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Kanzhun

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Kanzhun's Boss Zhipin job platform connects job seekers and employers. Boss Zhipin is China's largest online recruitment platform based on average number of monthly active users, or MAU, and was established in 2014. Kanzhun earns revenue by providing services to enterprise customers primarily through its mobile app, which promotes engagement between recruiters and workers and operates on a recommendation basis powered by artificial intelligence. The platform specializes in transportation, logistics, construction, and service-based industries. About 85% of the companies looking to hire are small and medium-size enterprises. Its main competitors are 58.com, 51job, and Zhilian Zhaopin. Tencent has a 9.2% stake in Kanzhun.

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Shares US-listed Chinese stocks are trading lower amid continued stimulus uncertainty.

Shares of US-listed Chinese stocks are trading higher, rebounding after a recent selloff from stimulus uncertainty and soft economic data.

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Shares of US-listed Chinese stocks are trading lower after China's September exports missed estimates. China stimulus uncertainty has also weighed on stocks recently.

Shares of US-listed Chinese stocks are trading lower on continued weakness amid stimulus uncertainty.

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Shares of US-listed Chinese stocks are trading lower after Chinese planning officials reportedly fell short of investor stimulus expectations.

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Shares of US-listed Chinese stocks are trading lower as the sector pulls back from recent strength. These companies rallied after the People's Bank of China announced a new stimulus package ahead of the Golden Week holidays.

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Shares of US-listed Chinese stocks are trading higher on continued strength following recent stimulus measures and the start of the National Day Golden Week.

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MSCI

Shares of US-listed Chinese companies are trading higher on continued strength amid stimulus efforts. September PMI data beat estimates but factory activity fell, which may raise stimulus hopes.

Last week, China's central bank&nbsp;announced plans to cut banks' reserve requirement ratio (RRR) by 50 basis points or half a percentage point, boosting the stocks of U.S.-listed Chinese companies <a target="_blank" href="https://www.benzinga.com//node/41065178" rel="noreferrer noopener">across sectors</a>.
These seven mid-cap stocks were the best performers in the last week. Are they in your portfolio?
<ol>
<li>Lufax Holding Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LU#NYSE">LU</a>) shares were up 23.48%.</li>
<li>Bilibili Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BILI#NASDAQ">BILI</a>) shares jumped 32.47%, probably due to continued strength following a report suggesting that China would issue up to $284 billion in sovereign debt as part of a stimulus.</li>
<li>KANZHUN LIMITED (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BZ#NASDAQ">BZ</a>) shares upped 26.63%.</li>
<li>TAL Education Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAL#NYSE">TAL</a>) stock escalated 27.23%, benefiting from an aggressive monetary stimulus introduced by <a href="https://www.benzinga.com//node/41051772" target="_blank" rel="noreferrer noopener">the People's Bank of China (PBoC)</a>.</li>
<li>XPeng Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>) stock gained 32.50% last week amid continued strength following a report suggesting China will issue up to $284 billion of sovereign debt as part of a stimulus.</li>
<li>MP Materials Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MP#NYSE">MP</a>) stock gained 32.40% last week after Baird <a href="https://www.benzinga.com/quote/mp/analyst-ratings" target="_blank" rel="noreferrer noopener">raised its price forecast</a> on the stock from $20 to $25.</li>
<li>Rocket Lab USA, Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RKLB#NASDAQ">RKLB</a>) stock gained 30.92% last week after several analysts <a href="https://www.benzinga.com/quote/rklb/analyst-ratings" target="_blank" rel="noreferrer noopener">raised their price forecasts</a>.</li>
</ol>
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Chinese Stocks Dominate Mid Cap Space - Bilibili And XPeng Are Among Top 7 Mid Cap Gainers Last Week (Sept 23-Sept 27): Are The Others In Your Portfolio?

Shares of US-listed Chinese companies are trading higher possibly amid continued strength following a report suggesting China will issue up to $284 billion of sovereign debt as part of a stimulus.

Shares of Chinese stocks are trading higher following a report suggesting China will issue up to $284 billion of sovereign debt as part of a stimulus.

Shares of Telesis Bio, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TBIO#NASDAQ">TBIO</a>) rose sharply in today's pre-market trading session after the company announced a partnership with Beckman Coulter Life Sciences to revolutionize DNA and mRNA synthesis.
Telesis Bio reached a new partnership with laboratory automation and innovation company Beckman Coulter Life Sciences to create efficient and scalable biofoundries and deliver<a href="https://www.benzinga.com/general/biotech/24/09/41035436/telesis-bio-stock-is-soaring-wednesday-whats-going-on"> solutions for DNA synthesis</a>.
Telesis Bio shares jumped 109.9% to $4.87 in the pre-market trading.
Here are some other stocks moving in pre-market trading.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Kintara Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KTRA#NASDAQ">KTRA</a>) rose 41.8% to $0.2375 in pre-market trading. Kintara Therapeutics recently announced adjournment of special meeting of stockholders until Oct. 4.</li>
<li>Fangdd Network Group Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DUO#NASDAQ">DUO</a>) shares rose 22.3% to $0.6234 in pre-market trading after declining 7% on Friday.</li>
<li>NuCana plc  (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NCNA#NASDAQ">NCNA</a>) gained 20.7% to $3.68 in pre-market trading after the company announced a U.S. patent grant covering its NUC-7738 composition-of-matter.</li>
<li>Micron Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) gained 15.5% to $110.61 in pre-market as the company reported better-than-expected fourth-quarter financial results. The company reported fourth-quarter revenue of $7.75 billion, beating the consensus estimate of $7.635 billion. The company reported fourth-quarter adjusted earnings of $1.18 per share, beating analyst estimates of $1.13 per share, according to Benzinga Pro.</li>
<li>Gaotu Techedu Inc.  (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GOTU#NYSE">GOTU</a>) shares rose 14.8% to $3.34 in pre-market trading after falling around 5% on Wednesday.</li>
<li>Sonnet BioTherapeutics Holdings, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SONN#NASDAQ">SONN</a>) rose 14.2% to $0.83 in pre-market trading. Sonnet BioTherapeutics shares dipped 20% on Wednesday after the company announced a 1-for-8 reverse stock split.</li>
<li>MicroCloud Hologram Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOLO#NASDAQ">HOLO</a>) shares gained 13.6% to $0.2737 in pre-market trading after rising around 5% on Wednesday.</li>
<li>Kanzhun Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BZ#NASDAQ">BZ</a>) shares surged 13.5% to $16.20 in pre-market trading after falling 6% on Wednesday.</li>
<li>American Lithium Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMLI#NASDAQ">AMLI</a>) gained 8.7% to $0.5297 in pre-market trading after gaining over 11% on Wednesday.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>VS MEDIA Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VSME#NASDAQ">VSME</a>) fell 23.6% to $1.16 in pre-market trading after jumping 22% on Wednesday.</li>
<li>MDxHealth SA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDXH#NASDAQ">MDXH</a>) shares dipped 20.9% to $2.01 in pre-market trading after the company reported the pricing of offering of ordinary shares.</li>
<li>Pagaya Technologies Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PGY#NASDAQ">PGY</a>) shares fell 15% to $10.59 in pre-market trading after the company announced its intention to offer $125 million of exchangeable senior notes due 2029 in a private offering.</li>
<li>AtlasClear Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATCH#NASDAQ">ATCH</a>) fell 14.5% to $0.2547 in pre-market trading. AtlasClear Holdings named Mark S. Smith as a Board Member.</li>
<li>Concentrix Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNXC#NASDAQ">CNXC</a>) shares declined 13.8% to $54.79 in pre-market trading following mixed third-quarter financial results.</li>
<li>NLS Pharmaceutics AG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NLSP#NASDAQ">NLSP</a>) shares fell 13.8% to $0.11 in pre-market trading. NLS Pharmaceutics, on Wednesday, announced expected implementation of 1-for-40 reverse share split.</li>
<li>Seelos Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEEL#NASDAQ">SEEL</a>) fell 13.4% to $0.2928 in today's pre-market trading after gaining 13% on Wednesday. The company announced a 1-for-16 reverse stock split.</li>
<li>ConnectM Technology Solutions, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNTM#NASDAQ">CNTM</a>) shares declined 12.3% to $1.00 in pre-market trading after declining 10% on Wednesday.</li>
<li>Armada Hoffler Properties, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AHH#NYSE">AHH</a>) declined 7.3% to $11.00 in pre-market trading. Armada Hoffler announced upsizing and pricing of public offering of common stock.</li>
<li>Sonos, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SONO#NASDAQ">SONO</a>) shares fell 6% to $11.86 in pre-market trading.</li>
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Why Telesis Bio Shares Are Trading Higher By Around 110%; Here Are 20 Stocks Moving Premarket

Shares of US-listed Chinese companies are trading lower amid a possible selloff following yesterday's strength after China's Central Bank announced a new stimulus package.

U.S. stocks were lower, with the Dow Jones index falling around 200 points on Friday.
Shares of Wave Life Sciences Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WVE#NASDAQ">WVE</a>) rose sharply during Tuesday's session after the company announced interim data from its ongoing Phase 2 FORWARD-53 study of WVE-N531 for <a href="https://www.benzinga.com/quote/WVE/news">Duchenne muscular dystrophy.</a>
Wave Life Sciences shares surged 37.9% to $7.36 on Tuesday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>Liberty Broadband Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LBRDA#NASDAQ">LBRDA</a>) gained 23.8% to $74.06 after the company announced that it submitted a counterproposal to charter for the proposed business combination.</li>
<li>Kanzhun Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BZ#NASDAQ">BZ</a>) gained 15% to $14.64. Shares of US-listed Chinese companies traded higher after China Central Bank announced a new stimulus package.</li>
<li>Bilibili Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BILI#NASDAQ">BILI</a>) surged 12.7% to $17.94.</li>
<li>Tencent Music Entertainment Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TME#NASDAQ">TME</a>) gained 12.2% to $11.43. Shares of US-listed Chinese companies traded higher after China Central Bank announced a new stimulus package.</li>
<li>Dada Nexus Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DADA#NASDAQ">DADA</a>) shares jumped 11.9% to $1.41. Shares of US-listed Chinese companies traded higher after China Central Bank announced a new stimulus package.</li>
<li>Ramaco Resources, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/METC#NASDAQ">METC</a>) surged 10% to $11.15.</li>
<li>Ivanhoe Electric Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IE#NYSE">IE</a>) gained 10.7% to $8.21.</li>
<li>iQIYI, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IQ#NASDAQ">IQ</a>) jumped 10% to $2.35.</li>
<li>JD.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>) gained 9.2% to $32.49.</li>
<li>NIO Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) gained 8.6% to $5.78. Shares of US-listed Chinese companies traded higher after China Central Bank announced a new stimulus package.</li>
<li>SBC Medical Group Holdings Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBC#NASDAQ">SBC</a>) rose 8.2% to $6.22. Shares of US-listed Chinese companies traded higher after China Central Bank announced a new stimulus package.</li>
<li>Alcoa Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AA#NYSE">AA</a>) gained 7.5% to $36.80.</li>
<li>Li Auto Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>) climbed 7.5% to $23.86. Shares of US-listed Chinese companies traded higher after China Central Bank announced a new stimulus package.</li>
<li>GDS Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GDS#NASDAQ">GDS</a>) gained 7% to $21.94.</li>
<li>Las Vegas Sands Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LVS#NYSE">LVS</a>) shares rose 5.7% to $44.53.</li>
<li>Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) shares gained 2.5% to $256.20. The catalyst that is potentially offering support on Tuesday is data out of China that showed that insured registered for Tesla vehicles remained healthy for the recent reporting week.</li>
</ul>
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Intraday Update

LBRDA

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TSLA

Wave Life Sciences, Nio, Li Auto, Tesla And Other Big Stocks Moving Higher On Tuesday

Shares of US-listed Chinese companies are trading higher after China Central Bank announced a new stimulus package.

<h4>Key Takeaways:</h4>
<ul>
<li>Shares of Kanzhun fell more than 20% in New York after it issued quarterly results that barely met earlier guidance despite strong profit and revenue growth</li>
<li>The company&rsquo;s core business customers are less willing to pay for its recruitment services as job seekers flood the market</li>
</ul>
By Edith Terry
It almost looks like investors don&rsquo;t like good news. At least that&rsquo;s how it appeared when leading employment services provider&nbsp;Kanzhun Ltd.&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bz#NASDAQ">BZ</a>) announced its&nbsp;<a href="https://www.globenewswire.com/news-release/2024/08/28/2936891/0/en/KANZHUN-LIMITED-Announces-Second-Quarter-2024-Financial-Results.html">second-quarter earnings</a>&nbsp;last week that looked like a winner by most standards.
The operator of China&rsquo;s largest digital recruitment platform reported second-quarter revenue of 1.9 billion yuan ($264 million), up 28.8% from a year earlier. Its net income of 417 million yuan was also up by a healthy 34.8%, and average monthly active users, including both employers and job seekers, rose 25.2% to 54.6 million.
Despite those upbeat numbers, Kanzhun&rsquo;s shares promptly tumbled in both Hong Kong the U.S. after the announcement, including a 21% drop in New York. Why the stampede for the exits?
One reason may be that Kanzhun&rsquo;s revenue came in at the low end of its earlier guidance for between 1.91 billion yuan and 1.96 billion yuan. The second-quarter growth rate also represented a slowdown from the 33.4% growth in the first quarter, when the figure reached 1.7 billion yuan.
But coming in at the bottom end of guidance is only part of the reason for investor skepticism. The company has gone through its shares of ups and downs since its U.S. listing in June 2021 and Hong Kong IPO in December 2022. The stock more than doubled shortly after its U.S. listing, but has been on a steady downward track since then. It made its Hong Kong IPO amid fears of a potential U.S. delisting and a forced six-month pause in its new user signups after a tussle with China&rsquo;s cybersecurity watchdog.
It&rsquo;s quite possible that some investors were scared in these latest results by the cautious note sounded by Kanzhun founder Zhao Peng, who also uses the name Jonathan.
&ldquo;During challenging times, confidence is crucial for everyone, no matter co-investors, co-employees, or potential investors, or prospective talent,&rdquo; Zhao said on the company&rsquo;s earnings call. &ldquo;In tough times, confidence is more valuable than growth. Ensuring profitability for the year will help to sustain confidence in the company, which can be achieved through further refinement of our management.&rdquo;
Investors were also likely concerned at Zhao&rsquo;s observation that recruitment demand weakened in the latter half of the second quarter due to the growing number of job seekers in the market. &ldquo;There were relatively fewer enterprise users and more job seekers in the market,&rdquo; he said. &ldquo;Most enterprise users found it easier to hire a project team that it took three months to fill all the positions in the past, and now only takes two months. This reduces the desire of enterprise users to spend money.&rdquo;
Zhao also promised to expand Kanzhun&rsquo;s $200 million share buyback program, announced in March. True to his word, the company announced a new $150 million buyback program the next day, helping the stock regain some of its earlier losses.
<h3>Strong Growth Targets</h3>
Kanzhun is targeting a full-year non-GAAP operating profit of 2.3 billion yuan, which would be up 40% year-on-year and come through greater economies of scale and cost management, CFO Zhang Yu said on the earnings call. The company is also aiming to sign up 40 million to 45 million new users for the year &ndash; a target that looks quite attainable after it signed up 28 million new users in the first half.
Like many companies in China, Kanzhun recorded steep losses during the pandemic in 2021 and 2022, as the recruitment industry cratered and job mobility all but stopped in the services industry and for new graduates. The unemployment rate for the latter rose to 19.9% in the summer of 2022, giving employers the upper hand ever since.
Kanzhun is China&rsquo;s leader in its core business of selling employment services to businesses. In 2022 its BOSS Zhipin platform had 53.7% of the hiring market with employers, and 46.3% with job seekers, according to data platform Statista. As of the end of April 2024, it had served a cumulative 190 million verified users, including 14 million enterprises.
Online recruitment services to enterprise customers accounted for 1.89 billion yuan in the company&rsquo;s second-quarter revenue, or nearly all of its total, while fees from job seekers made up the rest. Its number of paid enterprise users during the 12 months to June 30 increased by 31% year-on-year to 5.9 million.
Zhao said he would focus on new growth drivers to diversify the company&rsquo;s business, including stepping up blue-collar recruitment and overseas business.
The pivot to more blue collar recruitment comes as China faces dire shortages of skilled manufacturing and logistics workers. The Ministry of Human Resources and Social Security estimated that nearly 30 million manufacturing jobs will go unfilled by 2025. And according to one source, the cost of finding and hiring such workers was more than 10,000 yuan per worker.
Despite its attempts to tap into that market, Kanzhun&rsquo;s blue-collar strategy has gotten off to a rocky start. In March 2024, it acquired 77% of WD Technology Investment Group, which Zhao previously described as &ldquo;the leading manufacturing talent delivery program in China.&rdquo; In the first quarter, the number and growth rate of new blue-collar users for Kanzhun exceeded its white-collar segment.
But by the second quarter, Zhao described the situation as more complicated. &ldquo;The complex relationship between factories, workers, platforms and agents has made it challenging for online platforms to serve blue collar&rdquo; employers and job applicants, he said.
Part of the problem has been rogue agents who falsify information, which Kanzhun has addressed by introducing a system of identifying &ldquo;trustworthy&rdquo; agents. Seasonal issues also affect the business, with hiring reaching a height during the Lunar New Year early each year and then falling back after that.
Nonetheless, factory recruitment, followed by logistics, are outperforming all other industries, Zhao said. &ldquo;We believe this is the first real chance for the online recruitment platform to go into the blue-collar manufacturing industry and make some real money,&rdquo; he added.
With its trailing price to earnings (P/E) ratio of 28, Kanzhun is not cheap but is comparable to smaller peer&nbsp;Tongdao Liepin&nbsp;(6100.HK), which trades at 24. Global giants like&nbsp;Adecco&nbsp;(ADIA.F) and&nbsp;Kelly Services&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/kelya#NASDAQ">KELYA</a>) trade lower with P/E ratios of 17 and 16, respectively, showing the Chinese companies are still valued notably higher than their larger global peers. But the premium gap could narrow if Chinese companies rein in their spending on hiring as the nation&rsquo;s economy slows.
This article is from an unpaid external contributor. It does not represent Benzinga&#39;s reporting and has not been edited for content or accuracy.

Asia

Small Cap

General

KELYA

Kanzhun Works Investors Into Selling Frenzy With Talk Of 'Challenging Times'

Barclays analyst Jiong Shao maintains Kanzhun (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BZ#NASDAQ">BZ</a>) with a Overweight and lowers the price target from $27 to $14.

Price Target

Analyst Ratings

Barclays Maintains Overweight on Kanzhun, Lowers Price Target to $14

U.S. stocks were higher, with the Dow Jones index gaining around 400 points on Thursday.
Shares of Build-A-Bear Workshop, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBW#NYSE">BBW</a>) rose sharply during Thursday&#8217;s session following better-than-expected <a href="https://www.benzinga.com/news/earnings/24/08/40624005/build-a-bear-workshops-q2-earnings-beat-sees-strong-improvement-in-q3-ytd-web-demand">second-quarter financial results.</a>
Build-A-Bear reported second-quarter revenue growth of 2.4% Y/Y to $111.8 million, beating the analyst consensus of $108.5 million. EPS of 64 cents (+12.3% Y/Y), beating the Wall Street view of 57 cents.
Build-A-Bear shares jumped 19.7% to $33.37 on Thursday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>Affirm Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AFRM#NASDAQ">AFRM</a>) shares jumped 33.2% to $42.06 following strong fourth-quarter earnings and upbeat first-quarter guidance.</li>
<li>Eos Energy Enterprises, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EOSE#NASDAQ">EOSE</a>) gained 22.2% to $2.6750 after the company announced it achieved first performance milestones related to Carberus Capital Management&#8217;s investment, allowing the company to draw an additional $30 million from the delayed draw term loan.</li>
<li>Nutanix, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTNX#NASDAQ">NTNX</a>) gained 20.9% to $63.22 after the company reported better-than-expected fourth-quarter financial results and issued FY25 revenue guidance above estimates.</li>
<li>Eliem Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ELYM#NASDAQ">ELYM</a>) jumped 20.1% to $7.45.</li>
<li>Iris Energy Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IREN#NASDAQ">IREN</a>) gained 19.6% to $8.89 after the company announced a year-over-year increase in FY24 Bitcoin mining revenue.</li>
<li>Polestar Automotive Holding UK PLC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSNY#NASDAQ">PSNY</a>) rose 15.7% to $1.0950 after the company reported a quarter-over-quarter increase in second-quarter deliveries.</li>
<li>Best Buy Co., Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>) gained 14.5% to $100.49 after the company reported better-than-expected quarterly financial results raised its FY25 earnings guidance.</li>
<li>iRhythm Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IRTC#NASDAQ">IRTC</a>) rose 13.2% to $77.59. iRhythm Technologies expanded global reach with the launch of Zio&#xAE; Cardiac Arrhythmia Monitoring Service in Austria, the Netherlands, Switzerland, and Spain.</li>
<li>Astera Labs, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALAB#NASDAQ">ALAB</a>) gained 12% to $48.75.</li>
<li>The Cooper Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COO#NYSE">COO</a>) rose 11.1% to $105.00 after the company reported better-than-expected third-quarter financial results and issued FY25 guidance above estimates. Also, Baird and Wells Fargo raised their respective price targets on the stock.</li>
<li>Kanzhun Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BZ#NASDAQ">BZ</a>) gained 10.1% to $12.06 after the company announced it authorized an additional repurchase of $150 million of its shares in conjunction with its existing $200 million buyback.</li>
<li>Veeva Systems Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VEEV#NYSE">VEEV</a>) climbed 8.8% to $216.85 after the company reported better-than-expected second-quarter financial results and issued FY25 adjusted EPS guidance above estimates.</li>
<li>GameStop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) rose 8.5% to $21.62. The company issued a notice to terminate its $250 million credit facility.</li>
<li>Stevanato Group S.p.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STVN#NYSE">STVN</a>) gained 8.3% to $21.94.</li>
<li>Li Auto Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>) rose 6.5% to $18.97 after B of A maintained a Buy rating on the stock and raised its price target from $30 to $31.</li>
<li>Canadian Imperial Bank of Commerce (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CM#NYSE">CM</a>) gained 6% to $57.81 after the company reported better-than-expected quarterly financial results.</li>
<li>West Pharmaceutical Services, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WST#NYSE">WST</a>) rose 6% to $315.43.</li>
<li>Nokia Oyj (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOK#NYSE">NOK</a>) gained 5.8% to $4.4350 following a report suggesting that Samsung has an interest in the company&#8217;s mobile networks assets.</li>
<li>NIO Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) gained 5.7% to $3.9127.</li>
<li>Arm Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>) gained 5.6% to $132.39.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/24/08/40624754/top-2-materials-stocks-that-are-ticking-portfolio-bombs">Top 2 Materials Stocks That Are Ticking Portfolio Bombs</a></li>
</ul>

AFRM

ALAB

ELYM

EOSE

IREN

IRTC

NTNX

PSNY

STVN

VEEV

Build-A-Bear Workshop Posts Upbeat Earnings, Joins Affirm, Nutanix, Cooper Companies, Veeva Systems And Other Big Stocks Moving Higher On Thursday

Kanzhun Ltd Sponsored (BZ) has released an update. Kanzhun Limited, a company listed on Nasdaq and the Hong Kong Stock Exchange, has announced the ...

Kanzhun Limited Executes Post-IPO Share Scheme Purchase

Kanzhun: Long-Term Growth Remains Intact

Kanzhun Ltd Sponsored (BZ) has released an update. Kanzhun Limited has reported no changes in its authorized share capital, maintaining a balance o...

Kanzhun Ltd Maintains Share Capital Stability

Kanzhun Ltd Sponsored (BZ) has released an update. Kanzhun Limited has announced the open market purchase of 822,146 Class A Ordinary Shares, repre...

Kanzhun Limited Executes Post-IPO Share Purchase

Warning: BZ is at high risk of performing badly

David Tepper is uber bullish on China: It's a 'buy everything moment'

Kanzhun Ltd Sponsored (BZ) has released an update. Kanzhun Limited has reported no change in its authorized/registered share capital for September ...

Kanzhun Limited Maintains Stable Share Capital

Artisan Developing World Fund Q3 2024 Commentary

Kanzhun Ltd Sponsored (BZ) has released an update. Kanzhun Limited, a Cayman Islands-based company with weighted voting rights, has announced chang...

Kanzhun Limited Announces Share Structure Changes

Baron India Fund Q3 2024 Shareholder Letter

AACAF

AACAY

ABNB

ADYEY

ADYYF

ASML

ASMLF

BYDDF

BYDDY

CDNS

CRWD

HXSCF

MCHI

MELI

MMYT

MPNGF

MPNGY

NVDA

SIEGY

SMAWF

SNOW

SSNLF

XIACY

Management

Press Releases

KANZHUN LIMITED Announces Board Changes

KANZHUN LIMITED to Hold Annual General Meeting on June 28, 2024

KANZHUN LIMITED repurchased RMB74 million ordinary shares under its repurchase plan

Kanzhun Limited (Nasdaq: BZ) Rings The Nasdaq Stock Market Opening Bell

KANZHUN LIMITED Announces Results of Annual General Meeting

KANZHUN LIMITED Repurchased Ordinary Shares Continuously Over the Past Week, Total of USD44 Million of Shares Bought Back Under Current Repurchase Program

KANZHUN LIMITED to Report Second Quarter 2024 Results on August 28, 2024

Earnings

KANZHUN LIMITED Announces Second Quarter 2024 Financial Results

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