Alibaba, Illumina, CyberArk Software And Other Big Stocks Moving Higher On Thursday
Portfolio Pulse from Lisa Levin
Several US stocks recorded gains in Thursday's session, with Capri Holdings Limited (CPRI) surging 56.1% after Tapestry announced a definitive agreement to acquire the company. Other notable gainers include Holley Inc. (HLLY), MacroGenics, Inc. (MGNX), YETI Holdings, Inc. (YETI), AppLovin Corporation (APP), and Precigen, Inc. (PGEN). Most of these companies reported better-than-expected Q2 results or raised their FY23 outlook.
August 10, 2023 | 2:39 pm
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POSITIVE IMPACT
AppLovin Corporation shares rose 19% after the company reported better-than-expected second-quarter results.
AppLovin Corporation's stock price rose following positive Q2 results.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Capri Holdings Limited surged 56.1% after Tapestry announced a definitive agreement to acquire the company.
The acquisition announcement by Tapestry has led to a significant surge in Capri Holdings' stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Holley Inc. rose 26% after the company posted upbeat second-quarter results and raised FY23 revenue outlook.
Holley Inc.'s stock price rose following positive Q2 results and an improved FY23 revenue outlook.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
MacroGenics, Inc. jumped 19.4% after posting a quarterly profit.
MacroGenics, Inc.'s stock price jumped following a profitable quarter.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Precigen, Inc. gained 19% after HC Wainwright & Co. reiterated Precigen with a Buy and maintained a $6 price target.
Precigen, Inc.'s stock price gained following a reiterated Buy rating and maintained price target from HC Wainwright & Co.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
YETI Holdings, Inc. gained 19% after the company reported better-than-expected second-quarter adjusted EPS results and raised FY23 adjusted EPS and sales growth guidance.
YETI Holdings, Inc.'s stock price gained following better-than-expected Q2 results and an improved FY23 outlook.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100