New York Community Bancorp, Franchise Group And Other Big Stocks Moving Higher On Monday

Author: Lisa Levin | March 20, 2023 11:05am

U.S. stocks traded mostly higher, with the Dow Jones gaining more than 300 points on Monday. Here are some big stocks recording gains in today’s session.

• Ambipar Emergency Response (NYSE:AMBI) shares jumped 47.8% to $12.14.
• New York Community Bancorp, Inc. (NASDAQ:NYCB) gained 40% to $9.18 after the Federal Deposit Insurance Corporation (FDIC) announced NYCB subsidiary Flagstar Bank entered into a purchase agreement for Signature Bridge Bank. Multiple analysts upgraded the stock in the wake of the announcement.
• PacWest Bancorp (NASDAQ:PACW) gained 19.9% to $ 11.12 after the company provided an update on its liquidity position.
• Allego N.V. (NYSE:ALLG) jumped 15% to $ 2.81.
• OSI Systems, Inc. (NASDAQ:OSIS) gained 11.8% to $101.89. OSI Systems secured an award valued at ~$600 million, which includes 16% value added tax (VAT), from Mexico's Secretaría de la Defensa Nacional (SEDENA) for cargo and vehicle inspection systems and related services.
• Talos Energy Inc. (NYSE:TALO) gained 11.3% to $13.23 after the company announced a $100 million share repurchase authorization.
• Franchise Group, Inc. (NASDAQ:FRG) jumped 11.1% to $ 25.27. Franchise Group revealed the receipt of an unsolicited non-binding proposal to acquire all of its outstanding shares at $30.00 per share in cash.
• Value Line, Inc. (NASDAQ:VALU) gained 10% to $51.04. Value Line recently reported Q3 earnings.
• UMB Financial Corporation (NASDAQ:UMBF) rose 8.8% to $ 63.40.
• BankUnited, Inc. (NYSE:BKU) gained 8.5% to $23.09.
• NIO Inc. (NYSE:NIO) surged 8.4% to $8.95.
• iStar Inc. (NYSE:STAR) climbed 8.3% to $7.30.
• FLEETCOR Technologies, Inc. (NYSE:FLT) gained 8.2% to $202.48 after the company announced it entered into a cooperation agreement with the D.E. Shaw Group and also agreed to form an ad hoc Strategic Review Committee.
• Arbor Realty Trust, Inc. (NYSE:ABR) gained 8% to $12.08.
• Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) rose 6.9% to $13.52.

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Posted In: ABR ALLG AMBI BKU FLT FRG NIO NYCB OSIS PACW SBGI STAR TALO UMBF VALU