Overseas Shipholding, Micron, Squarespace, Incyte And Other Big Stocks Moving Higher On Monday

U.S. stocks were higher, with the Nasdaq Composite gaining around 100 points on Monday.

Shares of Overseas Shipholding Group, Inc. OSG rose sharply during Monday's session after the company announced it entered into a definitive merger agreement to be acquired by Saltchuk Resources.

The transaction is valued at an aggregate equity value of around $653 million and a total transaction value of $950 million.

Overseas Shipholding Group shares climbed 22.8% to $8.43 on Monday.

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

  • Hims & Hers Health, Inc. HIMS shares jumped 30.5% to $19.01 after the company announced the addition of GLP-1 injections to its weight loss portfolio.
  • Dyne Therapeutics, Inc. DYN gained 24% to $34.32 after the company announced clinical data from its ongoing Phase 1/2 ACHIEVE trial of DYNE-101 in patients with myotonic dystrophy type 1 and its ongoing Phase 1/2 DELIVER trial of DYNE-251 in patients with Duchenne muscular dystrophy who are amenable to exon 51 skipping.
  • Wix.com Ltd. WIX rose 21.6% to $164.94 as the company posted upbeat results for its first quarter and raised its 2024 forecast on Monday.
  • Sutro Biopharma, Inc. STRO climbed 17.6% to $4.7150.
  • PTC Therapeutics, Inc. PTCT gained 17.2% to $38.78 after the company announced the European Commission has returned the Translarna opinion to the CHMP for re-evaluation.
  • i-80 Gold Corp. IAUX gained 16.4% to $1.42.
  • NextDecade Corporation NEXT gained 16% to $8.10 after ADNOC announced it secured an equity position and LNG offtake agreement in NextDecade’s Rio Grande LNG project.
  • NuScale Power Corporation SMR shares surged 15.5% to $7.29.
  • VinFast Auto Ltd. VFS rose 15% to $5.61.
  • NovoCure Limited NVCR gained 10.3% to $24.25.
  • Independent Bank Group, Inc. IBTX rose 8.5% to $47.69 after SouthState announced it will acquire the company.
  • Norwegian Cruise Line Holdings Ltd. NCLH gained 7.8% to $16.99 after the company announced 2026 financial targets and raised its 2024 guidance.
  • Sweetgreen, Inc. SG surged 7.3% to $34.07.
  • Carnival Corporation CCL rose 6.7% to $16.01.
  • Instructure Holdings, Inc. INST gained 6.6% to $21.62.
  • Jabil Inc. JBL gained 6.3% to $122.27 after the company reiterated its third-quarter financial results.
  • Doximity, Inc. DOCS gained 5.1% to $29.46.
  • AZZ Inc. AZZ rose 5.1% to $80.56 after Jefferies initiated coverage on the stock with a Buy rating and $105 price target.
  • Micron Technology, Inc. MU gained 3.7% to $129.94 after Morgan Stanley upgraded the stock from Underweight to Equal-Weight and raised its price target from $98 to $130.

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