Benzinga - by Avi Kapoor, Benzinga Staff Writer.
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.
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