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Micron, Iris Energy, Trip.com Group And Other Big Stocks Moving Higher On Monday

Author: Avi Kapoor | April 01, 2024 01:02pm

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.

 

Now Read This: Insiders Buying Outlook Therapeutics And 2 Other Stocks

Posted In: ALLG BLDP CC CDE CMPS DOMA DOYU GCT IREN JZXN MESO MU NXE OUST SMXT TCOM WDC ZIMV


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