Viasat, Vertiv Holdings And Some Other Big Stocks Moving Higher On Monday

U.S. stocks traded higher, with the Dow Jones gaining more than 500 points on Monday. Here are some big stocks recording gains in today’s session.

• Viasat, Inc. (NASDAQ:VSAT) gained 27.3% to $38.47 after the company announced it entered into a definitive agreement to sell its Link 16 Tactical Data Links business to L3Harris Technologies for $1.96 billion.
• Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) gained 20.2% to $10.95.
• InterDigital, Inc. (NASDAQ:IDCC) jumped 13.8% to $46.02 after the company raised its Q3 sales guidance and entered into a patent license agreement with a major technology company.
• Vertiv Holdings Co (NYSE:VRT) jumped 13% to $11.02. Vertiv Holdings Co Chief Executive Officer Rob Johnson will retire from his position due to health reasons, effective December 31, 2022.
• Ultrapar Participações S.A. (NYSE:UGP) gained 12.7% to $2.47.
• Companhia Energética de Minas Gerais (NYSE:CIG) jumped 12.3% to $2.27. Shares of Brazilian companies traded higher after the Brazilian presidential election resulted in a runoff, giving Bolsonaro a chance to maintain the presidency.
• Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) rose 11.9% to $13.81.
• Cosan S.A. (NYSE:CSAN) gained 9.6% to $14.11.
• Matador Resources Company (NYSE:MTDR) rose 9.6% to $53.63. Shares of several oil stocks traded higher amid an increase in the price of oil as OPEC+ is rumored to be considering a ~1M barrel per day oil production cut.
• Kosmos Energy Ltd. (NYSE:KOS) jumped 9.3% to $5.65. Shares of several oil stocks traded higher amid an increase in the price of oil as OPEC+ is rumored to be considering a ~1M barrel per day oil production cut.
• SM Energy Company (NYSE:SM) gained 9% to $40.99. Shares of several oil stocks traded higher amid an increase in the price of oil as OPEC+ is rumored to be considering a ~1M barrel per day oil production cut.
• Alcoa Corporation (NYSE:AA) gained 8.5% to $36.52.
• United States Steel Corporation (NYSE:X) jumped 6% to $19.20.