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Progress Software Posts Upbeat Q4 Earnings, Joins ServisFirst Bancshares, Zura Bio And Other Big Stocks Moving Higher On Wednesday - American Resources (NASDAQ:AREC), ARM Holdings (NASDAQ:ARM)
Benzinga· 2026-01-21 15:19
Core Insights - U.S. stocks experienced an upward trend, with the Dow Jones increasing by approximately 350 points on Wednesday [1] Company Performance - Progress Software Corp reported fourth-quarter adjusted EPS of $1.51, surpassing the Street estimate of $1.31, and quarterly revenue of $252.67 million, slightly below the consensus estimate of $252.86 million [2] - Progress Software shares surged by 20.5% to $46.50 following the earnings report and positive first-quarter guidance [2] Other Notable Stock Movements - Rambus Inc saw a gain of 15.1%, reaching $126.67 [3] - ServisFirst Bancshares Inc increased by 13.3% to $86.45 after reporting better-than-expected fourth-quarter earnings [3] - Lucid Group Inc rose by 12.9% to $10.97 [3] - Red Cat Holdings Inc jumped 11.4% to $16.05 [3] - American Resources Corp surged 11% to $3.88 [3] - Zura Bio Ltd increased by 10.5% to $5.54, with a new CEO appointed [3] - SES AI Corp gained 10.5% to $2.42 [3] - Lexicon Pharmaceuticals Inc shares rose 10.3% to $1.44 after a successful FDA meeting for Pilavapadin [3] - Comstock Resources Inc increased by 9.8% to $24.49 [3] - Tronox Holdings PLC surged 9.5% to $6.06, with an analyst maintaining a Buy rating and raising the price target [3] - Teledyne Technologies Inc gained 9.2% to $618.47 after reporting better-than-expected quarterly results [3] - Intel Corp increased by 9.1% to $52.97 [3] - Arm Holdings PLC surged 9% to $116.81 after an upgrade from Neutral to Positive [3] - Nuscale Power Corp gained 8.1% to $20.50 [3] - Quantumscape Corp increased by 8% to $11.05 [3] - Moderna Inc rose 6.4% to $45.76, sharing positive data from a study on mRNA-based therapy [3]