Benzinga - by Lisa Levin, Benzinga Editor.
U.S. stocks traded lower, with the Dow Jones index falling more than 100 points on Monday.
Shares of Science Applications International Corporation (NYSE: SAIC) surged during Monday’s session after the company reported third-quarter financial results and raised FY24 guidance above estimates.
SAIC reported a 1% revenue decline Y/Y in Q3 FY24 to $1.895 billion, beating the consensus of $1.790 billion. Adjusted EPS of $2.27 beat the consensus of $1.69.
SAIC raised revenue guidance to $7.325 billion - $7.350 billion (prior $7.20 billion - $7.25 billion). The company increased adjusted EPS guidance to $7.70 - $7.90 (prior $7.20 - $7.40).
Science Applications International shares rose 6.9% to $128.20 on Monday.
Here are some other big stocks recording gains in today’s session.
- Hawaiian Holdings, Inc. (NASDAQ: HA) shares jumped 187% to $14.03 after Alaska Air Group, Inc. (NYSE: ALK) announced plans to acquire the company in a deal worth $1.9 billion.
- XBP Europe Holdings, Inc. (NASDAQ: XBP) rose 39.5% to $33.28.
- Beyond Meat, Inc. (NASDAQ: BYND) shares gained 23.6% to $9.36.
- B. Riley Financial, Inc. (NASDAQ: RILY) jumped 19.4% to $24.09. Bryant R. Riley reported sale of most of its stake in Arena Group to Arena.
- Biomea Fusion, Inc. (NASDAQ: BMEA) climbed 18.8% to $19.82.
- Wallbox N.V. (NYSE: WBX) gained 16.3% to $1.8150 after Generac announced it made a minority investment in the company.
- CleanSpark, Inc. (NASDAQ: CLSK) surged 16.1% to $8.87amid a weekend increase in the price of Bitcoin.
- Newegg Commerce, Inc. (NASDAQ: NEGG) shares rose 15.5% to $2.08.
- Carvana Co. (NYSE: CVNA) rose 15.3% to $40.56 after JP Morgan upgraded the stock from Underweight to Neutral and raised its price target from $25 to $40.
- Terns Pharmaceuticals, Inc. (NASDAQ: TERN) surged 15.3% to $6.02.
- Consensus Cloud Solutions, Inc. (NASDAQ: CCSI) rose 12.6% to $21.55.
- TeraWulf Inc. (NASDAQ: WULF) gained 12.5% to $1.54 amid a weekend surge in the price of Bitcoin.
- Calavo Growers, Inc. (NASDAQ: CVGW) jumped 11.9% to $25.67.
- Marathon Digital Holdings, Inc. (NASDAQ: MARA) surged 11.4% to $15.26 amid a weekend surge in the price of Bitcoin.
- Riot Platforms, Inc. (NASDAQ: RIOT) gained 11.1% to $15.30 amid a weekend surge in the price of Bitcoin.
- National HealthCare Corporation (NYSE: NHC) rose 10.3% to $85.56.
- Spotify Technology S.A. (NYSE: SPOT) climbed 8.6% to $196.07. Spotify CEO Daniel Ek announced significant organizational changes, including reducing the company's headcount by approximately 17%.
- Fluence Energy, Inc. (NASDAQ: FLNC) gained 7% to $27.57. Roth MKM upgraded Fluence Energy from Neutral to Buy and raised the price target from $27 to $31.
- IDEXX Laboratories, Inc. (NASDAQ: IDXX) gained 6.4% to $513.47.
- GameStop Corp. (NYSE: GME) climbed 6% to $16.19.
- MicroStrategy Incorporated (NASDAQ: MSTR) rose 6% to $558.56 amid a weekend surge in the price of Bitcoin.
- Coinbase Global, Inc. (NASDAQ: COIN) gained 5.5% to $141.14 amid a weekend surge in the price of Bitcoin.
- Uber Technologies, Inc. (NYSE: UBER) climbed 5% to $60.22 after an announcement that the company would join the S&P 500 index.
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