Penguin Solutions, Beazer Homes, Alibaba And Other Big Stocks Moving Higher On Wednesday - Alibaba Gr Hld

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.