AT&T Updates 2024 Outlook, Joins ZJK Industrial, Janux Therapeutics, Credo Technology Group And Other Big Stocks Moving Higher On Tuesday

+5.49%

+5.61%

-7.77%

-0.95%

-2.38%

Applied Optoelectronics, Inc. AAOI	44.03	+5.49%
Alpha and Omega Semiconductor Limited AOSL	49.16	+5.61%
BigBear.ai Holdings Inc Ordinary Shares BBAI	2.61	-7.77%
Core & Main, Inc. CNM	55.25	-0.95%
CREDO TECHNOLOGY GROUP HOLDING LTD CRDO	69.01	-2.38%

U.S. stocks were mostly lower, with the Dow Jones index falling more than 100 points on Tuesday.

Shares of AT&T Inc. (NYSE:T) rose sharply during Tuesday's session after the company updated its 2024 guidance, raising the bottom end of its adjusted EPS outlook to $2.20-$2.25, above analyst estimates of $2.10.

AT&T is modernizing its 5G wireless network, aiming to complete the transition to open, high-capacity technology by 2027. The network, with deep mid-band 5G spectrum, will cover over 300 million people by the end of 2026.

AT&T shares climbed 4.2% to $23.65 on Tuesday.

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

ZJK Industrial Co., Ltd. (NASDAQ:ZJK) shares jumped 258% to $22.69 after the company announced it received a request to produce samples for one of NVIDIA’s upcoming liquid cooling manifold projects.
Janux Therapeutics, Inc. (NASDAQ:JANX) gained 64% to $65.88 after the company announced updated interim clinical data for its JANX007 program in prostate cancer.
Credo Technology Group Holding Ltd (NASDAQ:CRDO) surged 43.5% to $68.58 after the company reported better-than-expected second-quarter financial results issued guidance above estimates. Also, multiple firms raised their respective price targets on the stock.
Porch Group, Inc. (NASDAQ:PRCH) gained 24.5% to $4.6950.
Uxin Limited (NASDAQ:UXIN) climbed 17.2% to $4.95 as the company reported a strategic partnership with CATL’s subsidiary to develop battery swapping ecosystem for used cars.
Vir Biotechnology, Inc. (NASDAQ:VIR) rose 14.2% to $9.31.
Core & Main, Inc. (NYSE:CNM) shares climbed 14.1% to $55.11 after the company reported better-than-expected quarterly EPS and sales.
BigBear.ai Holdings, Inc. (NYSE:BBAI) gained 12.3% to $2.46.
Sunstone Hotel Investors, Inc. (NYSE:SHO) surged 10.9% to $11.94.
MP Materials Corp. (NYSE:MP) gained 10.2% to $22.94.
GrafTech International Ltd. (NYSE:EAF) shares surged 9.7% to $2.0400.
BingEx Limited (NASDAQ:FLX) rose 9.3% to $8.48.
JinkoSolar Holding Co., Ltd. (NYSE:JKS) gained 8.2% to $26.72.
Applied Optoelectronics, Inc. (NASDAQ:AAOI) jumped 7.8% to $43.93.
Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) gained 7.7% to $44.56.
Zeta Global Holdings Corp. (NYSE:ZETA) surged 6.6% to $25.60.

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