
February 13, 2024 10:09 AM |
2 min read
U.S. stocks were lower, with the Dow Jones index dipping more than 500 points on Tuesday.
Ecolab Inc. (ECL) outshone Tuesday’s session, with a glorious ascent as the company reported a spectacular fourth-quarter financial performance, dazzling investors with its adjusted earnings of $1.55 per share, outshining the market’s anticipated $1.54 per share. Adding to the luster, the company’s quarterly sales shimmered at $3.94 billion, besting estimates of $3.93 billion, according to data from Benzinga Pro.
Ecolab’s shares were not to be outdone, skyrocketing by 6.4% to $216.00 on Tuesday.
The day witnessed a constellation of other big stocks making stellar gains as well.
- Whole Earth Brands, Inc. (FREE) saw an astronomical gain of 35.3% to $4.75, as it sealed a definitive agreement for acquisition by Sababa Holdings FREE, LLC.
- Larimar Therapeutics, Inc. (LRMR) leaped 25.4% to $9.82, buoyed by a Market Outperform rating and a raised price target from JMP Securities analyst Jonathan Wolleben.
- Jin Medical International Ltd. (ZJYL) ascended 22.4% to $10.17.
- Tripadvisor, Inc. (TRIP) shares flourished, climbing 18.5% to $26.50 after the company announced the formation of a Special Committee to evaluate proposals.
- LianBio (LIAN) scaled new heights, climbing 17.8% to $4.76 as it concluded a strategic review and decided to initiate the wind down of its operations and workforce reductions.
- The jubilation continued as JetBlue Airways Corporation (JBLU) soared 13.5% to $6.89 after Carl Icahn revealed a 9.91% stake in the company.
- Procaps Group S.A. (PROC) gained 11.6% to $3.28 in a glorious display of strength and upward momentum.
- ZoomInfo Technologies Inc. (ZI) soared 10.3% to $17.68, basking in the glow of stronger-than-expected fourth-quarter financial results.
- Bruker Corporation (BRKR) celebrated, gaining 9.9% to $77.60 following upbeat results.
- WK Kellogg Co (KLG) surged 9.2% to $13.77, surpassing expectations with its robust sales performance.
- Medpace Holdings, Inc. (MEDP) gained 8.9% to $353.18, marking a monumental rise on the back of upbeat earnings.
- Aspen Aerogels, Inc. (ASPN) rose 8.8% to $13.49, echoing its strong performance in results.
- Korro Bio, Inc. (KRRO) flourished, gaining 7.3% to $58.99.
- Ramaco Resources, Inc. (METC) rose 6.5% to $18.01 after the company provided a resounding update on its fourth-quarter guidance and FY23 results.
- Manchester United plc (MANU) surged 6.4% to $20.86, to the delight of its stakeholders and fans.
- Value Line, Inc. (VALU) gained 6% to $44.54, outperforming expectations and lighting up the market.
- Waste Management, Inc. (WM) rose 4.7% to $197.12, announcing its arrival with a flourish following upbeat results.
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