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U.S. stocks were mostly flat, with the Dow Jones index falling around 0.1% on Thursday.

Shares of Penguin Solutions Inc (NASDAQ:PENG) rose sharply during Thursday's session after the company reported better-than-expected second-quarter financial results and raised its FY26 guidance.

Net sales were $343 million, down 6% year over year but above the $337.938 million estimate. Adjusted EPS was 52 cents, beating the 42-cent estimate, while GAAP diluted EPS rose to 58 cents from 9 cents.

Also, Needham maintained its Buy rating on the stock and raised its price target from $25 to $27.

Penguin Solutions shares jumped 14.7% to $20.94 on Thursday.

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

• Braiin Ltd (NASDAQ:BRAI) gained 11.6% to $23.00. Braiin and Home announced exclusive strategic partnership to pioneer “LiveTech” and build AI-native living infrastructure platform.
• Highpeak Energy Inc (NASDAQ:HPK) gained 7.1% to $6.75.
• Globalstar, Inc. (NASDAQ:GSAT) rose 7% to $73.22 following reports suggesting that Amazon is in discussions to acquire the company.
• Purecycle Technologies Inc (NASDAQ:PCT) gained 4.8% to $5.36.
• Kosmos Energy Ltd (NYSE:KOS) gained 4.8% to $2.82. Shares of oil & gas-related companies traded higher after President Trump’s commitment to continuing strikes on Iran amid ongoing concern over transport security through the Strait of Hormuz.
• W&T Offshore, Inc. (NYSE:WTI) gained 4.2% to $3.14. Shares of oil & gas-related companies traded higher after President Trump’s commitment to continuing strikes on Iran amid ongoing concern over transport security through the Strait of Hormuz.
• Par Pacific Holdings Inc (NYSE:PARR) rose 4.1% to $64.20.
• SandRidge Energy Inc (NYSE:SD) gained 2.6% to $15.54.

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