U.S. stocks were higher, with the Dow Jones gaining around 350 points on Wednesday.

Shares of AAR Corp (NYSE:AIR) rose sharply during Wednesday's session as the company reported better-than-expected earnings for the third quarter and raised its FY2026 sales forecast.

AAR reported quarterly earnings of $1.25 per share which beat the analyst consensus estimate of $1.15 per share. The company reported quarterly sales of $845.100 million which beat the analyst consensus estimate of $812.537 million.

AAR shares jumped 10.5% to $119.10 on Wednesday.

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

  • Braze Inc (NASDAQ:BRZE) shares jumped 21.2% to $21.84 after the company reported better-than-expected fourth-quarter sales results and issued FY27 sales guidance above estimates. Also, the company announced a $100 million share buyback.
  • Corcept Therapeutics Inc (NASDAQ:CORT) gained 21.3% to $41.02 after the FDA approved relacorilant in combination with nab-paclitaxel for the treatment of adults with platinum-resistant epithelial ovarian, fallopian tube, or primary peritoneal cancer.
  • Arm Holdings PLC – ADR (NASDAQ:ARM) surged 18.7% to $160.22 after the company announced that it expects its new AGI CPU to generate approximately $15 billion in annual revenue in five years.
  • Summit Therapeutics Inc (NASDAQ:SMMT) gained 13.7% to $17.68.
  • Firefly Aerospace Inc (NASDAQ:FLY) rose 13.6% to $26.96.
  • Intuitive Machines Inc (NASDAQ:LUNR) gained 13.3% to $20.31.
  • Chewy Inc (NYSE:CHWY) gained 12.8% to $26.44 after the company reported better-than-expected fourth-quarter financial results and issued first-quarter adjusted EPS guidance above estimates.
  • Planet Labs PBC (NYSE:PL) rose 11.2% to $35.41. The company announced it has begun recruiting talent for its upcoming satellite manufacturing facility in Berlin, marking a key step in its European expansion, with momentum also supported by its earnings report released Thursday.
  • Globalstar, Inc. (NASDAQ:GSAT) gained 11.1% to $67.86.
  • Iridium Communications Inc (NASDAQ:IRDM) rose 10.3% to $29.60.
  • Arrowhead Pharmaceuticals Inc (NASDAQ:ARWR) surged 9.8% to $61.82.
  • JFrog Ltd (NASDAQ:FROG) gained 9.7% to $46.97 after UBS upgraded the stock from Neutral to Buy.
  • Hewlett Packard Enterprise Co (NYSE:HPE) gained 9.1% to $26.08. On Tuesday, the company introduced sweeping security advancements to enhance AI adoption and strengthen enterprise resilience.
  • Advanced Micro Devices Inc (NASDAQ:AMD) surged 7.7% to $221.10.

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