Tesla, Zillow, Albireo Pharma And Some Other Big Stocks Moving Higher On Monday

Author: Lisa Levin | January 09, 2023 11:36am

U.S. stocks traded higher, with the Dow Jones gaining more than 150 points on Monday. Here are some big stocks recording losses in today’s session.

• CinCor Pharma, Inc. (NASDAQ:CINC) shares surged 137% to $27.93 after AstraZeneca announced it will acquire the company for $26 per share in cash.
• Amryt Pharma plc (NASDAQ:AMYT) jumped 106.7% to $14.49 after Chiesi Farmaceutici announced it will acquire the company for $14.50 per ADS plus contingent value rights of up to an additional $2.50 per ADS.
• Albireo Pharma, Inc. (NASDAQ:ALBO) shares gained 92.9% to $44.03 after Ipsen announced it will acquire the company for $42 per share plus a contingent value right of $10 per share.
• Duck Creek Technologies, Inc. (NASDAQ:DCT) rose 47% to $19.10 after the company agreed to be acquired by Vista Equity Partners for $2.6 billion.
• Revance Therapeutics, Inc. (NASDAQ:RVNC) climbed 43% to $28.25 as the company reported the FDA acceptance Of supplemental Biologics License Application for DAXXIFY for injection for the treatment of cervical dystonia.
• CureVac N.V. (NASDAQ:CVAC) shares gained 30.4% to $10.77. CureVac shares jumped over 29% on Friday after the company announced data on joint COVID-19 and flu mRNA vaccine development programs.
• Paya Holdings Inc. (NASDAQ:PAYA) jumped 24.5% to $9.70 after Nuvei entered into a definitive agreement to acquire the company for $9.75 per share in cash.
• LexinFintech Holdings Ltd. (NASDAQ:LX) gained 24.5% to $2.9892.
• NanoString Technologies, Inc. (NASDAQ:NSTG) surged 23.1% to $9.77. NanoString issued preliminary financial and operational highlights for Q4 and FY 2022.
• Scilex Holding Company (NASDAQ:SCLX) gained 21.7% to $6.12.
• Exact Sciences Corporation (NASDAQ:EXAS) rose 20.5% to $56.85 after the company announced preliminary Q4 results.
• Guardion Health Sciences, Inc. (NASDAQ:GHSI) climbed 19.4% to $7.10.
• Lufax Holding Ltd (NYSE:LU) surged 17.5% to $2.5400.
• Marathon Digital Holdings, Inc. (NASDAQ:MARA) jumped 15.5% to $4.7250. Jefferies downgraded Marathon Digital from Buy to Hold and announced a $4 price target.
• SomaLogic, Inc. (NASDAQ:SLGC) jumped 15.1% to $3.0050. SomaLogic expects preliminary FT22 revenue at high end of $93 million to $98 million guidance range.
• TAL Education Group (NYSE:TAL) rose 12.6% to $9.62.
• Life Time Group Holdings, Inc. (NYSE:LTH) gained 12.6% to $14.42 after the company reported preliminary Q4 and FY22 financial results and issued FY23 guidance.
• 2U, Inc. (NASDAQ:TWOU) gained 12.4% to $7.24. 2U announced debt refinancing transactions.
• Coinbase Global, Inc. (NASDAQ:COIN) rose 12.5% to $37.42. Jefferies initiated coverage on Coinbase Global with a Hold rating and announced a price target of $35.
• Heska Corporation (NASDAQ:HSKA) gained 12.4% to $69.90.
• Studio City International Holdings Limited (NYSE:MSC) gained 12.3% to $8.47.
• Riot Blockchain, Inc. (NASDAQ:RIOT) climbed 12% to $4.78. Wells Fargo maintained Riot Platforms with an Equal-Weight and lowered the price target from $6 to $5.
• agilon health, inc. (NYSE:AGL) jumped 12.2% to $17.26. agilon health reaffirmed FY22 adjusted EBITDA guidance of $2 million to $7 million.
• Zillow Group, Inc. (NASDAQ:Z) gained 8.7% to $39.01 after B of A Securities upgraded the stock from Underperform to Buy and raised its price target from $22 to $42.
• Tesla, Inc. (NASDAQ:TSLA) jumped 8.3% to $122.44 amid vehicle price cuts in China and indications that wait times for some Chinese Model Y vehicles have increased.
• Snowflake Inc. (NYSE:SNOW) rose 8% to $133.93. Piper Sandler maintained Snowflake with an Overweight and lowered the price target from $200 to $194.

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Posted In: AGL ALBO AMYT CINC COIN CVAC DCT EXAS GHSI HSKA LTH LU LX MARA MSC NSTG PAYA RIOT RVNC SCLX