Illumina, Seagen And Other Big Stocks Moving Higher On Monday

U.S. stocks traded slightly lower, with the Nasdaq Composite dropping around 0.2% on Monday. Here are some big stocks recording gains in today’s session.

Provention Bio, Inc. PRVB shares gained 250.8% to $23.50 after Sanofi announced it will acquire the company for $25 per share in cash.
Calliditas Therapeutics AB CALT shares surged 33.7% to $22.73 after the company announced the primary endpoint was successfully met in the Phase 2 NefIgArd trial evaluating Nefecon in IgA nephropathy.
Cipher Mining Inc. CIFR jumped 30.2% to $1.7195.
ZIM Integrated Shipping Services Ltd. ZIM gained 23.7% to $24.20 after the company reported a fourth-quarter FY22 sales decline of 37% year-on-year to $2.19 billion, beating the consensus of $2.11 billion.
Illumina, Inc. ILMN gained 17.7% to $228.41 following a media report stating Carl Icahn is preparing to become an activist investor in the company.
Seagen Inc. SGEN climbed 16.8% to $201.65 after Pfizer announced it would acquire the company for $229 per share in cash.
Zynex, Inc. ZYXI gained 15.7% to $11.03 following upbeat quarterly earnings.
Harmony Gold Mining Company Limited HMY rose 15% to $3.6350. Shares of gold companies traded higher amid a decline in the US dollar.
Marathon Digital Holdings, Inc. MARA jumped 13.6% to $6.06. Marathon Digital said the company hold $142 million in cash deposits as signature bridge.
Karyopharm Therapeutics Inc. KPTI surged 13.2% to $3.39.
Gold Fields Limited GFI rose 13% to $10.69. Shares of gold companies traded higher amid a decline in the US dollar.
Riot Platforms, Inc. RIOT gained 12.8% to $5.98 after declining over 4% on Friday.
MacroGenics, Inc. MGNX rose 12.4% to $5.98.
First Majestic Silver Corp. AG gained 11.4% to $6.80. Shares of precious metals companies traded higher amid uncertainty surrounding the US financial sector, which has lifted safe-haven assets.
AngloGold Ashanti Limited AU rose 11.3% to $19.61. Shares of gold companies traded higher amid a decline in the US dollar.
Sage Therapeutics, Inc. SAGE surged 11% to $43.90 after RBC Capital upgraded the stock from Sector Perform to Outperform and announced a $60 price target.
Enovix Corporation ENVX rose 10.4% to $10.55.
Agenus Inc. AGEN gained 10.3% to $1.6550. Agenus is expected to release its Q4 financial results on Tuesday, March 14, 2023.
Design Therapeutics, Inc. DSGN gained 8.9% to $7.07.
Kinross Gold Corporation KGC jumped 8.2% to $3.79. Shares of several mining stocks traded higher following an increase in the price of precious metals amid stress in the US financial sector.
MicroStrategy Incorporated MSTR shares gained 8.3% to $208.24 after dropping 9% on Friday.
FTI Consulting, Inc. FCN gained 6.1% to $197.94. Truist Securities maintained FTI Consulting with a Buy and raised the price target from $220 to $240.