Pinduoduo, JinkoSolar And Some Other Big Stocks Moving Higher On Monday



  • Minerva Neurosciences, Inc. NERV jumped 25% to $12.96. Point72 Asset Management recently reported an 8.8% passive stake in the company.

  • Pinduoduo Inc. PDD shares gained 23.5% to $71.11 after the company reported better-than-expected Q2 revenue results.

  • Grindrod Shipping Holdings Ltd. GRIN gained 14.9% to $23.55 after Taylor Maritime delivered a non-binding proposal to acquire the company for $26 per share.

  • TAL Education Group TAL jumped 9.7% to $6.57.

  • Cameco Corporation CCJ gained 8% to $28.76. Shares of several uranium companies traded higher as countries look for energy alternatives amid the global energy crisis.

  • MINISO Group Holding Limited MNSO rose 7.8% to $7.26. The company recently posted upbeat quarterly results.

  • Scorpio Tankers Inc. STNG rose 6% to $43.69. Scorpio Tankers recently announced repurchases of 1.293 million shares at $38.65 following Eneti sale.

  • Kosmos Energy Ltd. KOS gained 5.5% to $7.63. Shares of energy companies traded higher amid an increase in oil prices as Saudi Arabia raised the possibility that OPEC+ could make output cuts to support prices. Also, conflict in Libya is impacting oil prices, as well.

  • JinkoSolar Holding Co., Ltd. JKS gained 5.5% to $63.06. Goldman Sachs maintained JinkoSolar with a Sell and raised the price target from $31 to $35. The company, on Friday, reported second-quarter FY22 revenue growth of 137.6% year-on-year to $2.81 billion, beating the consensus of $2.28 billion.

  • iQIYI, Inc. IQ gained 4.4% to $4.1150. iQIYI recently introduces China's first extended reality virtual production series.





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