Benzinga - by Avi Kapoor, Benzinga Staff Writer.
U.S. stocks traded higher, with the Dow Jones index gaining around 200 points on Monday.
Shares of NuStar Energy L.P. (NYSE: NS) rose sharply during Monday’s session after Sunoco announced it will acquire the company in an all-equity transaction valued at roughly $7.3 billion.
NuStar Energy shares jumped 14.2% to $20.59 on Monday.
Here are some other big stocks recording gains in today’s session.
- Sagimet Biosciences Inc. (NASDAQ: SGMT) shares surged 135% to $15.99 after the company announced denifanstat in the Phase 2b FASCINATE-2 clinical trial achieved statistically significant results on the primary and multiple secondary endpoints.
- Rumble Inc. (NASDAQ: RUM) gained 25.6% to $4.51 after the company announced a partnership with Barstool Sports.
- Digital World Acquisition Corp. (NASDAQ: DWAC) jumped 24% to $32.70 after Ron DeSantis ended his presidential campaign. Digital World Acquisition Corp is the business combination partner of Trump Media & Technology Group.
- Upstart Holdings, Inc. (NASDAQ: UPST) climbed 13.3% to $37.06.
- ChargePoint Holdings, Inc. (NYSE: CHPT) gained 13% to $1.96.
- Spirit Airlines, Inc. (NYSE: SAVE) shares rose 12.6% to $7.53 after the company and JetBlue Airways announced Friday that they will appeal a ruling blocking their proposed merger.
- Affirm Holdings, Inc. (NASDAQ: AFRM) gained 11.3% to $46.98.
- Opendoor Technologies Inc. (NASDAQ: OPEN) rose 10.3% to $3.4750.
- Fastly, Inc. (NYSE: FSLY) climbed 10.3% to $20.69 after Citigroup upgraded the stock from Sell to Neutral and raised its price target from $11 to $20.
- Peloton Interactive, Inc. (NASDAQ: PTON) rose 7.8% to $6.01.
- Joby Aviation, Inc. (NYSE: JOBY) surged 6.8% to $6.01.
- Wayfair Inc. (NYSE: W) gained 6.3% to $59.65. Wayfair recently announced a workforce realignment plan, which includes a workforce reduction involving approximately 13% of its global workforce.
- Ginkgo Bioworks Holdings, Inc. (NYSE: DNA) rose 6.2% to $1.2900.
- Palantir Technologies Inc. (NYSE: PLTR) climbed 6.1% to $17.80.
- StoneCo Ltd. (NASDAQ: STNE) gained 5.7% to $18.00. Goldman Sachs analyst Tito Labarta upgraded StoneCo from Neutral to Buy and raised the price target from $12 to $21.
- The Trade Desk, Inc. (NASDAQ: TTD) gained 4.6% to $69.95.
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