M&T Bank Reports Q1 Earnings, Joins Snap One, Encore Wire And Other Big Stocks Moving Higher On Monday

Benzinga ·  Apr 15 10:43

U.S. stocks were higher, with the Dow Jones index gaining over 100 points on Monday.

Shares of M&T Bank Corporation (NYSE:MTB) rose sharply during Monday's session after the company reported first-quarter financial results.

Revenue of $2.260 billion, slightly missing the consensus of $2.263 billion. EPS was $3.09, which came in line with the consensus, according to data from Benzinga Pro.

M&T Bank shares surged 5.4% to $141.88 on Monday.

Here are some other big stocks recording losses in today's session.

  • Snap One Holdings Corp. (NASDAQ:SNPO) shares jumped 31.6% to $10.71 after the company announced that it will be acquired by Resideo Technologies.
  • Medical Properties Trust, Inc. (NYSE:MPW) gained 19.9% to $4.7850 after the company announced that it sold its majority interest in Utah Hospitals.
  • SES AI Corporation (NYSE:SES) gained 18.7% to $1.77.
  • Mobile-health Network Solutions (NASDAQ:MNDR) shares rose 17.7% to $17.67.
  • Yatsen Holding Limited (NYSE:YSG) jumped 13.3% to $3.41.
  • Destiny Tech100 Inc. (NASDAQ:DXYZ) shares rose 12.8% to $32.71 after dipping 42% on Friday.
  • Encore Wire Corporation (NASDAQ:WIRE) jumped 11.7% to $291.60 after the company entered an agreement to be acquired by Prysmian for $290 per share in cash.
  • Century Aluminum Company (NASDAQ:CENX) shares climbed 9.5% to $18.05.
  • BRF S.A. (NYSE:BRFS) gained 7.5% to $3.43 after JP Morgan upgraded the stock from Neutral to Overweight. Goldman Sachs analyst Thiago Bortoluci upgraded BRF from Sell to Neutral and raised the price target from $1.9 to $3.1.
  • Luminar Technologies, Inc. (NASDAQ:LAZR) gained 7% to $1.3901. Luminar is expected to report financials for the first quarter of 2024 after the closing bell on Tuesday, May 7, 2024.
  • ProFrac Holding Corp. (NASDAQ:ACDC) gained 6.3% to $8.99. B of A Securities analyst Chase Mulvehill maintained ProFrac with a Neutral and raised the price target from $8.5 to $9.5.
  • Alcoa Corporation (NYSE:AA) surged 6% to $37.30.
  • Extreme Networks, Inc. (NASDAQ:EXTR) rose 5.7% to $11.31. B. Riley Securities analyst Dave Kang upgraded Extreme Networks from Neutral to Buy and maintained a $14 price target.
  • Spirit Airlines, Inc. (NYSE:SAVE) surged 4.4% to $4.3612. Spirit Airlines said it expects a first-quarter FY24 revenue of about $1.265 billion against the previous estimate of $1.250 billion – $1.280 billion and the consensus of $1.273 billion.
  • Graphjet Technology (NYSE:GTI) rose 3.3% to $10.70.

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