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Progress Software Posts Upbeat Results, Joins Microvast, PVH And Other Big Stocks Moving Higher On Tuesday
Benzinga·04/01/2025 14:32:43
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U.S. stocks were lower, with the Dow Jones index falling over 300 points on Tuesday.
Shares of Progress Software Corporation (NASDAQ:PRGS) rose sharply during Tuesday's session after the company reported better-than-expected quarterly financial results.
Progress Software reported quarterly earnings of $1.31 per share which beat the analyst consensus estimate of $1.06 per share. The company reported quarterly sales of $238.01 million which beat the analyst consensus estimate of $235.63 million.
Progress Software shares surged 8.2% to $55.74 on Tuesday.
Here are some other big stocks recording gains in today's session.
- Newsmax, Inc. (NASDAQ:NMAX) shares jumped 100.5% to $167.42 after jumping 735% on Monday.
- Microvast Holdings, Inc. (NASDAQ:MVST) gained 20.5% to $1.41 after the company reported better-than-expected fourth-quarter financial results.
- PVH Corp. (NYSE:PVH) gained 17.1% to $75.67 following a fourth-quarter adjusted EPS and revenue beat. Additionally, the company announced plans to enter into a $500 million accelerated share repurchase program.
- Alumis Inc. (NASDAQ:ALMS) rose 10.6% to $6.79.
- CoreWeave, Inc. (NASDAQ:CRWV) climbed 9.8% to $40.72.
- HUTCHMED (China) Limited (NASDAQ:HCM) climbed 7.7% to $16.20.
- Nayax Ltd. (NASDAQ:NYAX) gained 7.5% to $36.82. William Blair analyst Cristopher Kennedy upgraded Nayax from Market Perform to Outperform.
- LZ Technology Holdings Limited (NASDAQ:LZMH) gained 5.2% to $7.27.
- Oklo Inc. (NYSE:OKLO) rose 4.1% to $22.51.
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① During the campaign period, US stocks, US stocks short selling, US stock options, Hong Kong stocks, and A-shares trading will maintain at $0 commission, and no subscription/redemption fees for mutual fund transactions. $0 fee offer has a time limit, until further notice. For more information, please visit: https://www.webull.hk/pricing
Webull Securities Limited is licensed with the Securities and Futures Commission of Hong Kong (CE No. BNG700) for carrying out Type 1 License for Dealing in Securities, Type 2 License for Dealing in Futures Contracts and Type 4 License for Advising on Securities.
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