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Pinduoduo, JinkoSolar And Some Other Big Stocks Moving Higher On Monday

Published 29/08/2022, 16:34
© Reuters.  Pinduoduo, JinkoSolar And Some Other Big Stocks Moving Higher On Monday
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  • Minerva Neurosciences, Inc. (NASDAQ: NERV) jumped 25% to $12.96. Point72 Asset Management recently reported an 8.8% passive stake in the company.
  • Pinduoduo Inc. (NASDAQ: PDD) shares gained 23.5% to $71.11 after the company reported better-than-expected Q2 revenue results.
  • Grindrod Shipping Holdings Ltd. (NASDAQ: GRIN) gained 14.9% to $23.55 after Taylor Maritime delivered a non-binding proposal to acquire the company for $26 per share.
  • TAL Education Group (NYSE: TAL) jumped 9.7% to $6.57.
  • Cameco Corporation (NYSE: CCJ) gained 8% to $28.76. Shares of several uranium companies traded higher as countries look for energy alternatives amid the global energy crisis.
  • MINISO Group Holding Limited (NASDAQ: MNSO) rose 7.8% to $7.26. The company recently posted upbeat quarterly results.
  • Scorpio Tankers Inc. (NYSE: STNG) rose 6% to $43.69. Scorpio Tankers recently announced repurchases of 1.293 million shares at $38.65 following Eneti sale.
  • Kosmos Energy Ltd. (NYSE: KOS) gained 5.5% to $7.63. Shares of energy companies traded higher amid an increase in oil prices as Saudi Arabia raised the possibility that OPEC+ could make output cuts to support prices. Also, conflict in Libya is impacting oil prices, as well.
  • JinkoSolar Holding Co., Ltd. (NYSE: JKS) gained 5.5% to $63.06. Goldman Sachs (NYSE:GS) maintained JinkoSolar with a Sell and raised the price target from $31 to $35. The company, on Friday, reported second-quarter FY22 revenue growth of 137.6% year-on-year to $2.81 billion, beating the consensus of $2.28 billion.
  • iQIYI, Inc. (NASDAQ: IQ) gained 4.4% to $4.1150. iQIYI recently introduces China's first extended reality virtual production series.
  • © 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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