U.S. stocks were higher, with the Nasdaq Composite gaining more than 400 points on Monday.
Shares of Pagaya Technologies Ltd (NASDAQ:PGY) rose sharply during Monday's session after the company reported better-than-expected third-quarter financial results and raised its FY25 sales guidance.
Pagaya Technologies reported quarterly earnings of $1.02 per share which beat the analyst consensus estimate of 18 cents per share. The company reported quarterly sales of $339.887 million which beat the analyst consensus estimate of $338.947 million.
Pagaya Technologies shares jumped 17.4% to $28.72 on Monday.
Here are some other big stocks recording gains in today’s session.
- Cogent Biosciences Inc (NASDAQ:COGT) shares jumped 133.3% to $34.57 after its Phase 3 PEAK study showed a median progression-free survival of 16.5 months for bezuclastinib plus sunitinib; The company plans to submit NDA to FDA for bezuclastinib in intolerant gastrointestinal stromal tumors.
- Sable Offshore Corp (NYSE:SOC) gained 30.3% to $6.96 after the company announced a $250 million private placement.
- Personalis Inc (NASDAQ:PSNL) rose 28.8% to $8.92. Personalis announced Medicare coverage for ultrasensitive MRD test in breast cancer.
- Ironwood Pharmaceuticals, Inc. (NASDAQ:IRWD) surged 27.6% to $2.45 after the company reported better-than-expected third-quarter financial results and raised its FY25 sales guidance above estimates.
- Skywater Technology Inc (NASDAQ:SKYT) gained 27.3% to $22.91.
- Telos Corp (NASDAQ:TLS) surged 23% to $7.85 after the company reported better-than-expected third-quarter financial results and issued FY25 sales guidance above estimates.
- Priority Technology Holdings Inc (NASDAQ:PRTH) gained 22.8% to $5.98 after the company announced it received a preliminary non-binding take private proposal from an investor group led by the CEO.
- TreeHouse Foods Inc (NYSE:THS) jumped 22.3% to $23.30 after the company reported third-quarter financial results. The company announced it will be acquired by Investindustrial.
- Charming Medical Ltd (NASDAQ:MCTA) jumped 19.5% to $26.40.
- Village Farms International Inc (NASDAQ:VFF) gained 17.5% to $3.48 following better-than-expected quarterly earnings.
- Viasat Inc (NASDAQ:VSAT) gained 13.5% to $40.64 following second-quarter earnings.
- Regencell Bioscience Holdings Ltd (NASDAQ:RGC) gained 12.9% to $14.70.
- Endeavour Silver Corp (NYSE:EXK) rose 12.9% to $8.13.
- Globalstar, Inc. (NASDAQ:GSAT) gained 12.7% to $56.90.
- Lumentum Holdings Inc (NASDAQ:LITE) rose 10.4% to $265.01.
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