U.S. stocks were higher, with the Dow Jones index gaining more than 350 points on Friday.
Shares of White Mountains Insurance Group, Ltd. (NYSE:WTM) rose sharply during Friday's session after the company announced plans to sell a controlling interest in Bamboo, its technology-driven homeowners' insurance distribution platform, to funds advised by CVC Capital Partners.
The deal values Bamboo at $1.75 billion. Operating in California and Texas, Bamboo specializes in data-enabled underwriting and distribution for the residential property market.
White Mountains Insurance Group shares jumped 9.2% to $1,817.83 on Friday.
Here are some other big stocks recording gains in today’s session.
- Anbio Biotechnology (NASDAQ:NNNN) shares jumped 69.6% to $43.07.
- Lithium Americas Corp. (NYSE:LAC) surged 29.1% to $8.85.
- USA Rare Earth, Inc. (NASDAQ:USAR) shares rose 21.4% to $27.56 on reports indicating the company is in discussions with the White House.
- Red Cat Holdings, Inc. (NASDAQ:RCAT) jumped 19.4% to $13.76 after Needham initiated coverage on the stock with a Buy rating and announced a $17 price target.
- Plug Power Inc. (NASDAQ:PLUG) gained 19.3% to $3.3712 after HC Wainwright maintained a Buy rating and raised its price target from $3 to $7.
- SES AI Corporation (NYSE:SES) jumped 17.4% to $2.05.
- NioCorp Developments Ltd. (NASDAQ:NB) gained 17% to $7.91.
- Rumble Inc. (NASDAQ:RUM) surged 14.6% to $8.47 after the company announced a partnership with Perplexity to integrate its AI-powered tools.
- Rezolve AI PLC (NASDAQ:RZLV) rose 11.5% to $7.00.
- Cipher Mining Inc. (NASDAQ:CIFR) gained 10.6% to $15.27.
- Sandisk Corporation (NASDAQ:SNDK) jumped 8.4% to $134.35.
- Mesoblast Limited (NASDAQ:MESO) gained 7.7% to $18.33 after the company announced that Ryoncil received J-Code from the United States Medicare & Medicaid Services, allowing the product to become easier to bill and pay for.
- Diginex Limited (NASDAQ:DGNX) jumped 7.5% to $16.99.
- Gemini Space Station, Inc. (NASDAQ:GEMI) gained 6.7% to $24.75.
Read This Next:
Photo via Shutterstock
