GameStop, Squarespace, Incyte And Other Big Stocks Moving Higher On Monday

U.S. stocks were higher, with the Dow Jones gaining more than 90 points on Monday.

Shares of GameStop Corp. GME rose sharply during Monday's session amid possible retail investor interest following a social media post by Roaring Kitty.

"Roaring Kitty," a.k.a Keith Gill, a social media persona whose online posts reportedly sparked a trading frenzy in the so-called ‘meme stock' in early 2021, returned on X.com (formerly Twitter) after three years. GameStop stock also gained on Friday on heavy volume as traders circulated a screenshot of The Roaring Kitty's X account showing the account liked a post from February, referencing the film, "Run, Lola, Run.

GameStop shares surged 81.6% to $31.70 on Monday.

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

• NWTN Inc. NWTN rose 28.9% to $4.77.
• AMC Entertainment Holdings, Inc. AMC climbed 21% to $3.48.
• Beyond, Inc. BYON rose 20% to $20.23. Beyond Director Joseph J Tabacco Jr acquired a total of 12,400 shares  an average price of $16.01.
• Recursion Pharmaceuticals, Inc. RXRX climbed 16.4% to $10.01. Recursion announced completion of NVIDIA-Powered BioHive-2 AI Pharma Supercomputer.
• iRobot Corporation IRBT gained 16.4% to $13.06. iRobot, last week, reported better-than-expected first-quarter financial results.
• SunPower Corporation SPWR rose 15.7% to $2.66.
• AMC Networks Inc. AMCX jumped 14% to $15.17. AMC Networks, last week, reported a fiscal first-quarter 2024 revenue decline of 16.9% year over year to $596.46 million, missing the analyst consensus estimate of $602.60 million.
• Lucid Group, Inc. LCID climbed 13.7% to $3.0250.
• Nauticus Robotics, Inc. KITT rose 13.6% to $0.1659
• Squarespace, Inc. SQSP rose 13.1% to $43.21. Squarespace announced today that it has agreed to go private in a deal with global private equity firm Permira, in a transaction valued at over $6.6 billion on an equity value basis and approximately $6.9 billion on an enterprise value basis.
• ZEEKR Intelligent Technology Holding Limited ZK gained 12.7% to $31.84 amid post-IPO volatility.
• Spirit Airlines, Inc. SAVE gained 12.2% to $4.2650.
• Novavax Inc NVAX climbed 12.1% to $9.95. Novavax shares jumpd 99% on Friday after the company and Sanofi announced a co-exclusive licensing agreement to commercialize a COVID-19 vaccine and develop COVID-influenza combination vaccines.
• Medical Properties Trust, Inc. MPW rose 11.9% to $5.35. The company reported weak quarterly sales last week.
• QuantumScape Corporation QS gained 11.2% to $6.00.
• Reddit, Inc. RDDT rose 10.9% to $59.37.
• VinFast Auto Ltd. VFS gained 10.8% to $3.35.
• NIO Inc. NIO rose 10.8% to $5.62. Nio's CEO William Li has reportedly purchased a vehicle from its rival EV maker XPeng.
• Rivian Automotive, Inc. RIVN gained 10.3% to $11.02.
• Kohl’s Corporation KSS climbed 10.3% to $26.41.
• Incyte Corporation INCY gained 9.1% to $57.91 after the company approved a $2 billion share buyback authorization.
• Upstart Holdings, Inc. UPST rose 8.7% to $27.59.
• Bloom Energy Corporation BE gained 8% to $12.05. Bloom Energy, last week, reported quarterly losses of 17 cents per share which missed the analyst consensus estimate of losses of 11 cents by 54.55%.
• Wayfair Inc. W gained 6.9% to $75.60.
• Robinhood Markets, Inc. HOOD climbed 6.6% to $17.30.
• JD.com, Inc. JD rose 6.4% to $34.27.
• Groupon, Inc. GRPN shares gained 5% to $13.60. Groupon shares jumped around 24% on Friday after the company reported better-than-expected first-quarter results.

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