Benzinga - by Avi Kapoor, Benzinga Staff Writer.
U.S. stocks were mostly higher, with the Nasdaq Composite gaining around 0.1% on Monday.
Shares of Model N, Inc. (NYSE: MODN) rose sharply during Monday’s session after the company announced it will be acquired by Vista Equity Partners for $1.25 billion.
Model N shares jumped 10.7% to $30.00 on Monday.
Here are some other big stocks recording losses in today’s session.
- Destiny Tech100 Inc. (NASDAQ: DXYZ) shares climbed 33.8% to $79.30 after jumping around 77% on Friday.
- Adlai Nortye Ltd. (NASDAQ: ANL) shares surged 27.9% to $10.68.
- Apartment Income REIT Corp. (NYSE: AIRC) shares jumped 22.6% to $38.47. Blackstone Real Estate will take AIR Communities private for approximately $10 billion.
- Ducommun Incorporated (NYSE: DCO) shares gained 17.5% to $57.11 after the company confirmed that its Board of Directors received an unsolicited non-binding indication of interest from Albion River LLC.
- Mesoblast Limited (NASDAQ: MESO) surged 13.8% to $6.60.
- Perpetua Resources Corp. (NASDAQ: PPTA) gained 13.5% to $5.40 after the company announced it received indication for up to $1.8 billion in financing from the Export-Import Bank of the United States for the Stibnite Gold Project.
- AltC Acquisition Corp. (NASDAQ: ALCC) surged 13.1% to $14.82. Oklo signed a LOI to supply 50 megawatts of power to Diamondback Energy.
- MicroStrategy Incorporated (NASDAQ: MSTR) rose 10.9% to $1,595.72 amid a rise in Bitcoin.
- A-Mark Precious Metals, Inc. (NASDAQ: AMRK) climbed 10.3% to $36.10.
- Coinbase Global, Inc. (NASDAQ: COIN) gained 8.1% to $260.41 amid a rise in the price of Bitcoin.
- Formula Systems (1985) Ltd. (NASDAQ: FORTY) rose 7.8% to $83.00.
- Semtech Corporation (NASDAQ: SMTC) shares gained 7.8% to $35.08.
- MP Materials Corp. (NYSE: MP) surged 7.7% to $15.74.
- EHang Holdings Limited (NASDAQ: EH) gained 7.6% to $20.81 after the company attained the Production Certificate (PC) for its EH216-S passenger-carrying pilotless electric vertical takeoff and landing (eVTOL) aircraft from the Civil Aviation Administration of China (CAAC).
- Sasol Limited (NYSE: SSL) gained 6.8% to $8.72.
- Nukkleus Inc. (NASDAQ: NUKK) climbed 6.7% to $0.96.
- Fastly, Inc. (NASDAQ: FSLY) rose 5.9% to $13.27. Piper Sandler analyst James Fish upgraded Fastly from Neutral to Overweight and lowered the price target from $19 to $16.
- Li Auto Inc. (NASDAQ: LI) gained 4.5% to $31.17.
- Victoria's Secret & Co. (NYSE: VSCO) shares gained 4.4% to $19.29.
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