U.S. stocks were higher, with the Dow Jones index surging over 300 points on Wednesday.
Shares of The Simply Good Foods Company SMPL rose sharply during Wednesday's session following better-than-expected quarterly results.
The company, led by CEO Geoff Tanner, reported second-quarter FY25 sales growth of 15% year-on-year to $359.65 million. It beat the analyst consensus estimate of $354.4 million. Adjusted EPS of 46 cents beat the consensus estimate of 40 cents.
The Simply Good Foods shares jumped 9.4% to $36.32 on Wednesday.
Here are some other big stocks recording gains in today's session.
- Pacific Biosciences of California, Inc. PACB shares jumped 20% to $1.4399 after the company announced preliminary first quarter revenue and reiterated 2025 revenue guidance of $155 million to $170 million.
- Peabody Energy Corporation BTU gained 14.4% to $12.86. Shares of coal stocks traded higher after President Trump signed an executive order aimed at boosting the coal industry.
- Nutex Health Inc. NUTX rose 12.7% to $95.75. Maxim Group analyst Anthony Vendetti maintained Nutex Health with a Buy and raised the price target from $75 to $100.
- Kura Sushi USA, Inc. KRUS climbed 11.9% to $46.40. Kura Sushi USA posted downbeat results for its second quarter. The company also said it sees FY25 total sales of $275 million to $279 million, versus market estimates of $280.741 million
- IAMGOLD Corporation IAG shares gained 11.5% to $6.48. Shares of precious metals stocks traded higher amid strength in gold and silver. Trade war concerns and macro uncertainty could lift demand for safe-haven assets.
- Harmony Gold Mining Company Limited HMY rose 11.1% to $14.40 amid strength in gold and silver. Trade war concerns and macro uncertainty could lift demand for safe-haven assets.
- AngloGold Ashanti plc AU jumped 10% to $36.46. Shares of precious metals stocks traded higher amid strength in gold and silver. Trade war concerns and macro uncertainty could lift demand for safe-haven assets.
- Coeur Mining, Inc. CDE rose 8% to $5.20. Shares of precious metals stocks traded higher amid strength in gold and silver. Trade war concerns and macro uncertainty could lift demand for safe-haven assets.
- Delta Air Lines, Inc. DAL gained 7.3% to $38.49 following upbeat quarterly results.
- Akso Health Group AHG gained 5.8% to $0.9257.
- Urban Outfitters, Inc. URBN rose 5.5% to $45.53. Citigroup analyst Paul Lejuez maintained Urban Outfitters with a Buy and lowered the price target from $65 to $54
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