Performance Food Group, Stride, Progressive, H&R Block And Other Big Stocks Moving Higher On Wednesday
Portfolio Pulse from Lisa Levin
Several US stocks recorded gains on Wednesday, with DLocal Limited, Eos Energy Enterprises, Rackspace Technology, Stride, National CineMedia, The Progressive Corporation, InnovAge Holding, H&R Block, Performance Food Group Company, Target Corporation, and AngioDynamics all seeing increases. This was largely due to better-than-expected financial results for Q2 and Q4, as well as raised revenue guidance and dividends.
August 16, 2023 | 2:06 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
AngioDynamics shares rose 5% after receiving FDA breakthrough device designation for AngioVac System.
The FDA breakthrough device designation for AngioVac System has likely boosted investor confidence, leading to the stock price increase.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
DLocal Limited shares rose 36.9% after reporting better-than-expected Q2 results and reaffirming FY23 revenue guidance.
The company's strong financial performance and positive future outlook have likely boosted investor confidence, leading to the stock price increase.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Eos Energy Enterprises shares surged 14% after reporting Q2 financial results.
The company's strong financial performance has likely boosted investor confidence, leading to the stock price increase.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
H&R Block shares gained 8% after reporting better-than-expected Q4 results and raising its quarterly dividend.
The company's strong financial performance and increased dividend have likely boosted investor confidence, leading to the stock price increase.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
InnovAge Holding shares rose 8.9%.
The reason for the stock price increase is not specified in the news, but it's likely due to positive market sentiment.
CONFIDENCE 90
IMPORTANCE 50
RELEVANCE 100
POSITIVE IMPACT
Stride shares jumped 10.3% after reporting better-than-expected Q4 results.
The company's strong financial performance has likely boosted investor confidence, leading to the stock price increase.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
National CineMedia shares rose 10.1% after being upgraded from Hold to Speculative Buy by Benchmark.
The upgrade from Benchmark has likely boosted investor confidence, leading to the stock price increase.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Performance Food Group Company shares climbed 5.5% following Q4 results.
The company's strong financial performance has likely boosted investor confidence, leading to the stock price increase.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
The Progressive Corporation shares climbed 9.1% after reporting July results.
The company's strong financial performance has likely boosted investor confidence, leading to the stock price increase.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Rackspace Technology shares gained 10.8% following strong Q2 results.
The company's strong financial performance has likely boosted investor confidence, leading to the stock price increase.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Target Corporation shares gained 5.4% following strong quarterly earnings.
The company's strong financial performance has likely boosted investor confidence, leading to the stock price increase.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100