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Thursday, May 23, 2024

Blend Labs Reports Q4 Results, Joins Alta Equipment, Despegar.com And Other Big Stocks Moving Higher On Friday – Alta Equipment Group (NYSE:ALTG), Despegar.com (NYSE:DESP), Blend Labs (NYSE:BLND)

LawBlend Labs Reports Q4 Results, Joins Alta Equipment, Despegar.com And Other Big Stocks Moving Higher On Friday - Alta Equipment Group (NYSE:ALTG), Despegar.com (NYSE:DESP), Blend Labs (NYSE:BLND)


U.S. stocks were lower, with the Dow Jones index falling around 100 points on Friday.

Shares of Blend Labs, Inc. BLND rose sharply during Friday’s session after the company reported fourth-quarter financial results.

Blend Labs posted quarterly loss of 9 cents per share, in-line with market estimates of 9 cents per share. The company’s quarterly sales came in at $36.10 million versus estimates of $36.93 million, according to data from Benzinga Pro.

Blend Labs shares jumped 24.3% to $2.92 on Friday.

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

  • Cardlytics, Inc. CDLX jumped 57.1% to $12.86 after the company reported better-than-expected fourth-quarter earnings.
  • American Vanguard Corporation AVD rose 25.8% to $13.32 following fourth-quarter financial results.
  • Tredegar Corporation TG climbed 18% to $4.73 following fourth-quarter financial results.
  • Madrigal Pharmaceuticals, Inc. MDGL gained 16.3% to $283.29 after the company announced FDA approval of Rezdiffra for the treatment of patients with noncirrhotic NASH with moderate to advanced liver fibrosis.
  • Direct Digital Holdings, Inc. DRCT climbed 15.1% to $31.81. Roth MKM recently maintained a Buy rating on the stock and raised its price target from $12.50 to $27.50.
  • EHang Holdings Limited EH rose 14.3% to $15.56 after the company reported financial fourth-quarter results above estimates and issued first-quarter revenue guidance.
  • CommScope Holding Company, Inc. COMM surged 13% to $1.6502.
  • CARGO Therapeutics, Inc. CRGX gained 13% to $31.74.
  • CS Disco, Inc. LAW rose 11.9% to $7.71. CS Disco’s board approved a $20 million share repurchase authorization.
  • Alta Equipment Group Inc. ALTG gained 10.7% to $11.64 following better-than-expected fourth-quarter 2023 results.
  • Despegar.com, Corp. DESP climbed 9.6% to $10.85 after the company reported mixed fourth-quarter 2023 results, with sales beating estimates.
  • Bitdeer Technologies Group BTDR gained 8.8% to $7.03.
  • Tenaya Therapeutics, Inc. TNYA rose 8.6% to $5.18.
  • Archer Aviation Inc. ACHR gained 7.4% to $5.25.
  • Bioventus Inc. BVS gained 6.9% to $5.55.
  • Solid Biosciences Inc. SLDB gained 6.9% to $13.13. Piper Sandler recently upgraded the stock from Neutral to Overweight and raised its price target from $8 to $20.
  • Lithium Americas Corp. LAC gained 6% to $6.35 following 2023 full year and fourth quarter results.
  • The Buckle, Inc. BKE rose 5.4% to $39.71 following fourth-quarter 2023 results.

 

Now Read This: How To Earn $500 A Month From Dollar General Stock Following Earnings Beat

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