Benzinga - by Avi Kapoor, Benzinga Staff Writer.
U.S. stocks were higher, with the Nasdaq Composite jumping over 50 points on Monday.
Shares of Tesla, Inc. (NASDAQ:TSLA) rose sharply during Monday's session on reports the company will partner with Baidu for mapping and navigation for Full Self-Driving in China.
Tesla shares jumped 10.5% to $185.94 on Monday.
Here are some other big stocks recording gains in today's session.
- Deciphera Pharmaceuticals, Inc. (NASDAQ:DCPH) shares surged 73% to $25.36 after the company announced it will be acquired by ONO Pharmaceutical for $25.60 per share in cash.
- ImmunityBio, Inc. (NASDAQ:IBRX) shares rose 36.3% to $10.02. ImmunityBio shares jumped around 44% on Friday after the company announced overall survival results in its QUILT 3.055 study.
- Koninklijke Philips N.V. (NYSE:PHG) shares gained 35.5% to $28.56 after the company announced $1.1 billion settlement for Respironics personal injury and medical monitoring litigation. The company also reported better than expected first-quarter earnings and reaffirmed guidance.
- Soleno Therapeutics, Inc. (NASDAQ:SLNO) shares jumped 31.1% to $49.66 after the company announced it received Breakthrough Therapy Designation from the FDA for DCCR extended-release tablets in Prader-Willi Syndrome.
- Mesoblast Limited (NASDAQ:MESO) gained 20.7% to $7.53.
- MMTec, Inc. (NASDAQ:MTC) jumped 20% to $3.38.
- Ginkgo Bioworks Holdings, Inc. (NYSE:DNA) climbed 19% to $1.0250.
- Phibro Animal Health Corporation (NASDAQ:PAHC) rose 17.7% to $14.98. Zoetis announced plans to sell its medicated feed additive portfolio to Phibro Animal Health for $350 million.
- Heartland Financial USA, Inc. (NASDAQ:HTLF) rose 17.2% to $41.86 after UMB Financial announced it will acquire the company.
- Dave Inc. (NASDAQ:DAVE) gained 14.6% to $50.08.
- Arcadium Lithium plc (NASDAQ:ALTM) rose 14.5% to $4.45.
- MultiPlan Corporation (NYSE:MPLN) jumped 14% to $0.6566. MultiPlan said it will release its first quarter 2024 financial results on Wednesday, May 8.
- Exscientia plc (NASDAQ:EXAI) rose 12.7% to $4.5399.
- Prime Medicine, Inc. (NASDAQ:PRME) gained 11.2% to $4.9182 on FDA clearance of its IND application for PM359.
- Cullinan Therapeutics, Inc. (NASDAQ:CGEM) climbed 10.7% to $28.02. Cullinan Therapeutics announced appointment of Mary Kay Fenton as Chief Financial Officer.
- Fulton Financial Corporation (NASDAQ:FULT) gained 9.3% to $17.07. Republic First Bancorp has been seized by U.S. regulators and sold to Fulton Bank, a unit of Fulton Financial Corp.
- Tellurian Inc. (NYSE:TELL) gained 7.7% to $0.5031.
- Medifast, Inc. (NYSE:MED) rose 7% to $36.07.
- Pacific Biosciences of California, Inc. (NASDAQ:PACB) rose 6.2% to $1.56.
- Albemarle Corporation (NYSE:ALB) gained 6% to $123.86, possibly on reports indicating Saudi Arabia is looking to obtain lithium from abroad for its EV efforts.
- Tandem Diabetes Care, Inc. (NASDAQ:TNDM) rose 5.7% to $37.21 after Wells Fargo upgraded the stock from Equal-Weight to Overweight and raised its price target from $21 to $45.
- Paramount Global (NASDAQ:PARA) rose 4.8% to $12.48 on reports of the Redstone family and David Ellison making concessions to investors, with Ellison reportedly proposing to purchase a block of shares at a premium.
- GrafTech International Ltd. (NASDAQ:EAF) gained 4.4% to $1.65.
- Roku, Inc. (NASDAQ:ROKU) rose 4.1% to $58.65. Seaport Global analyst David Joyce upgraded Roku from Neutral to Buy and announced a $74 price target.
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