Intuitive Machines Posts Q4 Results, Joins Tesla, AnaptysBio, Coherent And Other Big Stocks Moving Higher On Monday

Benzinga · 03/24 14:10
U.S. stocks were higher, with the Dow Jones index gaining around 450 points on Monday.
Shares of Intuitive Machines, Inc. (NASDAQ:LUNR) rose sharply during Monday's session following fourth-quarter results.
Intuitive Machines reported fourth-quarter revenue of $54.66 million, missing analyst estimates of $55.77 million, according to Benzinga Pro. Total revenue was up 79% on a year-over-year basis. The company said it ended the quarter with a record backlog of $328.3 million, up 22% year-over-year.
Intuitive Machines shares jumped 17.2% to $8.29 on Monday.
Here are some other big stocks recording gains in today's session.
- Northern Dynasty Minerals Ltd. (NYSE:NAK) shares jumped 23% to $1.0957.
- AnaptysBio, Inc. (NASDAQ:ANAB) shares jumped 20.8% to $20.63 after the company announced a $75 million share buyback program.
- The AZEK Company Inc. (NYSE:AZEK) gained 18.3% to $48.96 amid an announcement that James Hardie will acquire the company for $8.75 billion.
- Montauk Renewables, Inc. (NASDAQ:MNTK) gained 15% to $2.5101.
- IonQ, Inc. (NYSE:IONQ) rose 12.5% to $25.06.
- Lemonade, Inc. (NYSE:LMND) gained 10.4% to $38.19.
- Oklo Inc. (NYSE:OKLO) gained 10.3% to $29.97 after the company announced it is engaging with the US Nuclear Regulatory Commission regarding a pre-application for its combined license application of the aurora powerhouse at Idaho National Laboratory.
- Tempus AI, Inc. (NASDAQ:TEM) rose 10.2% to $56.60.
- Root, Inc. (NASDAQ:ROOT) rose 9.4% to $175.34.
- Coherent Corp. (NYSE:COHR) surged 9.3% to $74.61 after Raymond James upgraded its rating on the stock from Outperform to Strong Buy despite lowering the price target from $110 to $91.
- D-Wave Quantum Inc. (NYSE:QBTS) gained 8.8% to $9.10. D-Wave Quantum filed for offering of 5 million common shares by selling stockholder.
- Robinhood Markets, Inc. (NASDAQ:HOOD) gained 8% to $47.90.
- Lumentum Holdings Inc. (NASDAQ:LITE) climbed 7.9% to $71.87. Raymond James analyst Simon Leopold upgraded Lumentum from Outperform to Strong Buy and lowered the price target from $96 to $82.
- Tesla, Inc. (NASDAQ:TSLA) gained 7.9% to $268.59.
- Diginex Limited (NASDAQ:DGNX) rose 7.6% to $118.37.
- RH (NYSE:RH) gained 6.9% to $258.90. RH will report financial results for the fourth quarter and fiscal year 2024 ended Feb. 1, 2025, on Wednesday, April 2, 2025.
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