U.S. stocks traded mixed, with the Dow Jones index falling around 50 points on Thursday.
Fastenal Company (NASDAQ: FAST) saw a surge in its stock price today after reporting quarterly financial results that exceeded expectations. Earnings per share came in at 46 cents, outpacing market estimates by a cent. Quarterly sales hit $1.76 billion, slightly edging out forecasts of $1.75 billion.
This unexpected financial win sent Fastenal shares skyrocketing by 7% to $67.81 on Thursday.
Several other major stocks also experienced significant gains during this session.
- M.D.C. Holdings, Inc. (NYSE: MDC) shares surged 18.2% to $62.76 following the announcement of its acquisition by Sekisui House.
- Lexeo Therapeutics, Inc. (NASDAQ: LXEO) saw its shares jump 13% to $19.58.
- Dada Nexus Limited (NASDAQ: DADA) rose 11.8% to $1.6750 after disclosing discoveries of irregularities in an internal audit.
- NovoCure Limited (NASDAQ: NVCR) gained 10.3% to $13.70 after the FDA accepted the PMA application for TTFields therapy in non-small cell lung cancer.
- Bitdeer Technologies Group (NASDAQ: BTDR) had a 9.8% surge to $7.17.
- Nayax Ltd. (NASDAQ: NYAX) rose 9.4% to $22.16.
- Lanvin Group Holdings Limited (NYSE: LANV) gained 9.3% to $2.5901.
- LiveRamp Holdings, Inc. (NYSE: RAMP) surged 9.2% to $40.30. The company also revealed plans to acquire Habu and expects preliminary third-quarter revenue of $174 million.
- Peabody Energy Corporation (NYSE: BTU) rose 8.5% to $25.27 after it was announced the company will join the S&P SmallCap 600.
- Taiwan Semiconductor Manufacturing Company Limited (NYSE: TSM) climbed 8.1% to $111.26 after reporting better-than-expected fourth-quarter financial results.
- Hertz Global Holdings, Inc. (NASDAQ: HTZ) rose 7.1% to $8.95 following an upgrade by Morgan Stanley from Equal-Weight to Overweight.
- Marvell Technology, Inc. (NASDAQ: MRVL) jumped 4.6% to $68.35.
- Alcoa Corporation (NYSE: AA) rose 3.8% to $28.20 following fourth-quarter results.
