U.S. stocks were mixed, with the Dow Jones index gaining around 100 points on Monday.
Shares of TriCo Bancshares (NASDAQ:TCBK) rose sharply after the company announced it will be acquired by First Hawaiian, Inc. (NASDAQ:FHB).
First Hawaiian and TriCo Bancshares announced they have entered into a definitive agreement pursuant to which First Hawaiian will acquire TriCo in an all-stock transaction.
TriCo Bancshares shares jumped 10% to $59.00 on Monday.
Here are some other big stocks recording gains in today’s session.
- Braiin Ltd (NASDAQ:BRAI) shares jumped 24.7% to $6.88 after the company announced the release of ARIA.
- Verra Mobility Corp (NASDAQ:VRRM) gained 13.5% to $4.68. JP Morgan analyst Tomohiko Sano upgraded Verra Mobility from Underweight to Neutral and raised the price target from $5 to $6.
- Robo.ai Inc (NASDAQ:AIIO) rose 9.2% to $3.64.
- Conmed Corp (NASDAQ:CNMD) gained 9% to $42.00.
- Helen of Troy Ltd (NASDAQ:HELE) rose 7.2% to $28.23.
- Kronos Worldwide, Inc. (NYSE:KRO) gained 7% to $6.30.
- SM Energy Co (NYSE:SM) shares jumped 6.6% to $29.60. SM Energy said it will release second quarter financial and operating results after the closing bell on Aug. 5.
- Greenfire Resources Ltd (NYSE:GFR) gained 6.5% to $5.94 as the company announced intention to conduct rights offering.
- Gevo Inc (NASDAQ:GEVO) surged 6.2% to $1.54.
- Par Pacific Holdings Inc (NYSE:PARR) gained 6.1% to $69.80.
- OIO Group (NASDAQ:OIO) rose 5.9% to $2.35.
- Park Aerospace Corp (NYSE:PKE) gained 5.3% to $35.46. Needham analyst James Ricchiuti initiated coverage on Park Aerospace with a Buy rating and announced a price target of $43.
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