Progress Software Posts Upbeat Q2 Earnings, Joins PowerFleet, Meta Platforms And Other Big Stocks Moving Higher On Wednesday

U.S. stocks were lower, with the Nasdaq Composite falling around 200 points on Wednesday.

Shares of Progress Software Corp (NASDAQ: PRGS ) rose sharply after the company posted better-than-expected second-quarter results.

Progress Software reported quarterly earnings of $1.62 per share which beat the analyst consensus estimate of $1.49 per share.

The company reported quarterly sales of $253.465 million which beat the analyst consensus estimate of $242.741 million.

Progress Software shares jumped 11.7% to $37.52 on Wednesday.

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

Sable Offshore Corp (NYSE: SOC ) shares jumped 32.1% to $4.07.

The company priced its concurrent public offerings of 32,467,533 shares at $3.08 per share and $300.0 million aggregate principal amount of 6.5% convertible senior notes due 2031.

Uxin Ltd (NASDAQ: UXIN ) surged 14.8% to $1.78.

Uxin announced adoption of Rule 10b5-1 purchase plan by entity controlled by Chairman and CEO.

PowerFleet Inc (NASDAQ: AIOT ) gained 13.2% to $4.34 as the company announced a new $30 million stock repurchase program.

Grindr Inc (NYSE: GRND ) surged 11.7% to $16.05 after Morgan Stanley upgraded the stock from Equal-Weight to Overweight and raised its price target from $15 to $18.

Forward Industries Inc (NASDAQ: FWDI ) jumped 10.9% to $4.68 as the company expanded Solana Treasury by over 500k SOL in fiscal Q3 2026.

Dlocal Ltd. (NASDAQ: DLO ) gained 10.7% to $14.39.

UBS analyst Kaio Prato upgraded DLocal from Neutral to Buy and raised the price target from $16 to $20.

Air Global PLC (NASDAQ: AIIR ) rose 10.3% to $7.39.

Talos Energy Inc (NYSE: TALO ) gained 8.4% to $14.00 after the company announced the execution of a definitive agreement to jointly acquire certain deepwater assets in the Gulf of Mexico from Shell Offshore.

The company commenced an $800 million offering.

General Mills Inc (NYSE: GIS ) rose 7.4% to $37.40 after the company reported better-than-expected quarterly financial results.

Kyndryl Holdings Inc (NYSE: KD ) gained 6.7% to $12.07.

Kyndryl partnered with Microsoft to expand sovereignty solutioning.

Meta Platforms Inc (NASDAQ: META ) gained 6.3% to $599.01 following a report indicating the company is building a cloud business to sell excess AI compute.

Churchill Capital Corp XI (NASDAQ: CCXI ) gained 5.2% to $18.36 as traders continue to weigh the latest SEC filing details tied to its definitive merger agreement with Agility Robotics.

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