Benzinga - by Avi Kapoor, Benzinga Staff Writer.
U.S. stocks were higher, with the Nasdaq Composite gaining over 100 points on Monday.
Shares of Matterport, Inc. (NASDAQ:MTTR) rose sharply during Monday's session.
CoStar Group, Inc. (NASDAQ:CSGP) announced plans to acquire Matterport in a cash and stock transaction valued at $5.50 per share reflecting an estimated $1.6 billion value.
Matterport shares climbed 184% to $4.93 on Monday.
Here are some other big stocks recording gains in today's session.
- Graphjet Technology (NASDAQ:GTI) surged 27.6% to $8.61. Graphjet Technology’s Tham Choi Kuen, CFO, announced the decision to resign due to health reasons, effective immediately.
- Adlai Nortye Ltd. (NASDAQ:ANL) gained 12.1% to $13.90.
- MicroStrategy Incorporated (NASDAQ:MSTR) shares climbed 11.2% to $1,305.56 amid a rise in Bitcoin.
- Sea Limited (NYSE:SE) surged 10.4% to $60.79 after B of A Securities upgraded the stock from Neutral to Buy and raised its price target from $62 to $70.
- Ingevity Corporation (NYSE:NGVT) climbed 8.7% to $48.30. Jefferies analyst Daniel Rizzo upgraded Ingevity from Hold to Buy and raised the price target from $52 to $62.
- KB Financial Group Inc. (NYSE:KB) surged 8.2% to $50.01.
- Riot Platforms, Inc. (NASDAQ:RIOT) gained 7.9% to $9.85 amid a rise in Bitcoin.
- Guardant Health, Inc. (NASDAQ:GH) climbed 7.9% to $17.31. The Molecular and Clinical Genetics Panel of the U.S. FDA Medical Devices Advisory Committee is scheduled to review the premarket approval application for the company’s Shield™ blood test for colorectal cancer (CRC) screening on May 23, 2024.
- Lexeo Therapeutics, Inc. (NASDAQ:LXEO) rose 6.7% to $12.86 as the company announced a license agreement to accelerate development of LX2006 for the treatment of friedreich ataxia cardiomyopathy.
- Lexicon Pharmaceuticals, Inc. (NASDAQ:LXRX) gained 6.5% to $1.7550
- Coinbase Global, Inc. (NASDAQ:COIN) shares rose 6.5% to $224.72 amid a rise in Bitcoin.
- Critical Metals Corp. (NASDAQ:CRML) gained 6.2% to $8.60.
- Fresenius Medical Care AG (NYSE:FMS) rose 5.4% to $20.60.
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