U.S. stocks were lower, with the Nasdaq Composite falling more than 400 points on Friday.
Shares of RH (NYSE:RH) rose sharply during Friday’s session after the company reported better-than-expected third-quarter sales results.
RH reported quarterly earnings of $1.71 per share, which missed the analyst estimate of $2.16 by 20.87%, according to data from Benzinga Pro. Quarterly revenue came in at $883.81 million, which beat the Street estimate of $883.69 million.
RH shares jumped 5.8% to $162.14 on Friday.
Here are some other big stocks recording gains in today’s session.
- TryHard Holdings Ltd (NASDAQ:THH) shares jumped 57.2% to $15.47.
- Canopy Growth Corp (NASDAQ:CGC) shares gained 35.4% to $1.53 driven by reports that President Donald Trump intends to relax federal marijuana regulations.
- Tilray Brands Inc (NASDAQ:TLRY) surged 28.4% to $10.82 following a report suggesting that President Donald Trump is expected to reclassify marijuana as a Schedule III drug.
- Frequency Electronics Inc (NASDAQ:FEIM) gained 27.2% to $45.84 after the company reported better-than-expected second-quarter sales results.
- SNDL Inc (NASDAQ:SNDL) gained 21.2% to $2.14 following a report suggesting that President Trump is expected to reclassify marijuana as a Schedule III drug.
- Polestar Automotive Holding Uk Plc (NASDAQ:PSNY) gained 15.6% to $13.88.
- Rivian Automotive Inc (NASDAQ:RIVN) gained 14.9% to $18.88 after the company announced that it was entering the autonomous driving race with its new AI chip, targeting Level 4 autonomy. Additionally, Needham raised its price target on the stock from $14 to $23.
- Village Farms International Inc (NASDAQ:VFF) surged 14.8% to $3.98.
- Clear Secure Inc (NYSE:YOU) gained 11.3% to $40.36 after JP Morgan upgraded the stock from Neutral to Overweight and raised its price target from $35 to $42.
- Lululemon Athletica Inc (NASDAQ:LULU) gained 10.1% to $205.80 after the company beat third-quarter estimates, raised full-year guidance, announced a CEO succession plan and authorized an increase to its share buyback program. Jefferies upgraded the stock to Hold.
- Shake Shack Inc (NYSE:SHAK) gained 6.8% to $84.63.
- Celcuity Inc (NASDAQ:CELC) gained 6.6% to $107.51. Wells Fargo initiated coverage on Celcuity with an Overweight rating and announced a price target of $126.
- CCC Intelligent Solutions Holdings Inc (NASDAQ:CCC) gained 6.3% to $7.68 as the company announced a $500 million share repurchase authorization and $300 million accelerated share repurchase program.
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