Estée Lauder Posts Upbeat Earnings, Joins ON Semiconductor, Tyson Foods And Other Big Stocks Moving Higher On Monday

U.S. stocks traded lower, with the Dow Jones falling over 300 points on Monday.

Shares of The Estée Lauder Companies Inc. EL rose sharply during Monday’s session after the company reported better-than-expected second-quarter financial results and announced a restructuring program, which includes an estimated net reduction of roughly 3 to 5 percent of its positions as of June 30, 2023.

Estée Lauder shares gained 14% to $152.93 on Monday.

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

• 4D Molecular Therapeutics, Inc. FDMT jumped 100.9% to $35.13 after the company announced interim data from the Phase 2 PRISM clinical trial evaluating intravitreal 4D-150 in wet AMD patients with severe disease activity and a high treatment burden.
• Everbridge, Inc. EVBG shares surged 18.2% to $28.13 after the company announced it will be acquired by Thoma Bravo for $1.5 billion.
• MorphoSys AG MOR rose 15.7% to $12.81.
• Core Scientific, Inc. CORZ jumped 10.3% to $3.29. Core Scientific produced 13,762 Bitcoin in 2023.
• Digital World Acquisition Corp. DWAC rose 10.1% to $44.68.
• Catalent, Inc. CTLT climbed 10% to $59.97 after the company announced it will be acquired by Novo Holdings.
• Napco Security Technologies, Inc. NSSC rose 8.5% to $38.86 following second-quarter results.
• Super Micro Computer, Inc. SMCI jumped 7.6% to $623.84.
• ON Semiconductor Corporation ON gained 7.3% to $75.97 after the company reported better-than-expected fourth-quarter financial results.
• Elanco Animal Health Incorporated ELAN surged 6% to $15.61 after the company announced the sale of its aqua business to Merck Animal health for $1.3 billion.
• Haynes International, Inc. HAYN gained 6% to $59.49 as the company penned a deal to be acquired by North American Stainless, a wholly owned subsidiary of Acerinox, for an enterprise value of about $970 million.
• CNA Financial Corporation CNA gained 5.2% to $45.59 after it reported fourth-quarter FY23 results.
• Eli Lilly and Company LLY rose 5.2% to $702.38. Eli Lilly and Company is expected to release earnings results for its fourth quarter, before the opening bell on Feb. 6, 2024.
• Tyson Foods, Inc. TSN gained 3.5% to $58.32 after the company reported better-than-expected first-quarter financial results and issued guidance.

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