Aaron's, Mirum Pharmaceuticals, Primo Water And Other Big Stocks Moving Higher On Monday

Author: Avi Kapoor | June 17, 2024 08:59am

U.S. stocks were mostly lower, with the Dow Jones index falling around 0.2% on Monday.

Shares of The Aaron’s Company, Inc. (NYSE:AAN) rose sharply during Monday's session after the company announced that it entered into a definitive agreement to be acquired by IQVentures Holdings.

IQVentures will acquire the company for $10.10 per share in cash, or an enterprise value of approximately $504 million. 

Aaron’s shares jumped 32.2% to $9.97 on Monday.

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

• Xponential Fitness, Inc. (NYSE:XPOF) gained 21.3% to $13.68. Xponential Fitness announced the appointment of Mark King as Chief Executive Officer.
• Lexicon Pharmaceuticals, Inc. (NASDAQ:LXRX) jumped 10.5% to $2.0099. HC Wainwright & Co. analyst Joseph Pantginis initiated coverage on Lexicon Pharmaceuticals with a Buy rating and announced a price target of $10.
• Mirum Pharmaceuticals, Inc. (NASDAQ:MIRM) rose 10.2% to $28.58. Mirum’s Volixibat achieved interim analyses in VANTAGE PBC and VISTAS PSC studies.
• United Homes Group, Inc. (NASDAQ:UHG) gained 9.6% to $7.74.
• Ouster, Inc. (NYSE:OUST) shares climbed 8.5% to $11.21. Ouster Director Virginia Boulet bought a total of 10,000 shares at an average price of $10.30.
• Lufax Holding Ltd (NYSE:LU) gained 8.1% to $2.3787.
• Primo Water Corporation (NASDAQ:PRMW) shares rose 7.8% to $24.08 after the company and BlueTriton agreed to merge.
• Golar LNG Limited (NASDAQ:GLNG) gained 4.8% to $28.75.
• Autodesk, Inc. (NASDAQ:ADSK) rose 4.4% to $235.84 following a report suggesting that Starboard has a $500 million stake in the company.
• Wayfair Inc. (NYSE:W) gained 3% to $54.22.

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Posted In: AAN ADSK GLNG LU LXRX MIRM OUST PRMW UHG W XPOF