United Airlines Posts Upbeat Earnings, Joins Morgan Stanley, U.S. Bancorp And Other Big Stocks Moving Higher On Wednesday

Benzinga · 10/16 14:23

U.S. stocks were mixed, with the Dow Jones index gaining around 100 points on Wednesday.

Shares of United Airlines Holdings, Inc. (NASDAQ:UAL) rose sharply during Tuesday's session following better-than-expected quarterly earnings.

United Airlines reported third-quarter revenue of $14.843 billion, beating the consensus estimate of $14.783 billion, according to Benzinga Pro. The airline company reported adjusted earnings of $3.33 per share, beating analyst estimates of $3.13 per share.

United Airlines gained 9.3% to $70.04 on Wednesday.

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

  • Korro Bio, Inc. (NASDAQ:KRRO) gained 80% to $71.72.
  • Wave Life Sciences Ltd. (NASDAQ:WVE) jumped 62.5% to $13.91. Wave Life Sciences achieved first-ever therapeutic RNA editing in humans with results from RestorAATion-2 trial of WVE-006 for Alpha-1 Antitrypsin Deficiency.
  • Oklo Inc. (NYSE:OKLO) gained 21% to $14.20. The DOE approved the company’s conceptual safety design report for its Aurora fuel fabrication facility. This will advance plans to utilize recovered material for its first commercial powerhouse.
  • NuScale Power Corporation (NYSE:SMR) rose 18.1% to $16.09.
  • Altus Power, Inc. (NYSE:AMPS) gained 18% to $3.5645 after the company announced that a formal review of strategic alternatives has been underway by its Board of Directors. Also, the company reaffirmed its FY24 guidance.
  • Centrus Energy Corp. (NYSE:LEU) jumped 15.8% to $71.00.
  • Lithium Americas Corp. (NYSE:LAC) gained 14.8% to $3.0689 after the company announced it entered into a new investment agreement with General Motors Holdings to establish a joint venture for the purpose of funding, developing, constructing and operating Thacker Pass in Humboldt County, Nevada.
  • Aspen Aerogels, Inc. (NASDAQ:ASPN) surged 14.1% to $25.61. Aspen Aerogells won conditional commitment for proposed DOE loan of up to $670.6 million.
  • MP Materials Corp. (NYSE:MP) gained 7.6% to $19.05.
  • Morgan Stanley (NYSE:MS) rose 6.9% to $119.92 after the company reported better-than-expected third-quarter financial results.
  • U.S. Bancorp (NYSE:USB) gained 5.2% to $49.44 following upbeat quarterly earnings.

Now Read This: