U.S. stocks were mixed, with the Dow Jones index falling over 250 points on Monday.
Shares of RXO Inc (NYSE:RXO) rose sharply after C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) agreed to acquire the company in a cash-and-stock transaction with an implied value of $5.8 billion.
Under the deal, RXO shareholders will receive $17.25 in cash and 0.0856 C.H. Robinson shares for each RXO share, implying total consideration of $30.25 per share.
RXO shares jumped 23.1% to $28.80 on Monday.
Here are some other big stocks recording gains in today’s session.
- Vaxcyte Inc (NASDAQ:PCVX) shares jumped 55.7% to $87.97 after the company announced topline results from the OPUS-1 pivotal adult Phase 3 trial. Vax-31 met all prespecified primary endpoints across age groups studied.
- PTC Inc (NASDAQ:PTC) gained 35% to $194.56 after the company announced it will be acquired by Schneider Electric.
- XP Inc (NASDAQ:XP) shares rose 31.3% to $28.22.
- StoneCo Ltd (NASDAQ:STNE) gained 23.5% to $11.80.
- Inter & Co Inc (NASDAQ:INTR) rose 21.4% to $6.65.
- PagSeguro Digital Ltd (NYSE:PAGS) gained 19.4% to $10.76.
- Banco Bradesco SA (NYSE:BBD) gained 18.5% to $4.32.
- Itau Unibanco Holding SA ADR (NYSE:ITUB) rose 18.3% to $10.15.
- Nu Holdings Ltd. (NYSE:NU) gained 13.3% to $15.21 after Flávio Bolsonaro, a right-wing Brazilian senator, beat expectations in the first round of Brazil’s presidential election.
- Tim SA (NYSE:TIMB) jumped 12.7% to $20.11.
- Companhia Energetica Minas Gerais ADR (NYSE:CIG) rose 12.4% to $2.41.
- Ambev SA (NYSE:ABEV) gained 10.7% to $3.30.
- Petroleo Brasileiro ADR (NYSE:PBR) rose 10.1% to $23.83.
- MercadoLibre Inc (NASDAQ:MELI) gained 8% to $1,831.84 as investors assess the results of Brazil’s first-round presidential election.
- Cerebras Systems Inc (NASDAQ:CBRS) gained 7.7% to $179.33 after OpenAI CEO Sam Altman posted on social media saying, “Cerebras is a close partner.”
- Western Digital Corp (NASDAQ:WDC) climbed 7.1% to $444.55 after the stock fell 10.22% in the previous session.
- Samsara Inc (NYSE:IOT) rose 6.6% to $43.83. Jefferies analyst Samad Samana initiated coverage on Samsara with a Buy rating and announced a price target of $50.
- Seagate Technology Holdings PLC (NASDAQ:STX) climbed 5.6% to $896.40 after closing 10.21% lower in the previous session.
- Shopify Inc. (NYSE:SHOP) shares jumped 5.5% to $159.80.
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