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U.S. stocks were higher, with the Nasdaq Composite gaining more than 100 points on Monday.
Shares of Tesla, Inc. (NASDAQ:TSLA) rose sharply during Monday's session after CEO Elon Musk purchased massive number of shares, according to a recent regulatory filing.
Musk, through the Elon Musk Revocable Trust, bought 2.57 million shares of Tesla on Friday, September 12. The shares were acquired at prices ranging from approximately $371 to $396 per share, as per a Form 4 filing with the Securities and Exchange Commission (SEC) released on Monday. This brings his indirect ownership to approximately 413 million shares.
Tesla shares jumped 6.6% to $421.95 on Monday.
Here are some other big stocks recording gains in today’s session.
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