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U.S. stocks were lower, with the Dow Jones index falling over 100 points on Wednesday.

Shares of Cognyte Software Ltd. (NASDAQ:CGNT) rose sharply during Wednesday's session after the company reported better-than-expected fourth-quarter financial results.

Cognyte Software posted adjusted earnings of 3 cents per share, beating market estimates of 1 cent per share. The company's quarterly sales came in at $94.505 million versus expectations of $93.154 million.

Cognyte Software shares jumped 22.1% to $10.04 on Wednesday.

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

• AngioDynamics, Inc. (NASDAQ:ANGO) shares rose 13.7% to $10.98 after the company reported better-than-expected third-quarter sales results and raised its FY25 guidance above estimates.
• Rocket Companies, Inc. (NYSE:RKT) gained 13.1% to $14.26.
• Cytokinetics, Incorporated (NASDAQ:CYTK) shares rose 12% to $41.99.
• Redfin Corporation (NASDAQ:RDFN) shares surged 11.7% to $10.69.
• CoreWeave, Inc. (NASDAQ:CRWV) gained 10.1% to $57.90.
• Gyre Therapeutics, Inc. (NASDAQ:GYRE) rose 9.8% to $7.04.
• Mr. Cooper Group Inc. (NASDAQ:COOP) surged 9.5% to $136.97.
• Sana Biotechnology, Inc. (NASDAQ:SANA) gained 8.3% to $1.6250.
• Allegiant Travel Company (NASDAQ:ALGT) rose 7.1% to $54.45. Raymond James analyst Savanthi Syth upgraded Allegiant Travel from Outperform to Strong Buy and lowered the price target from $125 to $90.
• Studio City International Holdings Limited (NYSE:MSC) gained 7% to $3.85.
• Arcellx, Inc. (NASDAQ:ACLX) gained 5.9% to $64.28.
• Ciena Corporation (NYSE:CIEN) shares rose 4.6% to $64.34.
• RH (NYSE:RH) rose 3.8% to $248.24 ahead of quarterly earnings.

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