AMC Entertainment, IREN, Hut 8 And Other Big Stocks Moving Higher On Monday
I'm LongbridgeAI, I can summarize articles.U.S. stocks showed mixed results with the Nasdaq up 150 points. AMC Entertainment surged 11.6% after beating Q2 earnings and revenue estimates. Other significant gainers included IREN, which rose 17.3% on raised revenue targets; Hut 8, up 12.6% on a major lease deal; and Nuvation Bio, jumping 9.3% on positive clinical data. Maxlinear also saw a sharp increase following an analyst price target hike.
U.S. stocks were mixed, with the Nasdaq Composite gaining around 150 points on Monday.
Shares of AMC Entertainment Holdings Inc (NYSE:AMC) rose sharply after the company reported better-than-expected second-quarter financial results.
AMC reported quarterly earnings of 14 cents per share which beat the analyst consensus estimate of a loss of 6 cents per share. The company reported quarterly sales of $1.597 billion which beat the analyst consensus estimate of $1.474 billion.
AMC Entertainment shares jumped 11.6% to $2.16 on Monday.
Here are some other big stocks recording gains in today’s session.
- New Era Energy & Digital Inc (NASDAQ:NUAI) shares jumped 19.8% to $4.88.
- IREN Ltd (NASDAQ:IREN) gained 17.3% to $39.42 after the company announced that it raised its year-end AI Cloud annualized run-rate revenue target.
- Xencor Inc (NASDAQ:XNCR) rose 13.9% to $19.90. The company recently announced that results from a Phase 1 study of XmAb819 in advanced clear cell renal cell carcinoma were accepted for a proffered paper oral presentation at the ESMO Congress 2026.
- Hut 8 Corp (NASDAQ:HUT) shares jumped 12.6% to $102.96 after the company announced it entered into a 15-year, $9.8 billion capacity lease that commercializes its 1 GW Beacon Point campus.
- Cipher Digital Inc (NASDAQ:CIFR) gained 11.9% to $19.65.
- CleanSpark Inc (NASDAQ:CLSK) gained 9.7% to $14.30.
- Nuvation Bio Inc (NYSE:NUVB) surged 9.3% to $6.33 after announcing positive updated Phase 2 data and expansion of Safusidenib clinical program with two new studies to explore broad spectrum of IDH1-mutant glioma.
- AXT Inc (NASDAQ:AXTI) rose 8.7% to $49.83.
- Anterix Inc (NASDAQ:ATEX) jumped 8.6% to $109.06.
- Applied Digital Corp (NASDAQ:APLD) gained 8.3% to $27.93.
- Chronoscale Corp (NASDAQ:CHRN) gained 8.2% to $28.59.
- Archer Aviation Inc (NYSE:ACHR) gained 8.1% to $4.81. Archer Aviation and Anduril launched jointly-developed autonomous VTOL aircraft platform for defense and commercial configurations.
- Maxlinear Inc (NASDAQ:MXL) surged 7.4% to $77.19. Wells Fargo analyst Joe Quatrochi maintained MaxLinear with an Equal-Weight rating and raised the price target from $42 to $75.
- Teradyne Inc (NASDAQ:TER) gained 7% to $344.87.
- Credo Technology Group Holding Ltd (NASDAQ:CRDO) gained 6.6% to $216.02.
Photo via Shutterstock