Iris Energy, Arrowhead Pharmaceuticals, Urban Outfitters And Other Big Stocks Moving Higher On Wednesday

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

Shares of Iris Energy Limited (NASDAQ:IREN) rose sharply during Wednesday's session on the heels of the company's first-quarter financial results. Multiple analysts raised price targets following the print.

After the market close on Tuesday, Iris reported first-quarter Bitcoin (CRYPTO: BTC) mining revenue of $49.6 million. The company reported a 28% increase in AI Cloud Services revenue quarter-over-quarter to $3.2 million.

Iris Energy shares jumped 30.8% to $12.51 on Wednesday.

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

• Agora, Inc. (NASDAQ:API) gained 26.1% to $5.98.





• Arrowhead Pharmaceuticals, Inc. (NASDAQ:ARWR) shares gained 20.9% to $25.45 following FY 2024 results.





• Murano Global Investments Plc (NASDAQ:MRNO) jumped 18.4% to $11.13.





• Kingsoft Cloud Holdings Limited (NASDAQ:KC) gained 17.1% to $6.99.





• Urban Outfitters, Inc. (NASDAQ:URBN) shares surged 16% to $46.58 following third-quarter earnings. Citigroup upgraded the stock to Buy following the report.





• Bit Digital, Inc. (NASDAQ:BTBT) gained 14.4% to $4.2802.





• Fate Therapeutics, Inc. (NASDAQ:FATE) gained 14.4% to $3.0650.





• Hut 8 Corp. (NASDAQ:HUT) shares jumped 12.8% to $27.56.





• Archer Aviation Inc. (NYSE:ACHR) gained 12.2% to $8.10.





• MINISO Group Holding Limited (NASDAQ:MNSO) climbed 7.2% to $18.66.





• Bloom Energy Corporation (NYSE:BE) shares gained 5.8% to $27.69.





• Ambarella, Inc. (NASDAQ:AMBA) gained 5% to $71.82 after the company on Tuesday reported a year-over-year increase in third-quarter revenue results..

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• Urban Outfitters To Rally Around 47%? Here Are 10 Top Analyst Forecasts For Wednesday

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