Micron, Iris Energy, Trip.com Group And Other Big Stocks Moving Higher On Monday

U.S. stocks were lower, with the Dow Jones falling around 250 points on Monday.

Shares of Micron Technology, Inc. (NASDAQ:MU) rose sharply during Monday’s session after B of A Securities maintained a Buy rating on the stock and raised its price target from $120 to $144.

Micron Technology shares climbed 6.6% to $125.69 on Monday.

Here are some other big stocks recording gains in today’s session.

• Doma Holdings Inc. (NYSE:DOMA) shares rose 34% to $6.08 after the company entered a merger transaction with TRG to go private at $6.29 per share in cash.
• Mesoblast Limited (NASDAQ:MESO) gained 22.4% to $6.13 after the FDA earlier in the week informed the company that the available clinical data from its Phase 3 study MSB-GVHD001 appears sufficient to support submission of the proposed Biologics License Application for remestemcel-L.
• SolarMax Technology, Inc. (NASDAQ:SMXT) rose 22.1% to $11.18.
• Ouster, Inc. (NYSE:OUST) shares jumped 19.8% to $9.51.
• Jiuzi Holdings, Inc. (NASDAQ:JZXN) gained 17.2% to $4.09.
• Ballard Power Systems Inc. (NASDAQ:BLDP) gained 16.4% to $3.2350 after the company announced the signing of a Long Term Supply Agreement with Solaris for the supply of 1,000 hydrogen fuel cell engines for the European transit bus market.
• Iris Energy Limited (NASDAQ:IREN) climbed 16% to $6.26. Cantor Fitzgerald analyst Josh Siegler reiterated Iris Energy with an Overweight and maintained a $10 price target.
• Allego N.V. (NASDAQ:ALLG) gained 15.2% to $1.67.
• GigaCloud Technology Inc. (NASDAQ:GCT) rose 13.3% to $30.26.
• ZimVie Inc. (NASDAQ:ZIMV) gained 12.6% to $18.56. ZimVie announced closing of sale of spine business to an affiliate of H.I.G. Capital for $375 million in total consideration.
• DouYu International Holdings Limited (NASDAQ:DOYU) gained 12% to $7.38.
• COMPASS Pathways plc (NASDAQ:CMPS) gained 10.6% to $9.20. Morgan Stanley analyst Vikram Purohit initiated coverage on Compass Pathways with an Overweight rating and announced a price target of $30.
• Coeur Mining, Inc. (NYSE:CDE) rose 9.6% to $4.1350 amid strength in precious metals stocks as gold rises on rate cut hopes.
• Trip.com Group Limited (NASDAQ:TCOM) climbed 7.6% to $47.24. Citigroup analyst Brian Gong maintained Trip.com Group with a Buy and raised the price target from $53 to $55.
• NexGen Energy Ltd. (NYSE:NXE) gained 7% to $8.31.
• Western Digital Corporation (NASDAQ:WDC) rose 5.7% to $72.13.
• The Chemours Company (NYSE:CC) gained 6.4% to $27.94. Chemours recently said it identified four material weaknesses amid its internal control over financial reporting.

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