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U.S. stocks were mixed, with the Nasdaq Composite gaining more than 100 points on Wednesday.
Shares of Vishay Intertechnology Inc (NYSE:VSH) rose sharply after the company reported better-than-expected first-quarter financial results and issued second-quarter sales guidance above estimates.
Vishay Intertechnology reported quarterly earnings of 5 cents per share which beat the analyst consensus estimate of 3 cents per share. The company reported quarterly sales of $839.242 million which beat the analyst consensus estimate of $822.815 million.
Vishay Intertechnology shares jumped 10% to $36.99 on Wednesday.
Here are some other big stocks recording gains in today’s session.
- Velo3D Inc (NASDAQ:VELO) shares jumped 35.5% to $19.05 after the company reported better-than-expected first-quarter financial results.
- VNET Group Inc – ADR (NASDAQ:VNET) gained 32.5% to $11.95 after the company announced that PJ Millennium I Limited and PJ Millennium II entered into a share purchase agreement to purchase from the Sellers in aggregate up to 650,424,192 Class A ordinary shares at $1.4486 per share.
- C4 Therapeutics, Inc (NASDAQ:CCCC) gained 19.4% to $3.78 following upbeat quarterly results.
- Kingsoft Cloud Holdings Ltd (NASDAQ:KC) surged 18.6% to $18.16.
- Tower Semiconductor Ltd (NASDAQ:TSEM) rose 17.5% …
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