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CymaBay Therapeutics, ContextLogic, Snap And Other Big Stocks Moving Higher On Monday

Author: Avi Kapoor | February 12, 2024 11:22am

U.S. stocks were mixed, with the Nasdaq Composite trading almost flat on Monday.

Shares of CymaBay Therapeutics, Inc. (NASDAQ:CBAY) rose sharply in today’s pre-market trading.

Gilead Sciences agreed to acquire CymaBay Therapeutics for $32.50 per share in cash or a total equity value of $4.3 billion.

CymaBay Therapeutics shares jumped 24.5% to $31.99 on Monday.

Here are some other big stocks recording gains in today’s session.

  • ContextLogic Inc. (NASDAQ:WISH) climbed 40.2% to $6.31 after the company announced an agreement to sell substantially all of its operating assets and liabilities to Qoo10 for approximately $173 million in cash.
  • Iris Energy Limited (NASDAQ:IREN) gained 18% to $7.01.
  • Viavi Solutions Inc. (NASDAQ:VIAV) rose 14.1% to $10.16. Stifel analyst Ruben Roy upgraded Viavi Solutions from Hold to Buy and raised the price target from $10 to $13.
  • The E.W. Scripps Company (NASDAQ:SSP) surged 14% to $6.69.
  • IGM Biosciences, Inc. (NASDAQ:IGMS) gained 13.7% to $16.50. RBC Capital recently upgraded the stock from Sector Perform to Outperform and raised its price target from $9 to $21.
  • Canaan Inc. (NASDAQ:CAN) rose 13.2% to $1.8100.
  • Cipher Mining Inc. (NASDAQ:CIFR) rose 13.2% to $3.7942.
  • V.F. Corporation (NYSE:VFC) climbed 10.8% to $16.95. Reuters reported Engaged Capital gained support of VF Corp heirs in push for changes.
  • CG Oncology, Inc. (NASDAQ:CGON) gained 10.6% to $46.00.
  • Riot Platforms, Inc. (NASDAQ:RIOT) rose 9.8% to $15.98.
  • B. Riley Financial, Inc. (NASDAQ:RILY) gained 9.6% to $20.33.
  • Bitdeer Technologies Group (NASDAQ:BTDR) gained 9.2% to $8.62.
  • Marathon Digital Holdings, Inc. (NASDAQ:MARA) climbed 9% to $26.02.
  • Diamondback Energy, Inc. (NASDAQ:FANG) climbed 9% to $165.37 after company announced it entered into definitive merger agreement with Endeavor Energy Resources valued at $26 million. Also, the company increased its base dividend.
  • Rocket Lab USA, Inc. (NASDAQ:RKLB) rose 8.8% to $4.7250. Citigroup analyst Jason Gursky reinstated Rocket Lab USA with a Buy and announced a $6 price target.
  • Arm Holdings plc (NASDAQ:ARM) rose 7.8% to $124.19.
  • Allogene Therapeutics, Inc. (NASDAQ:ALLO) gained 7.7% to $4.72.
  • O-I Glass, Inc. (NYSE:OI) gained 7.4% to $16.67. The company recently reported better-than-expected Q4 financial results and issued guidance.
  • Snap Inc. (NYSE:SNAP) rose 7% to $11.88 after the company announced that it entered into various privately negotiated repurchase transactions.
  • Teva Pharmaceutical Industries Limited (NYSE:TEVA) gained 6.6% to $12.81 after Piper Sandler upgraded the stock from Neutral to Overweight and raised its price target from $12 to $19.

 

Now Read This: Jim Cramer Says This Construction Giant Is 'So Good' And 'Goes Higher'

Posted In: ALLO ARM BTDR CAN CBAY CGON CIFR FANG IGMS IREN MARA OI RILY RIOT RKLB SNAP SSP TEVA VFC VIAV


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