ARQT - Biggest stock movers today: Arcutis Biotherapeutics Ebix and more

2023-12-18 06:09:25 ET

Stock futures inched higher on Monday after the three major averages notched their seven-week winning streak Friday amid an indication that the Fed could slash interest rates at least three times next year and four cuts in 2025.

Here are some of Monday's biggest stock movers:

Biggest stock gainers

• Shares of Arcutis Biotherapeutics ( ARQT ) rose over 24% in early trading Monday after the FDA approved the company’s drug Zoryve, also known as roflumilast, for the treatment of seborrheic dermatitis in people aged 9 years or older.

• ZIM Integrated Shipping Services ( ZIM ) leads shipping and container stocks higher this morning, following a week-long rally in the sector. In premarket trading, the stock has soared by 5.50% , propelled by increased prices and the promise of potential profits amidst mounting tensions in the Red Sea .

Biggest stock losers

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