Iridium Communications, FuelCell Energy, Rocket Lab And Other Big Stocks Moving Higher On Monday

Comcast Corporation Class A
Roblox
Charter Communications, Inc. Class A
Rocket Lab
Axovant Sciences Ltd

Comcast Corporation Class A

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Roblox

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Charter Communications, Inc. Class A

CHTR

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Rocket Lab

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Axovant Sciences Ltd

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U.S. stocks were higher, with the Dow Jones index gaining around 350 points on Monday.

Shares of Iridium Communications Inc (NASDAQ:IRDM) rose sharply after the company announced it will be acquired by Rocket Lab.

Rocket Lab and Iridium Communications announced Monday that they have entered into a definitive agreement under which Rocket Lab will acquire Iridium in a cash-and-stock transaction valued at approximately $8 billion in enterprise value.

Under the agreement, Iridium shareholders will receive $27 in cash plus Rocket Lab shares, subject to an exchange ratio collar, for a total implied value of $54 per share.

Iridium Communications shares jumped 21.3% to $52.78 on Monday.

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

  • Quidelortho Corp (NASDAQ:QDEL) shares jumped 37.3% to $18.92. QuidelOrtho, last week, appointed Micah Young as chief financial officer.
  • FuelCell Energy Inc (NASDAQ:FCEL) gained 24% to $29.75 after the company announced the board of the Export-Import Bank of the United States approved of a $49 million financing package.
  • Ouster Inc (NASDAQ:OUST) jumped 19.7% to $50.34.
  • Viasat Inc (NASDAQ:VSAT) gained 17.6% to $72.87.
  • Swarmer Inc (NASDAQ:SWMR) jumped 17% to $47.97. Swarmer added $1 million in revenue from SkyKnight contract update.
  • Charter Communications Inc (NASDAQ:CHTR) surged 15% to $153.69.
  • Prime Medicine, Inc (NASDAQ:PRME) gained 13.6% to $3.90. HC Wainwright & Co. analyst Arthur He upgraded Prime Medicine from Neutral to Buy and announced a price target of $8.
  • Roblox Corp (NYSE:RBLX) gained 12.8% to $53.69.
  • Satellogic Inc (NASDAQ:SATL) gained 11.3% to $5.14.
  • Churchill Capital Corp XI (NASDAQ:CCXI) gained 11.2% to $15.42.
  • Rocket Lab Corp (NASDAQ:RKLB) rose 10.3% to $93.27 after the company announced its intention to acquire Iridium Communications.
  • Bloom Energy Corp (NYSE:BE) gained 10% to $277.11.
  • Comcast Corp (NASDAQ:CMCSA) jumped 9.8% to $25.43 after the company announced it will separate into two independent publicly traded companies through a tax-free spin-off of NBCUniversal and Sky.
  • Sellas Life Sciences Group Inc (NASDAQ:SLS) gained 9.5% to $13.57.
  • ACM Research Inc (NASDAQ:ACMR) jumped 9.5% to $114.41.
  • Axon Enterprise Inc (NASDAQ:AXON) gained 8.6% to $504.92.
  • Maxlinear Inc (NASDAQ:MXL) gained 7.3% to $103.60.
  • PBF Energy Inc (NYSE:PBF) gained 6.2% to $45.76.

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