Tesla, Zillow, Albireo Pharma And Some Other Big Stocks Moving Higher On Monday

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U.S. stocks traded higher, with the Dow Jones gaining more than 150 points on Monday. Here are some big stocks recording losses in today’s session.

  • CinCor Pharma, Inc. CINC shares surged 137% to $27.93 after AstraZeneca announced it will acquire the company for $26 per share in cash.
  • Amryt Pharma plc AMYT jumped 106.7% to $14.49 after Chiesi Farmaceutici announced it will acquire the company for $14.50 per ADS plus contingent value rights of up to an additional $2.50 per ADS.
  • Albireo Pharma, Inc. ALBO shares gained 92.9% to $44.03 after Ipsen announced it will acquire the company for $42 per share plus a contingent value right of $10 per share.
  • Duck Creek Technologies, Inc. DCT rose 47% to $19.10 after the company agreed to be acquired by Vista Equity Partners for $2.6 billion.
  • Revance Therapeutics, Inc. RVNC climbed 43% to $28.25 as the company reported the FDA acceptance Of supplemental Biologics License Application for DAXXIFY for injection for the treatment of cervical dystonia.
  • CureVac N.V. CVAC shares gained 30.4% to $10.77. CureVac shares jumped over 29% on Friday after the company announced data on joint COVID-19 and flu mRNA vaccine development programs.
  • Paya Holdings Inc. PAYA jumped 24.5% to $9.70 after Nuvei entered into a definitive agreement to acquire the company for $9.75 per share in cash.
  • LexinFintech Holdings Ltd. LX gained 24.5% to $2.9892.
  • NanoString Technologies, Inc. NSTG surged 23.1% to $9.77. NanoString issued preliminary financial and operational highlights for Q4 and FY 2022.
  • Scilex Holding Company SCLX gained 21.7% to $6.12.
  • Exact Sciences Corporation EXAS rose 20.5% to $56.85 after the company announced preliminary Q4 results.
  • Guardion Health Sciences, Inc. GHSI climbed 19.4% to $7.10.
  • Lufax Holding Ltd LU surged 17.5% to $2.5400.
  • Marathon Digital Holdings, Inc. MARA jumped 15.5% to $4.7250. Jefferies downgraded Marathon Digital from Buy to Hold and announced a $4 price target.
  • SomaLogic, Inc. SLGC jumped 15.1% to $3.0050. SomaLogic expects preliminary FT22 revenue at high end of $93 million to $98 million guidance range.
  • TAL Education Group TAL rose 12.6% to $9.62.
  • Life Time Group Holdings, Inc. LTH gained 12.6% to $14.42 after the company reported preliminary Q4 and FY22 financial results and issued FY23 guidance.
  • 2U, Inc. TWOU gained 12.4% to $7.24. 2U announced debt refinancing transactions.
  • Coinbase Global, Inc. COIN rose 12.5% to $37.42. Jefferies initiated coverage on Coinbase Global with a Hold rating and announced a price target of $35.
  • Heska Corporation HSKA gained 12.4% to $69.90.
  • Studio City International Holdings Limited MSC gained 12.3% to $8.47.
  • Riot Blockchain, Inc. RIOT climbed 12% to $4.78. Wells Fargo maintained Riot Platforms with an Equal-Weight and lowered the price target from $6 to $5.
  • agilon health, inc. AGL jumped 12.2% to $17.26. agilon health reaffirmed FY22 adjusted EBITDA guidance of $2 million to $7 million.
  • Zillow Group, Inc. Z gained 8.7% to $39.01 after B of A Securities upgraded the stock from Underperform to Buy and raised its price target from $22 to $42.
  • Tesla, Inc. TSLA jumped 8.3% to $122.44 amid vehicle price cuts in China and indications that wait times for some Chinese Model Y vehicles have increased.
  • Snowflake Inc. SNOW rose 8% to $133.93. Piper Sandler maintained Snowflake with an Overweight and lowered the price target from $200 to $194.

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