U.S. stocks were higher, with the Dow Jones index gaining around 500 points on Monday.
Shares of Sage Therapeutics, Inc. (NASDAQ:SAGE) rose sharply during Monday’s session after Supernus Pharmaceuticals agreed to acquire the company.
Supernus Pharmaceuticals on Monday agreed to acquire Sage Therapeutics for $12.00 per share in cash, or an aggregate of up to approximately $795 million.
The deal consideration includes $8.50 per share in cash (or an aggregate of approximately $561 million) plus one non-tradable contingent value right (CVR) collectively worth up to $3.50 per share in cash (or an aggregate of approximately $234 million).
Sage Therapeutics shares climbed 35.6% to $9.09 on Monday.
Here are some other big stocks recording gains in today’s session.
- EchoStar Corporation (NASDAQ:SATS) shares jumped 48.2% to $24.96 after President Trump reportedly urged Ergen and Carr to cut a deal on the company’s spectrum.
- AIRO Group Holdings, Inc. (NASDAQ:AIRO) jumped 42% to $31.11 after jumping 140% on Friday. AIRO Group priced its $60 million initial public offering of 6 million common shares at $10 per share.
- Circle Internet Group (NYSE:CRCL) gained 22.1% to $163.13.
- Arqit Quantum Inc. (NASDAQ:ARQQ) rose 21% to $28.77.
- NANO Nuclear Energy Inc. (NASDAQ:NNE) gained 17.4% to $35.83. NANO Nuclear Energy announced that Matthew Barry has joined the Company as its Director of Investor Relations.
- TSS, Inc. (NASDAQ:TSSI) rose 17.4% to $21.63.
- TMC the metals company Inc. (NASDAQ:TMC) rose 17.1% to $5.08 after Korea Zinc announced an equity investment of $85.2 million in the company.
- UroGen Pharma Ltd. (NASDAQ:URGN) climbed 17% to $14.05.
- Quantum Computing Inc. (NASDAQ:QUBT) surged 15.6% to $19.17.
- NextNav Inc. (NASDAQ:NN) gained 15.6% to $14.88.
- Roku, Inc. (NASDAQ:ROKU) rose 10.3% to $82.06 after the company announced a new integration with Amazon Ads.
- Hims & Hers Health, Inc. (NYSE:HIMS) gained 10.2% to $61.17.
- AST SpaceMobile, Inc. (NASDAQ:ASTS) rose 10% to $42.21.
- Uranium Energy Corp. (NYSE:UEC) gained 9.8% to $6.87.
- Newell Brands Inc. (NASDAQ:NWL) rose 9.5% to $5.74.
- Darling Ingredients Inc. (NYSE:DAR) gained 9.1% to $39.28. Darling Ingredients announced offering of €750 Million of senior notes by Darling Global Finance B.V. and proposed entry into a new amended and restated credit agreement.
- MP Materials Corp. (NYSE:MP) rose 9% to $33.42.
- Advanced Micro Devices, Inc. (NASDAQ:AMD) surged 8.5% to $126.01.
- The Estée Lauder Companies Inc. (NYSE:EL) gained 7.9% to $72.67.
- Marvell Technology, Inc. (NASDAQ:MRVL) climbed 6% to $71.15. Marvell Technology announced a quarterly dividend of 6 cents per share of common stock.
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