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U.S. stocks were higher, with the Nasdaq Composite gaining around 1% on Friday.
Shares of Monster Beverage Corp (NASDAQ:MNST) rose sharply after the company reported better-than-expected quarterly financial results.
Monster Beverage reported quarterly earnings of 58 cents per share which beat the analyst consensus estimate of 53 cents per share. The company reported quarterly sales of $2.354 billion which beat the analyst consensus estimate of $2.159 billion.
Monster Beverage shares jumped 12.8% to $85.67 on Friday.
Here are some other big stocks recording gains in today’s session.
- Phoenix Asia Holdings Ltd (NASDAQ:PHOE) shares jumped 88% to $35.84. The company recently announced a $1 billion stock acquisition agreement to acquire clinical-stage pharmaceutical firm ACEA Pharma Inc., marking a dramatic pivot from its construction roots into oncology and autoimmune drug development.
- Innodata Inc (NASDAQ:INOD) gained 86.8% to $85.30 after the company reported better-than-expected first-quarter financial results and issued FY26 sales guidance above estimates.
- Westrock Coffee Co (NASDAQ:WEST) rose 39% to $8.20 after the company reported better-than-expected first-quarter sales results.
- Fluence Energy Inc (NASDAQ:FLNC) gained 29.8% to $24.63. Susquehanna analyst Biju Perincheril maintained Fluence Energy with a Positive and raised the price target from $23 to $25.
- Nlight Inc
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