The US stock market experienced mixed performance on Friday, with the Nasdaq Composite closing down by about 150 points. Several companies saw their share prices rise significantly after reporting positive financial results and issuing optimistic forecasts. Quanex Building Products Corporation, Argan, Inc., Travere Therapeutics, Inc., and Zumiez Inc. were among the top performers, all recording double-digit percentage gains.
Argan, Inc.’s (AGX) shares surged in pre-market trading after the company reported better-than-expected second-quarter financial results, exceeding both earnings and revenue estimates. The news propelled AGX stock up by 18.4%. Other notable pre-market movers included Wheeler Real Estate Investment Trust (WHLR), BloomZ Inc. (BLMZ), and Vor Biopharma (VOR), all experiencing significant gains. Conversely, Inspire Veterinary Partners (IVP), Hoth Therapeutics (HOTH), and Eastside Distilling (EAST) faced notable declines.
