United Airlines Reports Upbeat Results, Joins Children’s Place, Interactive Brokers And Other Big Stocks Moving Higher On Wednesday – United Airlines Holdings (NASDAQ:UAL)

U.S. stocks were lower, with the Dow Jones index falling over 50 points on Wednesday.

Shares of United Airlines Holdings, Inc. (NASDAQ:UAL) rose sharply during Wednesday’s session after the company reported better-than-expected first-quarter financial results.

Revenue of $12.539 billion topped estimates of $12.4 billion. The company posted a loss of 15 cents per share, versus expectations for a loss of 57 cents per share, according to data from Benzinga Pro.

United Airlines shares jumped 11.2% to $46.12 on Wednesday.

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

• Edible Garden AG Incorporated (NASDAQ:EDBL) surged 112% to $9.73 after the company reported preliminary first quarter FY24 results.
• The Children’s Place, Inc. (NASDAQ:PLCE) shares jumped 35.5% to $9.64 after the company announced it entered into a new financing agreement with Mithaq Capital.
• Cullinan Therapeutics, Inc. (NASDAQ:CGEM) rose 14% to $19.75. HC Wainwright & Co. analyst Edward White maintained Cullinan Oncology with a Buy and lowered the price target from $34 to $29.
• Trump Media & Technology Group Corp. (NASDAQ:DJT) rose 11% to $25.35.
• ALX Oncology Holdings Inc. (NASDAQ:ALXO) climbed 10.4% to $16.01.
• Mesoblast Limited (NASDAQ:MESO) rose 8.5% to $5.09.
• Applied Optoelectronics, Inc. (NASDAQ:AAOI) jumped 8.4% to $13.00.
• AMC Entertainment Holdings, Inc. (NYSE:AMC) surged 7.5% to $2.9250, bouncing back from the selling pressure the stock has faced in recent week.
• AirSculpt Technologies, Inc. (NASDAQ:AIRS) rose 7.2% to $5.63.
• Zuora, Inc. (NYSE:ZUO) rose 6.4% to $9.01.
• Interactive Brokers Group, Inc. (NASDAQ:IBKR) gained 5.2% to $112.93 following upbeat quarterly earnings.

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