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

Author: Avi Kapoor | May 20, 2024 11:37am

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

Shares of Overseas Shipholding Group, Inc. (NYSE: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. (NYSE: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. (NASDAQ: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. (NASDAQ: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. (NASDAQ:STRO) climbed 17.6% to $4.7150.
PTC Therapeutics, Inc. (NASDAQ: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. (NYSE:IAUX) gained 16.4% to $1.42.
NextDecade Corporation (NASDAQ: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 (NYSE:SMR) shares surged 15.5% to $7.29.
VinFast Auto Ltd. (NASDAQ:VFS) rose 15% to $5.61.
NovoCure Limited (NASDAQ:NVCR) gained 10.3% to $24.25.
Independent Bank Group, Inc. (NASDAQ:IBTX) rose 8.5% to $47.69 after SouthState announced it will acquire the company.
Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) gained 7.8% to $16.99 after the company announced 2026 financial targets and raised its 2024 guidance.
Sweetgreen, Inc. (NYSE:SG) surged 7.3% to $34.07.
Carnival Corporation (NYSE:CCL) rose 6.7% to $16.01.
Instructure Holdings, Inc. (NYSE:INST) gained 6.6% to $21.62.
Jabil Inc. (NYSE:JBL) gained 6.3% to $122.27 after the company reiterated its third-quarter financial results.
Doximity, Inc. (NYSE:DOCS) gained 5.1% to $29.46.
AZZ Inc. (NYSE: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. (NASDAQ: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.