ZIM Integrated Shipping Services Posts Upbeat Earnings, Joins fuboTV, Foghorn Therapeutics And Other Big Stocks Moving Higher On Monday

U.S. stocks were higher, with the Dow Jones index gaining around 100 points on Monday.

Shares of ZIM Integrated Shipping Services Ltd. ZIM rose sharply during Monday's session after the company reported better-than-expected second-quarter financial results and raised its FY24 guidance.

ZIM Integrated Shipping reported a second-quarter sales increase of 48% Y/Y to $1.93 billion, beating the consensus of $1.80 billion. The Haifa, Israel-based company generated an EPS of $3.08, vs a loss of $1.79 last year, beating the consensus of $1.66.

ZIM Integrated Shipping Services shares jumped 19.6% to $22.80 on Monday.

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

• fuboTV Inc. FUBO shares jumped 29% to $1.9700 after a judge temporarily blocked the Fox-Disney-Warner streaming venture, Venu.
• Foghorn Therapeutics Inc. FHTX gained 20.9% to $7.57. Evercore ISI Group analyst Gavin Clark-Gartner initiated coverage on Foghorn Therapeutics with an Outperform rating and announced a price target of $20.
• Lyell Immunopharma, Inc. LYEL rose 13.7% to $1.3879. HC Wainwright & Co. analyst Mitchell Kapoor reiterated Lyell Immunopharma with a Neutral and maintained a $1 price target.
• Xperi Inc. XPER shares jumped 13.7% to $8.59 after the company announced that it entered into an agreement with Amazon.com services for the sale of nearly all assets and some liabilities for $80 million.
• Inozyme Pharma, Inc. INZY gained 12% to $5.13.
• TG Therapeutics, Inc. TGTX rose 11.6% to $24.66.
• AST SpaceMobile, Inc. ASTS gained 11% to $34.47.
• Valneva SE VALN shares climbed 10.7% to $8.27.
• Inozyme Pharma, Inc. INZY rose 10.7% to $5.07.
• AST SpaceMobile, Inc. ASTS gained 9.4% to $33.95.
• Digital Turbine, Inc. APPS rose 8% to $3.940.
• Symbotic Inc. SYM surged 6.6% to $23.70.
• United Therapeutics Corporation UTHR surged 5.6% to $339.10.
• e.l.f. Beauty, Inc. ELF gained 5.2% to $167.50.
• Amer Sports, Inc. AS rose 5.5% to $12.09.
• KB Financial Group Inc. KB gained 4.2% to $65.35.

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