U.S. stocks were mostly lower, with the Dow Jones index falling around 0.1% on Monday.
Shares of Soho House & Co Inc. (NYSE:SHCO) rose sharply during Monday's session after announcing a $2.7 billion deal to go private, offering investors $9.00 per share in cash.
The transaction is led by MCR Investors and its Chairman and CEO, Tyler Morse, with financing from Apollo and Goldman Sachs Alternatives.
Soho House shares jumped 15.3% to $8.81 on Monday.
Here are some other big stocks recording gains in today’s session.
- GoodRx Holdings, Inc. (NASDAQ:GDRX) shares jumped 33.7% to $4.99 after the company announced a collaboration with Novo Nordisk to expand access to Ozempic and Wegovy.
- Xunlei Limited (NASDAQ:XNET) gained 27.7% to $8.16 on continued strength after the company reported a year-over-year increase in second-quarter financial results last week.
- Dayforce Inc (NYSE:DAY) rose 25.7% to $66.50 after a Bloomberg report indicated Thoma Bravo is in talks to acquire the company.
- Zepp Health Corporation (NYSE:ZEPP) gained 23.1% to $41.69.
- iQIYI, Inc. (NASDAQ:IQ) gained 18.7% to $2.36.
- Cipher Mining Inc. (NASDAQ:CIFR) shares jumped 18.5% to $6.17.
- Applied Optoelectronics, Inc. (NASDAQ:AAOI) rose 18% to $26.40.
- Voyager Technologies, Inc. (NYSE:VOYG) jumped 14% to $33.40.
- Applied Digital Corporation (NASDAQ:APLD) gained 14% to $16.07.
- Zhihu Inc. (NYSE:ZH) rose 12.9% to $4.72. Zhihu will report second quarter financial results on Aug. 27.
- TeraWulf Inc. (NASDAQ:WULF) gained 12.2% to $10.07. TeraWulf, an operator of vertically integrated, predominantly zero-carbon digital infrastructure, launched a private offering of $400 million aggregate principal amount of convertible senior notes due 2031.
- Duolingo, Inc. (NASDAQ:DUOL) gained 11.8% to $365.65 after Citigroup initiated coverage with a Buy rating and $400 price target and KeyBanc upgraded the stock to Overweight.
- Alvotech (NASDAQ:ALVO) rose 9.6% to $8.80.
- Nextracker Inc. (NASDAQ:NXT) gained 9.1% to $66.06 after Guggenheim upgraded the stock from Neutral to Buy and announced a $74 price target.
- First Solar, Inc. (NASDAQ:FSLR) rose 8.5% to $217.07. Shares of solar stocks traded higher after the Treasury Department last week posted new guidance on energy tax credits.
- Newell Brands Inc. (NASDAQ:NWL) jumped 7.7% to $5.88.
- Synaptics Incorporated (NASDAQ:SYNA) gained 5.1% to $70.22 after Barclays initiated coverage on the stock with an Overweight rating and announced a $78 price target.
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