Join Newsletter

RXO, Vaxcyte, PTC And Other Big Stocks Moving Higher On Monday

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.

Photo via Shutterstock

More Sponsored Headlines