U.S. stocks closed higher with the Dow Jones surging more than 500 points on Wednesday. Here is the list of some big stocks recording gains in the previous session.
- Acumen Pharmaceuticals, Inc. (NASDAQ:ABOS) shares rose 103.8% to close at $9.58 after Biogen and Eisai announced their Phase 3 Clarity study of lecanemab met its primary endpoint.
- Prothena Corporation plc (NASDAQ:PRTA) shares jumped 87.5% to close at $58.00 on Wednesday after Biogen and Eisai Co. Ltd. announced late Tuesday positive results from a late-stage study of their Alzheimer's treatment candidate. Prothena is a biotechnology company that focuses on protein dysregulation and a pipeline of investigational therapeutics with the potential to change the course of devastating rare neurodegenerative diseases, like Alzheimer's.
- Biogen Inc. (NASDAQ:BIIB) shares rose 39.9% to close at $276.61. Biogen and Eisai Co. announced late Tuesday positive results from a late-stage study of their Alzheimer's treatment candidate.
- Ginkgo Bioworks Holdings, Inc. (NYSE:DNA) gained 20.1% to close at $3.47.
- Denali Therapeutics Inc. (NASDAQ:DNLI) gained 17.7% to close at $32.12.
- Workiva Inc. (NYSE:WK) jumped 17.6% to close at $76.15. Workiva is said to draw Thoma Bravo, TPG interest, Bloomberg reported.
- Coeur Mining, Inc. (NYSE:CDE) jumped 15.2% to close at $3.26.
- Peabody Energy Corporation (NYSE:BTU) gained 11.6% to close at $24.85.
- Rumble Inc. (NASDAQ:RUM) gained 11.4% to close at $12.99 amid the start of Russell Brand's show on the platform. It was also rumored Elon Musk may appear on the show next week.
- Alpha Metallurgical Resources, Inc. (NYSE:AMR) jumped 11.3% to close at $138.60.
- EQRx, Inc. (NASDAQ:EQRX) gained 11.1% to settle at $5.20.
- Guardant Health, Inc. (NASDAQ:GH) jumped 10.7% to close at $54.89.
- Chegg, Inc. (NYSE:CHGG) rose 10.6% to settle at $22.68.
- HashiCorp, Inc. (NASDAQ:HCP) gained 10.5% to settle at $32.83.
- Eve Holding, Inc. (NYSE:EVEX) jumped 10% to close at $11.02.
- Netflix, Inc. (NASDAQ:NFLX) gained 9.3% to close at $245.20 after Atlantic Equities upgraded the stock from Neutral to Overweight and raised its price target from $211 to $283.
- Illumina, Inc. (NASDAQ:ILMN) jumped 7.7% to close at $201.29 after Evercore ISI Group upgraded the stock from In-Line to Outperform and announced a $250 price target.
- Lilly and Company (NYSE:LLY) rose 7.5% to close at $334.38. Shares of companies with potential Alzheimer's treatments traded higher in sympathy with Biogen.
- Hess Corporation (NYSE:HES) gained 7.1% to close at $108.30.