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Autoliv Posts Better-Than-Expected Earnings, Joins Hertz Global, Perion Network And Other Big Stocks Moving Higher On Wednesday

Benzinga·04/16/2025 14:18:38
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U.S. stocks were lower, with the Dow Jones index falling around 250 points on Wednesday.

Shares of Autoliv, Inc. (NYSE:ALV) rose sharply during Wednesday's session after the company reported better-than-expected first-quarter financial results.

Autoliv reported quarterly earnings of $2.15 per share which beat the analyst consensus estimate of $1.67 per share. The company reported quarterly sales of $2.58 billion which beat the analyst consensus estimate of $2.52 billion.

Autoliv shares jumped 7.5% to $88.42 on Wednesday.

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

  • Hertz Global Holdings, Inc. (NASDAQ:HTZ) shares jumped 15.6% to $4.22 after Pershing Square Capital Management disclosed via a 13F that it bought 12.7 million shares in the company.
  • Webull Corporation (NASDAQ:BULL) surged 12.2% to $45.89 after the company announced the closing of its business combination transaction with SK Growth Opportunities Corp.
  • Perion Network Ltd. (NASDAQ:PERI) rose 10.8% to $9.00 as the company announced preliminary first quarter 2025 results.
  • USA Rare Earth, Inc. (NASDAQ:USAR) gained 10.7% to $14.97.
  • IAMGOLD Corporation (NYSE:IAG) shares rose 10% to $8.19. Shares of gold stocks traded higher amid a rally in the value of the commodity past the price of $3300 and towards an all-time high.
  • MP Materials Corp. (NYSE:MP) rose 9.4% to $27.44.
  • Sibanye Stillwater Limited (NYSE:SBSW) gained 9% to $4.8850. Shares of gold stocks traded higher amid a rally in the value of the commodity past the price of $3300 and towards an all-time high.
  • Energy Fuels Inc. (NYSE:UUUU) gained 8.8% to $4.4950.
  • Wabash National Corporation (NYSE:WNC) rose 7.7% to $9.88.
  • Grocery Outlet Holding Corp. (NASDAQ:GO) gained 6.2% to $14.77. Jefferies analyst Corey Tarlowe upgraded Grocery Outlet Holding from Hold to Buy and raised the price target from $13 to $18.

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