U.S. stocks were mixed, with the Dow Jones index gaining around 100 points on Wednesday.
Shares of Paychex, Inc. PAYX rose sharply during Wednesday's session after the company reported better-than-expected quarterly adjusted EPS.
The company reported third-quarter revenue growth of 5% year-on-year to $1.509 billion, marginally missing the analyst consensus estimate of $1.516 billion. Adjusted EPS of $1.49 beat the consensus estimate of $1.48.
Paychex shares jumped 5.5% to $152.02 on Wednesday.
Here are some other big stocks recording gains in today's session.
- Playtika Holding Corp. PLTK shares jumped 23.2% to $5.42.
- Worthington Enterprises, Inc. WOR gained 18.4% to $49.31 as the company posted better-than-expected earnings for the third quarter.
- Perimeter Solutions, Inc. PRM rose 15% to $10.48 after UBS upgraded the stock from Neutral to Buy and announced a price target of $14.
- GameStop Corp. GME gained 14.3% to $29.05 after the company reported better-than-expected quarterly adjusted EPS and announced its board approved an update to its investment policy to add Bitcoin as a treasury reserve asset.
- Super Hi International Holding Ltd. HDL gained 10.6% to $24.47 following fourth-quarter results.
- BRP Inc. DOOO gained 9.9% to $39.06 following better-than-expected quarterly earnings.
- Cintas Corporation CTAS surged 9.6% to $212.18 following better-than-expected quarterly earnings.
- JinkoSolar Holding Co., Ltd. JKS gained 7.8% to $22.33 following fourth-quarter results.
- Ashland Inc. ASH rose 5.7% to $60.16. JP Morgan analyst Jeffrey Zekauskas upgraded Ashland from Neutral to Overweight and raised the price target from $68 to $71.
- Weatherford International plc WFRD rose 4.7% to $57.41.
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