U.S. stocks were mixed, with the Nasdaq Composite trading almost flat on Monday.
On Monday, CymaBay Therapeutics, Inc. CBAY saw a sharp rise in pre-market trading as Gilead Sciences announced its acquisition of CymaBay Therapeutics for $4.3 billion.
CymaBay’s shares surged to $31.99, marking a 24.5% increase.
Several other stocks also recorded significant gains in today’s session.
- ContextLogic Inc. WISH climbed 40.2% to $6.31 following an agreement to sell its assets to Qoo10 for approximately $173 million.
- Iris Energy Limited IREN gained 18% to $7.01.
- Viavi Solutions Inc. VIAV rose 14.1% to $10.16 after an analyst upgrade.
- The E.W. Scripps Company SSP surged 14% to $6.69.
- IGM Biosciences, Inc. IGMS gained 13.7% to $16.50 following a recent stock upgrade by RBC Capital.
- Canaan Inc. CAN rose 13.2% to $1.8100.
- Cipher Mining Inc. CIFR rose 13.2% to $3.7942.
- V.F. Corporation VFC climbed 10.8% to $16.95 as Engaged Capital gained support of VF Corp heirs.
- CG Oncology, Inc. CGON gained 10.6% to $46.00.
- Riot Platforms, Inc. RIOT rose 9.8% to $15.98.
- B. Riley Financial, Inc. RILY gained 9.6% to $20.33.
- Bitdeer Technologies Group BTDR gained 9.2% to $8.62.
- Marathon Digital Holdings, Inc. MARA climbed 9% to $26.02.
- Diamondback Energy, Inc. FANG climbed 9% to $165.37 after announcing a merger agreement with Endeavor Energy Resources.
- Rocket Lab USA, Inc. RKLB rose 8.8% to $4.7250 following an analyst upgrade.
- Arm Holdings plc ARM rose 7.8% to $124.19.
- Allogene Therapeutics, Inc. ALLO gained 7.7% to $4.72.
- O-I Glass, Inc. OI gained 7.4% to $16.67 after reporting better-than-expected financial results and guidance.
- Snap Inc. SNAP rose 7% to $11.88 after announcing repurchase transactions.
- Teva Pharmaceutical Industries Limited TEVA gained 6.6% to $12.81 following an upgrade from Piper Sandler.
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