U.S. stocks traded higher, with the Dow Jones gaining more than 500 points on Monday. Here are some big stocks recording gains in today's session.
- Viasat, Inc. (NASDAQ:VSAT) gained 27.3% to $38.47 after the company announced it entered into a definitive agreement to sell its Link 16 Tactical Data Links business to L3Harris Technologies for $1.96 billion.
- Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) gained 20.2% to $10.95.
- InterDigital, Inc. (NASDAQ:IDCC) jumped 13.8% to $46.02 after the company raised its Q3 sales guidance and entered into a patent license agreement with a major technology company.
- Vertiv Holdings Co (NYSE:VRT) jumped 13% to $11.02. Vertiv Holdings Co Chief Executive Officer Rob Johnson will retire from his position due to health reasons, effective December 31, 2022.
- Ultrapar Participações S.A. (NYSE:UGP) gained 12.7% to $2.47.
- Companhia Energética de Minas Gerais (NYSE:CIG) jumped 12.3% to $2.27. Shares of Brazilian companies traded higher after the Brazilian presidential election resulted in a runoff, giving Bolsonaro a chance to maintain the presidency.
- Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) rose 11.9% to $13.81.
- Cosan S.A. (NYSE:CSAN) gained 9.6% to $14.11.
- Matador Resources Company (NYSE:MTDR) rose 9.6% to $53.63. Shares of several oil stocks traded higher amid an increase in the price of oil as OPEC+ is rumored to be considering a ~1M barrel per day oil production cut.
- Kosmos Energy Ltd. (NYSE:KOS) jumped 9.3% to $5.65. Shares of several oil stocks traded higher amid an increase in the price of oil as OPEC+ is rumored to be considering a ~1M barrel per day oil production cut.
- SM Energy Company (NYSE:SM) gained 9% to $40.99. Shares of several oil stocks traded higher amid an increase in the price of oil as OPEC+ is rumored to be considering a ~1M barrel per day oil production cut.
- Alcoa Corporation (NYSE:AA) gained 8.5% to $36.52.
- United States Steel Corporation (NYSE:X) jumped 6% to $19.20.