Benzinga - by Lisa Levin, Benzinga Editor.
U.S. stocks traded higher, with the Dow Jones gaining more than 350 points on Monday. Here are some stocks recording big gains in today’s session.
PCTEL, Inc. (NASDAQ: PCTI) gained 47.3% to $6.86. On Friday, Amphenol Corporation (NYSE: APH) inked a deal to acquire PCTEL for around $139.7 million.
Almacenes Éxito S.A. (NYSE: EXTO) shares climbed 32.6% to $6.66.
E2open Parent Holdings, Inc. (NYSE: ETWO) rose 22% to $3. Elliott Investment Management L.P. reported a 9% stake in E2open Parent Holdings as of Oct. 13.
Prothena Corporation plc (NASDAQ: PRTA) climbed 19.7% to $52.78.
Alignment Healthcare, Inc. (NASDAQ: ALHC) rose 17.8% to $7.80 after Raymond James upgraded the stock from Outperform to Strong Buy and raised its price target from $9 to $10.
Consolidated Communications Holdings, Inc. (NASDAQ: CNSL) gained 17.5% to $4.1493 after the company announced an agreement to be acquired by Searchlight Capital Partners and British Columbia Investment Management.
indie Semiconductor, Inc. (NASDAQ: INDI) jumped 15% to $5.60. indie Semiconductor expects third-quarter revenue to be above $60 million, slightly higher than the company's guidance and consensus estimates.
MoonLake Immunotherapeutics (NASDAQ: MLTX) rose 11.5% to $60.98 after the company announced 24-week top-line results from its global Phase 2 MIRA trial for maintenance treatment with its Nanobody sonelokimab.
ATRenew Inc. (NYSE: RERE) gained 11.3% to $1.78.
Revolution Medicines, Inc. (NASDAQ: RVMD) climbed 11.3% to $33.30 after the company on Friday announced preliminary clinical data for RMC-6236 and RMC-6291.
SunOpta Inc. (NASDAQ: STKL) rose 11.2% to $3.9450.
Overstock.com, Inc. (NASDAQ: OSTK) surged 10.5% to $16.61. Overstock.com 13D filing showed JAT Capital Mgmt LP reported a 9.1% stake in the company as of Oct. 12.
Lululemon Athletica Inc. (NASDAQ: LULU) climbed 9.8% to $414.67 after it was announced the stock will join the S&P 500.
Puyi Inc. (NASDAQ: PUYI) jumped 8.8% to $5.68.
Snap Inc. (NYSE: SNAP) gained 8.4% to $9.40.
Tuya Inc. (NYSE: TUYA) rose 8.3% to $1.6350.
QuinStreet, Inc. (NASDAQ: QNST) climbed 7.8% to $10.08.
Bloom Energy Corporation (NYSE: BE) gained 7.6% to $12.30.
Trinity Industries, Inc. (NYSE: TRN) rose 7.4% to $23.52. Susquehanna upgraded Trinity Industries from Neutral to Positive and raised the price target from $29 to $32.
Varonis Systems Inc (NASDAQ: VRNS) gained 7.3% to $32.80 after Morgan Stanley upgraded the stock from Equal-Weight to Overweight.
Sinclair, Inc. (NASDAQ: SBGI) climbed 7.2% to $10.43.
SMART Global Holdings, Inc. (NASDAQ: SGH) gained 6.6% to $13.97.
Market gains and prices at the time of writing.
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