYSE:TAP) rose 6.7% to $54.58 after the company reported better-than-expected quarterly financial results.
Apollo Global Management, Inc. (NYSE:APO) gained 5.9% to $105.02 after B of A Securities upgraded the stock from Neutral to Buy.