Smith & Wesson Brands Reports Upbeat Earnings, Joins America's Car-Mart, HCI Group And Other Big Stocks Moving Higher On Friday

U.S. stocks were higher, with the Dow Jones index gaining more than 100 points on Friday.

Shares of Smith & Wesson Brands, Inc. (NASDAQ:SWBI) rose sharply during Friday’s session after the company reported better-than-expected third-quarter financial results.

The company recorded sales growth of 6.5% year-on-year to $137.5 million, beating the analyst consensus estimate of $133.55 million. Adjusted EPS of $0.19 beat the consensus estimate of $0.10.

Smith & Wesson Brands shares surged 25.8% to $16.91 on Friday.

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

• Willdan Group, Inc. (NASDAQ:WLDN) jumped 30.4% to $25.89 after the company reported better-than-expected fourth-quarter financial results and issued FY24 guidance above estimates. Also, the company secured a contract worth approximately $30 million to $50 million over three years.
• Gulf Island Fabrication, Inc. (NASDAQ:GIFI) shares rose 24.1% to $6.43 after the company reported a year-over-year increase in fourth-quarter revenue results.
• Grifols, S.A. (NASDAQ:GRFS) climbed 22.7% to $6.89 after the company announced it published its consolidated annual accounts for 2023.
• DoubleDown Interactive Co., Ltd. (NASDAQ:DDI) climbed 21.6% to $14.25.
• America's Car-Mart, Inc. (NASDAQ:CRMT) rose 16.5% to $72.56 following third-quarter results.
• Porch Group, Inc. (NASDAQ:PRCH) gained 16.1% to $3.6099 after the company reported better-than-expected fourth-quarter financial results and issued FY24 guidance.
• Samsara Inc. (NYSE:IOT) climbed 14.3% to $39.28 after the company reported better-than-expected fourth-quarter financial results and issued FY25 guidance above estimates.
• PureCycle Technologies, Inc. (NASDAQ:PCT) gained 12.7% to $5.75.
• Carvana Co. (NYSE:CVNA) gained 12.2% to $89.19 after RBC Capital upgraded the stock from Underperform to Sector Perform and raised its price target from $45 to $90.
• Adaptimmune Therapeutics plc (NASDAQ:ADAP) rose 12.1% to $1.95. Adaptimmune Therapeutics recently reported better-than-expected quarterly EPS results.
• Ventyx Biosciences, Inc. (NASDAQ:VTYX) gained 11.6% to $11.31. Ventyx Biosciences recently announced a $100 million private placement of common stock.
• CleanSpark, Inc. (NASDAQ:CLSK) gained 11.6% to $19.88.
• HCI Group, Inc. (NYSE:HCI) climbed 11.3% to $110.42 after the company reported better-than-expected fourth-quarter financial results.
• Marathon Digital Holdings, Inc. (NASDAQ:MARA) rose 10.5% to $24.10.
• Valneva SE (NASDAQ:VALN) gained 10.2% to $7.58.
• Redfin Corporation (NASDAQ:RDFN) gained 9.6% to $7.10.
• Plug Power Inc. (NASDAQ:PLUG) rose 8.5% to $4.2350.
• Affirm Holdings, Inc. (NASDAQ:AFRM) climbed 8.4% to $39.65.
• Upstart Holdings, Inc. (NASDAQ:UPST) climbed 8.2% to $28.53.
• Riot Platforms, Inc. (NASDAQ:RIOT) gained 6.8% to $12.79.
• Snap Inc. (NYSE:SNAP) rose 6% to $12.56 after the House Energy and Commerce Committee unanimously approved a bill that that would force ByteDance to divest TikTok.
• Carnival Corporation (NYSE:CCL) rose 5% to $16.44.

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