U.S. stocks were higher, with the Nasdaq Composite gaining around 80 points on Friday.
Shares of $Deckers Outdoor (DECK.US)$ rose sharply during Friday's session after the company reported better-than-expected quarterly financial results.
Deckers Outdoor reported quarterly earnings of $4.95 per share which beat the analyst consensus estimate of $2.90 by 70.69%. Quarterly sales clocked in at $959.758 million, beating the analyst consensus estimate of $887.548 million by 8.14% and representing a 21.25% increase over sales of $791.571 million from the same period last year, according to data from Benzinga Pro.
Deckers Outdoor shares climbed 11.6% to $1,009.99 on Friday.
Here are some other big stocks recording gains in today's session.
$Merus (MRUS.US)$ jumped 30% to $57.26 after the company announced the publication of an abstract regarding petosemtamab in combination with pembrolizumab on the 2024 ASCO Annual Meeting website.
$Magnite (MGNI.US)$ shares rose 12.3% to $12.43. B of A Securities analyst Omar Dessouky upgraded Magnite from Neutral to Buy and raised the price target from $13 to $15.
$PDD Holdings (PDD.US)$ gained 7.2% to $164.64. Goldman Sachs analyst Ronald Keung upgraded PDD Holdings from Neutral to Buy and raised the price target from $145 to $184.