February 5, 2024 10:32 AM | 2 min read
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Wall Street fell over 300 points on Monday. Amid this, The Estée Lauder Companies Inc. stood out, soaring after reporting a robust second-quarter performance. The company also unveiled a restructuring program, sending its stock price to $152.93, a 14% jump.
Estée Lauder’s ascendancy was not singular. Other big stocks witnessed notable gains:
- 4D Molecular Therapeutics, Inc. surged 100.9%
- Everbridge, Inc. increased by 18.2%
- MorphoSys AG rose 15.7%
- Core Scientific, Inc. jumped 10.3%
- Digital World Acquisition Corp. climbed 10.1%
- Catalent, Inc. gained 10%
- Napco Security Technologies, Inc. rose 8.5%
- Super Micro Computer, Inc. jumped 7.6%
- ON Semiconductor Corporation gained 7.3%
- Elanco Animal Health Incorporated surged 6%
- Haynes International, Inc. gained 6%
- CNA Financial Corporation increased by 5.2%
- Eli Lilly and Company rose 5.2%
- Tyson Foods, Inc. closed with a 3.5% gain
All eyes are now on Eli Lilly and Company, awaiting its fourth-quarter earnings release slated for Feb. 6, 2024.
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