Wolfspeed, Genesco, PacWest Bancorp And Other Big Stocks Moving Higher On Monday

U.S. stocks traded mixed, with the Nasdaq Composite gaining around 60 points on Monday. Here are some big stocks recording gains in today’s session.

• MoonLake Immunotherapeutics MLTX jumped 75% to $45.50 after the company's Phase 2 study for Nanobody sonelokimabint met its primary endpoint in hidradenitis suppurativa.
• Acelyrin, Inc. SLRN shares jumped 35% to $23.81.
• ORIC Pharmaceuticals, Inc. ORIC gained 17% to $7.59. ORIC Pharmaceuticals announced $85 million private placement financing.
• Identiv, Inc. INVE rose 15.7% to $8.31. B. Riley Securities upgraded Identiv from Neutral to Buy and raised the price target from $10 to $11.
• SL Green Realty Corp. SLG surged 15.5% to $27.19.
• Lucid Group, Inc. LCID climbed 13% to $6.18 after the company announced a technology partnership with Aston Martin to integrate, supply Lucid's electric vehicle powertrain and battery systems in contracts worth in excess of $450 million.
• Faraday Future Intelligent Electric Inc. FFIE gained 12.7% to $0.2556.
• Altice USA, Inc. ATUS rose 11.7% to $2.38.
• Vornado Realty Trust VNO climbed 10.5% to $16.08.
• IonQ, Inc. IONQ gained 10.1% to $10.32. Needham maintained IonQ with a Buy and raised the price target from $9 to $11.
• PacWest Bancorp PACW climbed 10% to $7.95 after Ares Management acquired the bank's $3.5 billion specialty finance loan portfolio.
• Weave Communications, Inc. WEAV surged 9.5% to $10.00 after Loop Capital upgraded the stock from Hold to Buy and raised its price target from $5 to $13.
• Canopy Growth Corporation CGC gained 9.1% to $0.5651.
• Ispire Technology Inc. ISPR jumped 8.4% to $7.59.
• Belite Bio, Inc BLTE rose 8% to $12.18.
• Genesco Inc. GCO surged 7.3% to $25.68. Genesco said its board of directors had authorized a $50 million increase to its existing $200 million share repurchase authorization.
• Structure Therapeutics Inc. GPCR gained 7.1% to $31.40.
• Coinbase Global, Inc. COIN climbed 7% to $65.74. The US Supreme Court ruled for the company in its bid to halt court proceedings as the company seeks to move customer litigation into arbitration.
• Wolfspeed, Inc. WOLF gained 6.6% to $52.71 after the company received a $1.25 billion investment led by Apollo.

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