Dada Nexus, Titan Machinery, AT&T And Other Big Stocks Moving Higher On Monday

U.S. stocks were lower, with the Dow Jones index falling over 100 points on Monday.

Shares of Dada Nexus Limited DADA rose sharply during Monday's session after the company received a preliminary, non-binding proposal from JD.com, Inc. JD to acquire all shares, including ADSs, at $2.00 per ADS ($0.50 per Ordinary Share) in cash.

The offer represents a 42% premium to the last closing price before the proposal date. The Board has formed a special committee, chaired by Laura Marie Butler, to evaluate JD.com's acquisition proposal.

Dada Nexus shares surged 31.2% to $1.8491 on Monday.

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

Akero Therapeutics, Inc. AKRO shares jumped 114% to $56.03 after the company reported preliminary week 96 results from its SYMMETRY Phase 2B study of Efruxifermin.
89bio, Inc. ETNB gained 48.7% to $10.60.
Logility Supply Chain Solutions, Inc. LGTY gained 24.6% to $14.11 after Aptean announced an agreement to acquire Logility in a $14.30-per-share all-cash deal.
EverQuote, Inc. EVER gained 17.3% to $20.63.
Titan Machinery Inc. TITN shares rose 10.3% to $17.38. Baird analyst Mircea Dobre upgraded Titan Machinery from Neutral to Outperform and raised the price target from $14 to $25.
Portillo’s Inc. PTLO gained 10.2% to $13.76. Stifel analyst Chris O’Cull upgraded Portillos from Hold to Buy and raised the price target from $13 to $16.
LendingTree, Inc. TREE rose 10.2% to $45.67.
Alpha Teknova, Inc. TKNO gained 9.6% to $8.81.
Kingsoft Cloud Holdings Limited KC shares rose 7.4% to $11.59 after jumping 13% on Friday.
Service Properties Trust SVC gained 7% to $2.92.
LGI Homes, Inc. LGIH rose 6.8% to $96.53
The Hain Celestial Group, Inc. HAIN climbed 6.2% to $5.65.
AT&T Inc. T gained 5.9% to $24.07 following better-than-expected quarterly financial results.