Benzinga - by Avi Kapoor, Benzinga Staff Writer.
U.S. stocks traded lower, with the Nasdaq Composite falling around 150 points on Wednesday.
Shares of TDCX Inc. (NYSE: TDCX) rose sharply during Wednesday’s session after it disclosed receiving a preliminary non-binding acquisition offer.
The company got an acquisition offer from Laurent Junique, its Founder, Executive Chairman, Director, and CEO, for a purchase price of $6.60/share or ADS in cash. The company has created a special committee of the Board, comprised solely of independent and disinterested directors, to consider the proposal letter dated Jan. 2, 2024.
TDCX shares surged 28% to $6.18 on Wednesday.
Here are some other big stocks recording gains in today’s session.
- Dyne Therapeutics, Inc. (NASDAQ: DYN) shares jumped 16.2% to $15.17. Dyne Therapeutics released initial clinical data from its ACHIEVE trial of DYNE-101 in patients with myotonic dystrophy type 1 (DM1) and its DELIVER trial of DYNE-251 in patients with Duchenne muscular dystrophy (DMD) who are amenable to exon 51 skipping.
- Voyager Therapeutics, Inc. (NASDAQ: VYGR) gained 16.1% to $10.45.
- Gaotu Techedu Inc. (NYSE: GOTU) climbed 15.1% to $3.7601.
- Arrowhead Pharmaceuticals, Inc. (NASDAQ: ARWR) surged 7% to $33.17. Arrowhead Pharmaceuticals reported pricing of offering of 15.79 million shares at $28.50 per share.
- NaaS Technology Inc. (NASDAQ: NAAS) rose 6.9% to $1.54.
- Anavex Life Sciences Corp. (NASDAQ: AVXL) rose 6.5% to $6.44. HC Wainwright & Co. analyst Raghuram Selvaraju maintained Anavex Life Sciences with a Buy and lowered the price target from $54 to $40.
- Collegium Pharmaceutical, Inc. (NASDAQ: COLL) rose 6% to $33.11.
- Jumia Technologies AG (NYSE: JMIA) gained 5.4% to $3.5412. Morgan Stanley analyst Luke Holbrook upgraded Jumia Technologies from Underweight to Equal-Weight and raised the price target from $3 to $3.6.
- Arrowhead Pharmaceuticals, Inc. (NASDAQ: ARWR) climbed 5.3% to $32.66. Arrowhead Pharmaceuticals reported pricing of offering of 15.79 million shares at $28.50 per share.
- Pure Storage, Inc. (NYSE: PSTG) rose 5.1% to $36.58 after it was announced the company will join the S&P MidCap 400.
- Tourmaline Bio, Inc. (NASDAQ: TRML) gained 5% to $27.83.
- TAL Education Group (NYSE: TAL) rose 4.9% to $12.37.
- Suncor Energy Inc. (NYSE: SU) gained 4.2% to $33.45.
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