Here are some of the bigger stock movers for Monday.
Stock gainers:
The Global X MSCI Greece exchange-traded fund
GREK,
rallied 7.7% in afternoon trading% after an unexpectedly large victory for Greece’s ruling conservative party, that nonetheless is likely to result in a run-off election.
DraftKings Inc. shares
DKNG,
traded up 8% after UBS upgraded the stock to buy from neutral, and raised the stock price target by 58%, to $30 from $19, citing higher revenue growth and greater flow-through of revenue to earnings before interest, taxes, depreciation and amortization (Ebitda).
U.S.-listed shares of China-based Nio Inc.
NIO,
jumped 8% on Monday, on track for the largest one-day gain since late January. The rally also lifted the shares of other China-based automakers, with XPeng Inc.’s
XPEV,
up 4.6% and Li Auto Inc.’s
LI,
rising 1.4%. Shares of Tesla Inc.
TSLA,
which generated 21% of its first-quarter revenue from China, hiked up 3.5%.
Pfizer Inc. shares
PFE,
surged 4.3% after a study of its diabetes treatment danuglipron found that a high dose of the drug reduced body weight by more than nine pounds over 16 weeks.
Plug Power Inc.’s stock
PLUG,
charged up 13% after company said it landed three deals in Europe for its green hydrogen-producing electrolyzers, which will mark the first use of industrial-scale hydrogen in glass manufacturing, aluminum recycling and steel manufacturing.
Greenhill & Co. Inc.’s stock
GHL,
rocketed 117%, enough to pace all gainers listed on the New York Stock Exchange (NYSE), after the investment bank agreed to a be acquired by Japan-based Mizuho Financial Group
MFG,
8411,
in a cash deal that implies a $275 million market capitalization for Greenhill.
Meta Platforms Inc. shares META rose 1.6%, erasing an earlier loss of as much as 0.2% after being fined €1.2 billion ($1.3 billion) over allegations it violated European Commission rules on data protection.
Stock decliners:
Micron Technology Inc. shares
MU,
skidded 3.1% after the Chinese government on Sunday told some tech manufacturers to stop buying products from the biggest U.S. memory chip maker because of “security risks,” in apparent retaliation for U.S. tech restrictions against China.
Nike Inc.’s stock
NKE,
shed 3.0% to pace the Dow Jones Industrial Average’s
DJIA,
decliners, after Williams Trading’s Sam Poser downgraded the athletic apparel giant to sell from hold, saying the footwear line, like the Air Max, has run stale.
Intercept Pharmaceuticals Inc. shares
ICPT,
plunged 29% after the biopharmaceutical company said a U.S. Food and Drug Administration committee voted to “defer approval” of its treatment of pre-cirrhotic fibrosis due to nonalcoholic steatohepatitis (NASH).
Shares of Daxor Corp.
DXR,
tumbled 22% after the company announced plans to issue stock.
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