U.S. stocks were higher, with the Nasdaq Composite gaining more than 50 points on Wednesday.
Shares of KB Home (NYSE: KBH) rose sharply after the company reported financial results for the second quarter.
KB Home reported second-quarter revenue of $1.11 billion, beating analyst estimates of $1.10 billion, according to Benzinga Pro. The homebuilder reported second-quarter earnings of 43 cents per share, missing analyst estimates of 45 cents per share.
KB Home shares jumped 16.2% to $61.26 on Wednesday.
Here are some other big stocks recording gins in today's session:
- Wendy's Co (NASDAQ: WEN) shares jumped 37.8% to $8.62 as investors cheered a key executive appointment and retail traders piled into the stock amid heavy short interest.
- Absci Corp (NASDAQ: ABSI) gained 37.7% to $10.21 after the company announced interim Phase 1 data from its first-in-human trial of ABS-201. The company priced its $100 million underwritten offering of 13,495,277 shares at $7.41.
- Sunrun Inc (NASDAQ: RUN) shares rose 24.7% to $15.97. Tesla Inc (NASDAQ: TSLA), Sunrun and Renew Home are working together to free up enough electrical capacity to support the equivalent of 17 large data centers during periods of peak demand, the companies announced on Wednesday.
- Churchill Capital Corp XI (NASDAQ: CCXI) gained 22.5% to $12.74 after the company announced a SPAC merger transaction with Agility Robotics.
- Legato Merger Corp III (NASDAQ: ENRD) surged 16.5% to $7.14. Einride named Bumble and Q2 Holdings director R. Lynn Atchison to its board.
- Definium Therapeutics Inc (NASDAQ: SFTX) gained 15.4% to $41.75. The company announced the pricing of a $700 million public offering of 20,588,236 shares at $34.00 per share.
- Icecure Medical Ltd (NASDAQ: ICCM) rose 11.5% to $6.82.
- Inmode Ltd (NASDAQ: INMD) gained 11.1% to $14.83 after the company announced it received an unsolicited proposal from M.N Business Strategy to acquire all outstanding ordinary shares it does not already own.
- Dream Finders Homes Inc (NYSE: DFH) jumped 11% to $16.37.
- Primoris Services Corp (NYSE: PRIM) gained 10.8% to $94.20. Primoris Services recently announced the departure of COO Jeremy Kinch. Also, the company cut its FY26 guidance.
- LGI Homes Inc (NASDAQ: LGIH) gained 9.6% to $61.44.
- Mohawk Industries Inc (NYSE: MHK) rose 9.4% to $118.83.
- Builders FirstSource, Inc. (NYSE: BLDR) gained 9% to $83.64.
- RH (NYSE: RH) jumped 9% to $154.63.
- ICON PLC (NASDAQ: ICLR) gained 8.7% to $155.09 after the company reported better-than-expected first-quarter financial results.
- Pultegroup Inc (NYSE: PHM) rose 8.4% to $137.23.
- Adaptive Biotechnologies Corp (NASDAQ: ADPT) gained 7.7% to $18.56.
- D.R. Horton Inc (NYSE: DHI) gained 7.5% to $167.86.
- Shift4 Payments, Inc (NYSE: FOUR) rose 7.2% to $41.44.