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Rockwell Automation Posts Upbeat Earnings, Joins Insperity, BP, Alibaba And Other Big Stocks Moving Higher On Monday

Avi Kapoor 1 year ago

EarningsNewsMarketsMoversTrading Ideas

U.S. stocks were higher, with the Nasdaq Composite gaining around 200 points on Monday.

Shares of Rockwell Automation, Inc. (NYSE:ROK) rose sharply during Monday's session after the company reported first-quarter earnings above estimates.

Rockwell Automation said sales fell 8.4% year over year and slid 7.6% organically to $1.881 billion, in line with the consensus of $1.881 billion. Total ARR grew 11%. Adjusted EPS was $1.83 (-10% YoY), above the analyst consensus of $1.59.

Rockwell Automation shares jumped 10.5% to $296.78 on Monday.

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

  • SpringWorks Therapeutics, Inc. (NASDAQ:SWTX) shares jumped 30.2% to $52.45 after announcing Merck KGaA is in advanced discussions to acquire the company.
  • monday.com Ltd. (NASDAQ:MNDY) gained 28.8% to $332.78 after the company reported better-than-expected fourth-quarter financial results and first-quarter revenue outlook.
  • PowerFleet, Inc. (NASDAQ:AIOT) rose 24.2% to $7.39 after the company reported better-than-expected Q3 sales results and raised its FY25 sales and adjusted EBITDA guidance.
  • Satellogic Inc. (NASDAQ:SATL) gained 22.4% to $4.5200.
  • AST SpaceMobile, Inc. (NASDAQ:ASTS) climbed 18.8% to $31.50.
  • Axsome Therapeutics, Inc. (NASDAQ:AXSM) rose 18.8% to $125.70 after the company reached a settlement agreement with Teva Pharmaceuticals resolving all patent litigation related to its Auvelity product.
  • Mobileye Global Inc. (NASDAQ:MBLY) gained 16.2% to $18.67 after B of A Securities upgraded the stock from Underperform to Neutral and raised its price target from $12 to $19.
  • Century Aluminum Company (NASDAQ:CENX) rose 15% to $21.50. Shares of steel and aluminum stocks traded higher after reports President Trump plans additional 25% tariffs on steel and aluminum.
  • Cleveland-Cliffs Inc. (NYSE:CLF) gained 11.6% to $11.19. Shares of steel and aluminum stocks traded higher after reports President Trump plans additional 25% tariffs on steel and aluminum.
  • Insperity, Inc. (NYSE:NSP) rose 11.4% to $77.51 after the company reported better-than-expected fourth-quarter financial results.
  • Light & Wonder, Inc. (NASDAQ:LNW) rose 11% to $97.64.
  • Roku, Inc. (NASDAQ:ROKU) surged 6.7% to $90.85.
  • BP p.l.c. (NYSE:BP) rose 6.3% to $34.32 after a report from The Wall Street Journal said Elliott Management has built a stake in the company and will push for changes.
  • Alibaba Group Holding Limited (NYSE:BABA) gained 6.1% to $109.84 after President Trump reportedly postponed tariffs on packages under $800 from China.
  • United States Steel Corporation (NYSE:X) rose 5.5% to $38.99.

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