AAR Posts Upbeat Results, Joins AngioDynamics, eBay, Cal-Maine Foods And Other Big Stocks Moving Higher On Wednesday

U.S. stocks were lower, with the Dow Jones index falling over 150 points on Wednesday.

Shares of AAR Corp. AIR rose sharply during Tuesday’s session after posted stronger-than-expected second-quarter results.

The company reported quarterly earnings of 90 cents per share, which beat the analyst consensus estimate of 84 cents. Quarterly revenue came in at $686.1 million, which beat the analyst consensus estimate of $654.18 million.

AAR shares jumped 9.6% to $67.67 on Wednesday.

Here are some other big stocks recording gains in today’s session.

• Sana Biotechnology, Inc. SANA shares jumped 249% to $5.77 after the company on Tuesday announced clinical trial results from its type 1 diabetes study of islet cell transplantation without immunosuppression.
• Vir Biotechnology, Inc. VIR gained 64% to $12.97 after the company announced it’s presenting initial Phase 1 data from its two dual-masked T-cell engagers (TCEs): VIR-5818 and VIR-5500.
• AngioDynamics, Inc. ANGO surged 25% to $11.74 after the company reported better-than-expected second-quarter financial results and raised its FY25 adjusted EPS guidance.
• Absci Corporation ABSI rose 17% to $3.5900 after the company announced a strategic collaboration with AMD.
• eBay Inc. EBAY surged 11.5% to $70.44 after Meta announced a test in Germany, France and the US that will allow buyers to browse eBay listings directly on Facebook Marketplace.
• Matthews International Corporation MATW gained 10.2% to $29.87 as the company agreed to sell SGK Brand Solutions.
• Arcadium Lithium plc ALTM rose 8.6% to $5.72 after the company announced it secured CFIUS clearance regarding Rio Tinto’s proposed acquisition.
• Cal-Maine Foods, Inc. CALM gained 7.1% to $111.00 as the company posted better-than-expected results for its second quarter. The company said it set a quarterly record for total dozens sold and specialty dozens sold. It also announced a cash dividend of approximately $1.49 per share.
• ADTRAN Holdings, Inc. ADTN rose 6.3% to $10.25.
• Boston Scientific Corporation BSX gained 4.6% to $96.24 after the company announced it entered into a definitive deal to acquire Bold Medical.
• UniFirst Corporation UNF gained 3.7% to $212.25 following upbeat quarterly earnings.

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