U.S. stocks were higher, with the Nasdaq Composite gaining over 100 points on Monday.
Shares of Matterport, Inc. (NASDAQ:MTTR) rose sharply during Monday's session.
CoStar Group, Inc. (NASDAQ:CSGP) announced plans to acquire Matterport in a cash and stock transaction valued at $5.50 per share reflecting an estimated $1.6 billion value.
Matterport shares climbed 184% to $4.93 on Monday.
Here are some other big stocks recording gains in today's session.
- Graphjet Technology (NASDAQ:GTI) surged 27.6% to $8.61. Graphjet Technology's Tham Choi Kuen, CFO, announced the decision to resign due to health reasons, effective immediately.
- Adlai Nortye Ltd. (NASDAQ:ANL) gained 12.1% to $13.90.
- MicroStrategy Incorporated (NASDAQ:MSTR) shares climbed 11.2% to $1,305.56 amid a rise in Bitcoin.
- Sea Limited (NYSE:SE) surged 10.4% to $60.79 after B of A Securities upgraded the stock from Neutral to Buy and raised its price target from $62 to $70.
- Ingevity Corporation (NYSE:NGVT) climbed 8.7% to $48.30. Jefferies analyst Daniel Rizzo upgraded Ingevity from Hold to Buy and raised the price target from $52 to $62.
- KB Financial Group Inc. (NYSE:KB) surged 8.2% to $50.01.
- Riot Platforms, Inc. (NASDAQ:RIOT) gained 7.9% to $9.85 amid a rise in Bitcoin.
- Guardant Health, Inc. (NASDAQ:GH) climbed 7.9% to $17.31. The Molecular and Clinical Genetics Panel of the U.S. FDA Medical Devices Advisory Committee is scheduled to review the premarket approval application for the company's Shield blood test for colorectal cancer (CRC) screening on May 23, 2024.
- Lexeo Therapeutics, Inc. (NASDAQ:LXEO) rose 6.7% to $12.86 as the company announced a license agreement to accelerate development of LX2006 for the treatment of friedreich ataxia cardiomyopathy.
- Lexicon Pharmaceuticals, Inc. (NASDAQ:LXRX) gained 6.5% to $1.7550
- Coinbase Global, Inc. (NASDAQ:COIN) shares rose 6.5% to $224.72 amid a rise in Bitcoin.
- Critical Metals Corp. (NASDAQ:CRML) gained 6.2% to $8.60.
- Fresenius Medical Care AG (NYSE:FMS) rose 5.4% to $20.60.
Read More: Wall Street's Most Accurate Analysts' Views On 3 Defensive Stocks Delivering High-Dividend Yields