--- title: "Penguin Solutions, Beazer Homes, Alibaba And Other Big Stocks Moving Higher On Wednesday" type: "News" locale: "en" url: "https://longbridge.com/en/news/292085702.md" description: "U.S. stocks fell with the Nasdaq down over 100 points, yet several major stocks rose significantly. Penguin Solutions surged 18.8% on better-than-expected Q3 earnings. Other gainers included Beazer Homes (up 14.7%) following an increased acquisition bid, Alibaba (up 10.6%) on optimism ahead of earnings, and Terawulf (up 11.5%). Analyst upgrades also boosted shares of Kingsoft Cloud and BridgeBio Oncology." datetime: "2026-07-08T14:18:27.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/292085702.md) - [en](https://longbridge.com/en/news/292085702.md) - [zh-HK](https://longbridge.com/zh-HK/news/292085702.md) --- # Penguin Solutions, Beazer Homes, Alibaba And Other Big Stocks Moving Higher On Wednesday U.S. stocks were lower, with the Nasdaq Composite falling more than 100 points on Wednesday. Shares of **Penguin Solutions Inc** (NASDAQ:PENG) rose sharply after the company announced better-than-expected third-quarter financial results. Penguin reported adjusted earnings per share of 84 cents, beating the consensus estimate of 54 cents. In addition, it reported revenue of $478.71 million, beating the consensus estimate of $405.53 million. Penguin Solutions shares jumped 18.8% to $74.50 on Wednesday. Here are some other big stocks recording gains in today’s session. - **Prime Medicine, Inc** (NASDAQ:PRME) gained 15.1% to $4.59 after announcing positive resolution to arbitration with Beam Therapeutics. - **Beazer Homes USA In**c (NYSE:BZH) gained 14.7% to $31.47. Dream Finders Homes confirmed increased all-cash bid to acquire Beazer Homes at $32.00 per share. - **Terawulf Inc** (NASDAQ:WULF) gained 11.5% to $22.56. - **Veraxa Biotech AG** (NASDAQ:VRXA) rose 11.2% to $3.37. - **Alibaba Group Holding Ltd – ADR** (NYSE:BABA) gained 10.6% to $108.60 amid investor optimism ahead of its upcoming earnings after reports suggested that the company expects narrowing losses in its instant-commerce business. - **Profrac Holding Corp** (NASDAQ:ACDC) jumped 10% to $5.18. - **Kingsoft Cloud Holdings Ltd** (NASDAQ:KC) gained 10% to $10.38. Kingsoft Cloud shares gained over 3% on Tuesday after Morgan Stanley initiated its coverage on the stock with an Overweight rating and announced a price target of $15. - **Par Pacific Holdings Inc** (NYSE:PARR) jumped 9% to $66.98. - **Swarmer Inc** (NASDAQ:SWMR) rose 8.8% to $43.76. - **BridgeBio Oncology Therapeutics Inc** (NASDAQ:BBOT) jumped 7.5% to $8.91. JP Morgan analyst Priyanka Grover initiated coverage on BridgeBio Oncology with an Overweight rating and announced a price target of $27. - **Kirby Corp** (NYSE:KEX) gained 7.1% to $143.46. B of A Securities analyst Ken Hoexter maintained Kirby with a Buy and raised the price target from $169 to $182. - **AXT Inc** (NASDAQ:AXTI) rose 5.6% to $61.40. AXT’s subsidiary is withdrawing IPO application from Shanghai Stock Exchange’s STAR Market, to carry out Hong Kong Stock Exchange listing. - **Patterson-UTI Energy Inc** (NASDAQ:PTEN) gained 5.3% to $9.64. Susquehanna analyst Charles Minervino maintained Patterson-UTI Energy with a Positive and lowered the price target from $14 to $12. - **Baidu Inc** (NASDAQ:BIDU) rose 4.8% to $117.47. _Photo via Shutterstock_ ### Related Stocks - [WULF.US](https://longbridge.com/en/quote/WULF.US.md) - [KC.US](https://longbridge.com/en/quote/KC.US.md) - [PENG.US](https://longbridge.com/en/quote/PENG.US.md) - [.IXIC.US](https://longbridge.com/en/quote/.IXIC.US.md) - [BZH.US](https://longbridge.com/en/quote/BZH.US.md) - [BBOT.US](https://longbridge.com/en/quote/BBOT.US.md) - [03896.HK](https://longbridge.com/en/quote/03896.HK.md) - [WULX.US](https://longbridge.com/en/quote/WULX.US.md) - [ONEQ.US](https://longbridge.com/en/quote/ONEQ.US.md) - [QQQ.US](https://longbridge.com/en/quote/QQQ.US.md) - [QQQM.US](https://longbridge.com/en/quote/QQQM.US.md) - [QQEW.US](https://longbridge.com/en/quote/QQEW.US.md) - [QQQE.US](https://longbridge.com/en/quote/QQQE.US.md) - [TQQQ.US](https://longbridge.com/en/quote/TQQQ.US.md) - [QLD.US](https://longbridge.com/en/quote/QLD.US.md) - [PSQ.US](https://longbridge.com/en/quote/PSQ.US.md) - [SQQQ.US](https://longbridge.com/en/quote/SQQQ.US.md) - [QID.US](https://longbridge.com/en/quote/QID.US.md) - [PRME.US](https://longbridge.com/en/quote/PRME.US.md) - [DFH.US](https://longbridge.com/en/quote/DFH.US.md) - [VRXA.US](https://longbridge.com/en/quote/VRXA.US.md) - [BABA.US](https://longbridge.com/en/quote/BABA.US.md) - [09988.HK](https://longbridge.com/en/quote/09988.HK.md) - [ACDC.US](https://longbridge.com/en/quote/ACDC.US.md) - [MS.US](https://longbridge.com/en/quote/MS.US.md) - [PARR.US](https://longbridge.com/en/quote/PARR.US.md) - [SWMR.US](https://longbridge.com/en/quote/SWMR.US.md) - [JPM.US](https://longbridge.com/en/quote/JPM.US.md) - [KEX.US](https://longbridge.com/en/quote/KEX.US.md) - [BAC.US](https://longbridge.com/en/quote/BAC.US.md) - [AXTI.US](https://longbridge.com/en/quote/AXTI.US.md) - [PTEN.US](https://longbridge.com/en/quote/PTEN.US.md) - [BIDU.US](https://longbridge.com/en/quote/BIDU.US.md) - [09888.HK](https://longbridge.com/en/quote/09888.HK.md) - [89988.HK](https://longbridge.com/en/quote/89988.HK.md) - [HBBD.SG](https://longbridge.com/en/quote/HBBD.SG.md) - [MS-O.US](https://longbridge.com/en/quote/MS-O.US.md) - [MS-Q.US](https://longbridge.com/en/quote/MS-Q.US.md) - [MS-E.US](https://longbridge.com/en/quote/MS-E.US.md) - [MS-I.US](https://longbridge.com/en/quote/MS-I.US.md) - [MS-L.US](https://longbridge.com/en/quote/MS-L.US.md) - [MS-P.US](https://longbridge.com/en/quote/MS-P.US.md) - [MS-A.US](https://longbridge.com/en/quote/MS-A.US.md) - [MS-F.US](https://longbridge.com/en/quote/MS-F.US.md) - [MS-K.US](https://longbridge.com/en/quote/MS-K.US.md) - [JPM-M.US](https://longbridge.com/en/quote/JPM-M.US.md) - [JPM-C.US](https://longbridge.com/en/quote/JPM-C.US.md) - [JPM-D.US](https://longbridge.com/en/quote/JPM-D.US.md) - [JPM-L.US](https://longbridge.com/en/quote/JPM-L.US.md) - [8634.JP](https://longbridge.com/en/quote/8634.JP.md) - [JPM-K.US](https://longbridge.com/en/quote/JPM-K.US.md) - [JPM-J.US](https://longbridge.com/en/quote/JPM-J.US.md) - [BAC-Q.US](https://longbridge.com/en/quote/BAC-Q.US.md) - [BML-L.US](https://longbridge.com/en/quote/BML-L.US.md) - [BAC-L.US](https://longbridge.com/en/quote/BAC-L.US.md) - [BAC-K.US](https://longbridge.com/en/quote/BAC-K.US.md) - [BML-H.US](https://longbridge.com/en/quote/BML-H.US.md) - [BAC-N.US](https://longbridge.com/en/quote/BAC-N.US.md) - [BAC-E.US](https://longbridge.com/en/quote/BAC-E.US.md) - [MER-K.US](https://longbridge.com/en/quote/MER-K.US.md) - [BAC-O.US](https://longbridge.com/en/quote/BAC-O.US.md) - [BML-G.US](https://longbridge.com/en/quote/BML-G.US.md) - [BAC-M.US](https://longbridge.com/en/quote/BAC-M.US.md) - [BAC-B.US](https://longbridge.com/en/quote/BAC-B.US.md) - [BML-J.US](https://longbridge.com/en/quote/BML-J.US.md) - [BAC-S.US](https://longbridge.com/en/quote/BAC-S.US.md) - [BAC-P.US](https://longbridge.com/en/quote/BAC-P.US.md) - [8648.JP](https://longbridge.com/en/quote/8648.JP.md) - [89888.HK](https://longbridge.com/en/quote/89888.HK.md) ## Related News & Research - [Penguin Solutions SVP and President, Optimized LED Joseph Gates Clark sells 1,327 shares for $76,272.69](https://longbridge.com/en/news/293988303.md) - [Penguin Solutions Chief Legal Officer Anne Kuykendall disposes of USD 226,187 in common shares](https://longbridge.com/en/news/293530295.md) - [Wealth Watch Advisors INC Purchases 2,385 Shares of Invesco QQQ $QQQ](https://longbridge.com/en/news/293917246.md) - [Invesco QQQ $QQQ Shares Sold by Bridgewater Advisors Inc.](https://longbridge.com/en/news/293816835.md) - [Invesco QQQ $QQQ Shares Sold by Keebeck Wealth Management](https://longbridge.com/en/news/293739705.md)