ZIM Integrated Shipping Services Posts Upbeat Earnings, Joins fuboTV, Foghorn Therapeutics And Other Big Stocks Moving Higher On Monday

Author: Avi Kapoor | August 19, 2024 10:25am

U.S. stocks were higher, with the Dow Jones index gaining around 100 points on Monday.

Shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) rose sharply during Monday's session after the company reported better-than-expected second-quarter financial results and raised its FY24 guidance.

ZIM Integrated Shipping reported a second-quarter sales increase of 48% Y/Y to $1.93 billion, beating the consensus of $1.80 billion. The Haifa, Israel-based company generated an EPS of $3.08, vs a loss of $1.79 last year, beating the consensus of $1.66.

ZIM Integrated Shipping Services shares jumped 19.6% to $22.80 on Monday.

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

fuboTV Inc. (NYSE:FUBO) shares jumped 29% to $1.9700 after a judge temporarily blocked the Fox-Disney-Warner streaming venture, Venu.
Foghorn Therapeutics Inc. (NASDAQ:FHTX) gained 20.9% to $7.57. Evercore ISI Group analyst Gavin Clark-Gartner initiated coverage on Foghorn Therapeutics with an Outperform rating and announced a price target of $20.
Lyell Immunopharma, Inc. (NASDAQ:LYEL) rose 13.7% to $1.3879. HC Wainwright & Co. analyst Mitchell Kapoor reiterated Lyell Immunopharma with a Neutral and maintained a $1 price target.
Xperi Inc. (NYSE:XPER) shares jumped 13.7% to $8.59 after the company announced that it entered into an agreement with Amazon.com services for the sale of nearly all assets and some liabilities for $80 million.
Inozyme Pharma, Inc. (NASDAQ:INZY) gained 12% to $5.13.
TG Therapeutics, Inc. (NASDAQ:TGTX) rose 11.6% to $24.66.
AST SpaceMobile, Inc. (NASDAQ:ASTS) gained 11% to $34.47.
Valneva SE (NASDAQ:VALN) shares climbed 10.7% to $8.27.
Inozyme Pharma, Inc. (NASDAQ:INZY) rose 10.7% to $5.07.
AST SpaceMobile, Inc. (NASDAQ:ASTS) gained 9.4% to $33.95.
Digital Turbine, Inc. (NASDAQ:APPS) rose 8% to $3.940.
Symbotic Inc. (NASDAQ:SYM) surged 6.6% to $23.70.
United Therapeutics Corporation (NASDAQ:UTHR) surged 5.6% to $339.10.
e.l.f. Beauty, Inc. (NYSE:ELF) gained 5.2% to $167.50.
Amer Sports, Inc. (NYSE:AS) rose 5.5% to $12.09.
KB Financial Group Inc. (NYSE:KB) gained 4.2% to $65.35.