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WISH - CymaBay Therapeutics ContextLogic Snap And Other Big Stocks Moving Higher On Monday | Benzinga

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  • February, 12 2024 03:22 PM
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U.S. stocks were mixed, with the Nasdaq Composite trading almost flat on Monday.

Shares of CymaBay Therapeutics, Inc. (NASDAQ: CBAY) rose sharply in today’s pre-market trading.

Gilead Sciences agreed to acquire CymaBay Therapeutics for $32.50 per share in cash or a total equity value of $4.3 billion.

CymaBay Therapeutics shares jumped 24.5% to $31.99 on Monday.

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

  • ContextLogic Inc. (NASDAQ: WISH) climbed 40.2% to $6.31 after the company announced an agreement to sell substantially all of its operating assets and liabilities to Qoo10 for approximately $173 million in cash.
  • Iris Energy Limited (NASDAQ: IREN) gained 18% to $7.01.
  • Viavi Solutions Inc. (NASDAQ: VIAV) rose 14.1% to $10.16. Stifel analyst Ruben Roy upgraded Viavi Solutions from Hold to Buy and raised the price target from $10 ...

Full story available on Benzinga.com

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