Benzinga - U.S. stocks traded lower, with the Dow Jones dropping around 70 points on Monday. Here are some big stocks recording gains in today’s session.
- Imago BioSciences, Inc. (NASDAQ: IMGO) shares jumped 104% to $35.50 after Merck announced it would acquire the company for $36 per share in cash.
- Sotera Health Company (NASDAQ: SHC) rose 40.4% to $8.45. Barclays (LON:BARC), last week, downgraded Sotera Health from Equal-Weight to Underweight and lowered the price target from $7 to $6.
- NWTN Inc. (NASDAQ: NWTN) gained 40.3% to $7.13.
- Meta Materials Inc. (NASDAQ: MMAT) shares jumped 25.9% to $2.09 after dropping around 7% on Friday.
- GrafTech International Ltd. (NYSE: EAF) gained 22.5% to $5.17 after the company said it could resume operations at its Monterrey, Mexico facility.
- Companhia Paranaense de Energia – COPEL (NYSE: ELP) gained 20.7% to $7.93.
- HireRight Holdings Corporation (NYSE: HRT) gained 12.3% to $10.43. HireRight Holdings 10% owner GAP (Bermuda) L.P. acquired a total of 554,988 shares an average price of $9.64.
- PepGen Inc. (NASDAQ: PEPG) surged 11.3% to $17.48.
- Beyond Air, Inc (NASDAQ: XAIR) rose 10.8% to $6.44. Beyond Air recently posted a Q2 loss of $0.40 per share.
- Belite Bio, Inc (NASDAQ: BLTE) jumped 10.7% to $29.89. Belite Bio recently finalized Phase 3 clinical trial plans for advanced dry AMD treatment with Tinlarebant (LBS-008).
- Humacyte, Inc. (NASDAQ: HUMA) gained 8.5% to $3.18. The company recently posted downbeat quarterly results.
- Generation Bio Co. (NASDAQ: GBIO) surged 7.5% to $5.59. Canaccord Genuity initiated coverage on Generation Bio with a Buy rating and announced a price target of $9.
- The Walt Disney Company (NYSE: NYSE:DIS) rose 7% to $98.22. Disney said Robert A. Iger is returning to lead the company as Chief Executive Officer, effective immediately.