U.S. stocks witnessed a mixed trading day, with the Dow Jones index showing a gain of approximately 75 points on Tuesday.
National CineMedia, Inc.’s shares surged by an impressive 25.5% to $5.30 after the company revealed stellar fourth-quarter results and unveiled a new $100 million share repurchase program.
The company’s operating revenue surpassed expectations at $90.9 million, outperforming the consensus estimate of $81.1 million. Earnings per share of 24 cents also trumped the consensus of 9 cents.
National CineMedia expects first-quarter total revenue to range between $34.5 million and $35.5 million.
Alphabet Inc. witnessed a 6.3% surge to $150.09 in Monday’s trading session.
Several other prominent stocks also showed significant gains in today’s market:
- Fusion Pharmaceuticals Inc. saw a substantial increase of 97.3% to $20.99 following the announcement of its acquisition by AstraZeneca. This move came alongside Leerink Partners downgrading the stock from Outperform to Market Perform but raising its price target from $17 to $21.
- Spire Global, Inc. climbed 50.7% to $18.50 after unveiling a collaboration with NVIDIA to enhance AI-driven weather prediction capabilities.
- Zoomcar Holdings, Inc. jumped 33.1% to $1.57 subsequent to announcing a partnership with EaseMyTrip for integrating its cars within the travel platform.
- Enliven Therapeutics, Inc. witnessed a 27.2% rise to $16.09 following the announcement of a $90 million private placement financing and providing pipeline updates.
- Alignment Healthcare, Inc. experienced a surge of 17.7% to $5.50.
Stay tuned for more exciting developments in the market!
