U.S. stocks were mixed on Monday, with the Dow Jones trading slightly lower.
SoFi Technologies, Inc. (SOFI) shares rose sharply during Monday’s session after the company reported better-than-expected fourth-quarter revenue.
Adjusted revenue increased 34% year-on-year to $594.25 million, beating the consensus of $571.70 million. The adjusted EPS of 2 cents beat the consensus of 0 cents.
SoFi Technologies shares gained 20% to $9.16 on Monday.
Here are some other big stocks recording gains in today’s session.
- Cardlytics, Inc. (CDLX) shares jumped 28% to $7.40 after the company announced it entered into a settlement agreement with SRS and updated preliminary fourth-quarter 2023 results.
- Lucid Group, Inc. (LCID) climbed 23% to $3.2703.
- Fisker Inc. (FSR) rose 12.8% to $0.9063.
- Evolus, Inc. (EOLS) climbed 12.4% to $13.41 after Barclays upgraded the stock from Equal-Weight to Overweight and raised its price target from $10 to $16.
- Tarsus Pharmaceuticals, Inc. (TARS) rose 10.2% to $28.43.
- McGrath RentCorp (MGRC) gained 9.7% to $122.60 after WillScot Mobile Mini agreed to acquire the company for $3.8 billion.
- Pagaya Technologies Ltd. (PGY) climbed 9.6% to $1.26. Pagaya Technologies recently said it expects preliminary 2023 network volume and adjusted EBITA to exceed the high end of its outlook ranges.
- Horace Mann Educators Corporation (HMN) rose 9% to $38.13. Keefe, Bruyette & Woods analyst Meyer Shields upgraded Horace Mann Educators from Market Perform to Outperform.
- CleanSpark, Inc. (CLSK) gained 8.8% to $8.72.
- Waldencast plc (WALD) rose 7.8% to $8.27.
- Wheels Up Experience Inc. (UP) jumped 7.1% to $3.32.
- ZoomInfo Technologies Inc. (ZI) gained 6.7% to $16.94 after B of A Securities upgraded the stock from Neutral to Buy and raised its price target from $20 to $25.
- Coinbase Global, Inc. (COIN) rose 6.2% to $132.92.
- Marathon Digital Holdings, Inc. (MARA) gained 5.5% to $18.83.
- Rumble Inc. (RUM) gained 5% to $6.34.
- Levi Strauss & Co. (LEVI) rose 3.5% to $16.50. Levi Strauss & Co reported upbeat earnings for its fourth quarter on Thursday.
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