IQIYI, Compass Diversified, Sigma Lithium And Other Big Stocks Moving Higher On Monday

U.S. stocks were higher, with the Dow Jones index gaining more than 400 points on Monday.

Shares of IQIYI Inc – ADR (NASDAQ:IQ) rose sharply during Monday's session after the company announced a $100 million share buyback. Also, the company has submitted a listing application form to the Hong Kong Stock Exchange.

IQIYI shares jumped 10% to $1.32 on Monday.

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

• Compass Diversified Holdings (NYSE:CODI) surged 17.4% to $7.84 after the company announced it will sell the food service business of its majority-owned subsidiary, SternoCandleLamp Holdings, to Archer Foodservice Partners.
• United Therapeutics Corp (NASDAQ:UTHR) jumped 14.7% to $599.64 after the company announced that its TETON-1 study evaluating the use of nebulized Tyvaso for the treatment of idiopathic pulmonary fibrosis met its primary efficacy endpoint.
• Sigma Lithium Corp (NASDAQ:SGML) gained 13% to $11.82 after the company reported a year-over-year increase in fourth-quarter financial results.
• Calumet Inc (NASDAQ:CLMT) gained 11.3% to $35.68 after HC Wainwright & Co maintained a Buy rating on the stock and raised its price target from $33 to $60.
• TRON Inc (NASDAQ:TRON) jumped 11.1% to $2.41.
• Alcoa Corp (NYSE:AA) gained 10.5% to $64.54. Shares of aluminum-related companies traded higher amid concerns over looming shortages of the metal due to curbs on Middle East exports stemming from the Strait of Hormuz security situation.
• Bath & Body Works Inc (NYSE:BBWI) gained 10.1% to $18.51.
• Kopin Corp (NASDAQ:KOPN) surged 9.2% to $1.98.
• Century Aluminum Co (NASDAQ:CENX) gained 9.1% to $54.16. Shares of aluminum-related companies traded higher amid concerns over looming shortages of the metal due to curbs on Middle East exports stemming from the Strait of Hormuz security situation.
• Gevo Inc (NASDAQ:GEVO) rose 8.9% to $2.74. Gevo announced it is developing plans for major ethanol expansion at Richardton, North Dakota facility.
• Iperionx Ltd (NASDAQ:IPX) gained 8.2% to $25.04.
• Palo Alto Networks Inc (NASDAQ:PANW) jumped 7.2% to $157.52. Cybersecurity stocks traded higher today as the sector rebounds following Friday’s selloff tied to concerns that Anthropic’s Claude Mythos AI tool could identify and exploit software vulnerabilities.
• Vista Energy SAB de CV – ADR (NYSE:VIST) gained 6.4% to $78.96.
• Zscaler Inc (NASDAQ:ZS) gained 5.5% to $140.52.
• Okta Inc (NASDAQ:OKTA) jumped 5.5% to $77.28.

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