Travelers Posts Upbeat Results, Joins Iridium Communications, Snap-on And Other Big Stocks Moving Higher On Thursday

Benzinga · 10/17 14:41

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

Shares of The Travelers Companies, Inc. (NYSE:TRV) rose sharply during Thursday's session after the company reported better-than-expected third-quarter results.

The Travelers Companies reported third-quarter revenue growth of 12% year-over-year to $11.904 billion, beating the consensus of $11.491 billion. Core income per share jumped 169% to $5.24, beating the $3.64 consensus estimate.

Travelers gained 6.9% to $259.63 on Thursday.

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

  • Gevo, Inc.  (NASDAQ:GEVO) gained 27.6% to $2.87 after the company announced it secured a DOE conditional commitment loan of $1.46 billion for its net-zero 1 sustainable aviation fuel plant in South Dakota.
  • Iridium Communications Inc. (NASDAQ:IRDM) gained 16.2% to $35.09 after the company reported better-than-expected third-quarter revenue results and raised its FY24 OEBITDA guidance.
  • XCHG Limited (NASDAQ:XCH) climbed 15.2% to $19.60.
  • Centrus Energy Corp. (NYSE:LEU) gained 14.7% to $88.74.
  • SelectQuote, Inc. (NYSE:SLQT) shares gained 14.6% to $2.58 after the company announced it completed the first phase of recapitalization with $100 million securitization transaction.
  • Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) gained 12.6% to $211.14 following a third-quarter earnings beat and strong fourth-quarter guidance.
  • Amicus Therapeutics, Inc. (NASDAQ:FOLD) gained 11.1% to $11.67 after the company announced it entered into a license agreement with Teva and resolved its Galafold patent litigation.
  • Webster Financial Corporation (NYSE:WBS) climbed 8.5% to $52.76 following third-quarter results.
  • Cohen & Steers, Inc. (NYSE:CNS) gained 7.7% to $109.00 after UBS upgraded the stock from Sell to Neutral and raised its price target from $63 to $102.
  • Uranium Energy Corp. (NYSE:UEC) gained 7.3% to $8.54. Uranium Energy increased licensed production capacity to 4 million pounds of U3O8 PER YEAR AT the Irigaray Processing Plant.
  • Snap-on Incorporated (NYSE:SNA) climbed 7.2% to $319.43 after the company reported better-than-expected third-quarter adjusted EPS results.
  • GrafTech International Ltd. (NYSE:EAF) gained 7% to $1.6900.
  • Expedia Group, Inc. (NASDAQ:EXPE) climbed 4.6% to $157.78 following a report suggesting Uber explored a takeover bid for the company.

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