U.S. equities took a downward turn, with the Dow Jones Industrial Average shedding roughly 250 points on Monday.
Amidst the market fluctuations, Micron Technology, Inc. (MU) emerged as a standout performer, witnessing a significant surge after B of A Securities reaffirmed its Buy rating on the stock and adjusted its price target from $120 to $144.
Notably, Micron Technology shares soared by 6.6% to reach $125.69 during the session.
Other major stocks also saw substantial gains during the trading day:
- Doma Holdings Inc. (DOMA) saw a 34% increase to $6.08 following its merger agreement with TRG, enabling the company to go private at $6.29 per share in cash.
- Mesoblast Limited (MESO) experienced a 22.4% boost to $6.13 after receiving positive feedback from the FDA regarding its Phase 3 study MSB-GVHD001.
- SolarMax Technology, Inc. (SMXT) rose by 22.1% to $11.18.
- Ouster, Inc. (OUST) witnessed a 19.8% jump to $9.51.
- Jiuzi Holdings, Inc. (JZXN) gained 17.2% to $4.09.
- Ballard Power Systems Inc. (BLDP) surged by 16.4% to $3.2350 following the announcement of a Long Term Supply Agreement for hydrogen fuel cell engines.
- Iris Energy Limited (IREN) climbed 16% to $6.26, with Cantor Fitzgerald maintaining a positive outlook and target price of $10.
- Allego N.V. (ALLG) rose by 15.2% to $1.67.
- GigaCloud Technology Inc. (GCT) had a 13.3% increase, reaching $30.26.
- ZimVie Inc. (ZIMV) garnered a 12.6% rise to $18.56 after successfully closing the sale of its spine business.
- DouYu International Holdings Limited (DOYU) made gains of 12% to $7.38.
- COMPASS Pathways plc (CMPS) climbed 10.6% to $9.20, with an Overweight rating and a $30 target announced by Morgan Stanley analyst Vikram Purohit.
- Coeur Mining, Inc. (CDE) surged by 9.6% to $4.1350 amidst strength in precious metals stocks driven by rising gold prices.
- Trip.com Group Limited (TCOM) grew by 7.6% to $47.24, backed by positive sentiment from Citigroup analyst Brian Gong who raised the price target to $55.
- NexGen Energy Ltd. (NXE) witnessed a 7% increase to $8.31.
- Western Digital Corporation (WDC) rose by 5.7% to $72.13.
- The Chemours Company (CC) showed a gain of 6.4% to $27.94, despite recent disclosures of material weaknesses in financial reporting by the company.
Keep an eye on the market pulse and stay tuned for potential opportunities ahead!
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