Benzinga - by Avi Kapoor, Benzinga Staff Writer.
U.S. stocks were lower, with the Dow Jones falling around 250 points on Monday.
Shares of Micron Technology, Inc. (NASDAQ: MU) rose sharply during Monday’s session after B of A Securities maintained a Buy rating on the stock and raised its price target from $120 to $144.
Micron Technology shares climbed 6.6% to $125.69 on Monday.
Here are some other big stocks recording gains in today’s session.
- Doma Holdings Inc. (NYSE: DOMA) shares rose 34% to $6.08 after the company entered a merger transaction with TRG to go private at $6.29 per share in cash.
- Mesoblast Limited (NASDAQ: MESO) gained 22.4% to $6.13 after the FDA earlier in the week informed the company that the available clinical data from its Phase 3 study MSB-GVHD001 appears sufficient to support submission of the proposed Biologics License Application for remestemcel-L.
- SolarMax Technology, Inc. (NASDAQ: SMXT) rose 22.1% to $11.18.
- Ouster, Inc. (NYSE: OUST) shares jumped 19.8% to $9.51.
- Jiuzi Holdings, Inc. (NASDAQ: JZXN) gained 17.2% to $4.09.
- Ballard Power Systems Inc. (NASDAQ: BLDP) gained 16.4% to $3.2350 after the company announced the signing of a Long Term Supply Agreement with Solaris for the supply of 1,000 hydrogen fuel cell engines for the European transit bus market.
- Iris Energy Limited (NASDAQ: IREN) climbed 16% to $6.26. Cantor Fitzgerald analyst Josh Siegler reiterated Iris Energy with an Overweight and maintained a $10 price target.
- Allego N.V. (NASDAQ: ALLG) gained 15.2% to $1.67.
- GigaCloud Technology Inc. (NASDAQ: GCT) rose 13.3% to $30.26.
- ZimVie Inc. (NASDAQ: ZIMV) gained 12.6% to $18.56. ZimVie announced closing of sale of spine business to an affiliate of H.I.G. Capital for $375 million in total consideration.
- DouYu International Holdings Limited (NASDAQ: DOYU) gained 12% to $7.38.
- COMPASS Pathways plc (NASDAQ: CMPS) gained 10.6% to $9.20. Morgan Stanley analyst Vikram Purohit initiated coverage on Compass Pathways with an Overweight rating and announced a price target of $30.
- Coeur Mining, Inc. (NYSE: CDE) rose 9.6% to $4.1350 amid strength in precious metals stocks as gold rises on rate cut hopes.
- Trip.com Group Limited (NASDAQ: TCOM) climbed 7.6% to $47.24. Citigroup analyst Brian Gong maintained Trip.com Group with a Buy and raised the price target from $53 to $55.
- NexGen Energy Ltd. (NYSE: NXE) gained 7% to $8.31.
- Western Digital Corporation (NASDAQ: WDC) rose 5.7% to $72.13.
- The Chemours Company (NYSE: CC) gained 6.4% to $27.94. Chemours recently said it identified four material weaknesses amid its internal control over financial reporting.
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