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Corning Increases Sales Forecast, Joins Morphic Holding, Lucid Group And Other Big Stocks Moving Higher On Monday

Benzinga ·  Jul 8 22:19

U.S. stocks were higher, with the Dow Jones index surging around 200 points on Monday.

Shares of Corning Incorporated (NYSE:GLW) rose sharply during Monday's session after the company increased its second-quarter core sales guidance.

The company said it now projects core sales to be approximately $3.6 billion (vs. consensus of $3.41 billion), an increase from the previous guidance of $3.4 billion. Core EPS is expected to reach the high end of, or slightly exceed, the management's guided range of $0.42 to $0.46 (vs. estimate of $0.45).

Corning shares jumped 9.4% to $42.05 on Monday.

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

  • Morphic Holding, Inc. (NASDAQ:MORF) shares gained 75% to $55.72 after Eli Lilly agreed to buy the company for $57 per share in cash.
  • Nikola Corporation (NASDAQ:NKLA) shares climbed 18.5% to $10.65.
  • Grifols, S.A. (NASDAQ:GRFS) rose 17.2% to $8.24 after Brookfield confirmed it held exploratory discussions with certain shareholders of the company in relation to a potential joint offer for Grifols' shares.
  • Pulse Biosciences, Inc. (NASDAQ:PLSE) jumped 17.2% to $14.13 after the company announced it received the Breakthrough Device Designation from the FDA for its Cardiac Surgery System for the ablation of cardiac tissue for the treatment of atrial fibrillation.
  • Newegg Commerce, Inc. (NASDAQ:NEGG) gained 16% to $1.23. Newegg Commerce said the Presale for its tenth annual FantasTech Sales event is now live.
  • NANO Nuclear Energy Inc. (NASDAQ:NNE) shares rose 12.3% to $31.89 after surging 20% on Friday.
  • IDEAYA Biosciences, Inc. (NASDAQ:IDYA) shares climbed 12.1% to $38.41 after the company announced interim Phase 2 monotherapy expansion data for IDE397 in MTAP-deletion urothelial and lung cancer. Additionally, Mizuho initiated coverage on the stock with an Outperform rating.
  • Absci Corporation (NASDAQ:ABSI) rose 12% to $3.55.
  • SolarEdge Technologies, Inc. (NASDAQ:SEDG) gained 11.3% to $27.88 after B of A Securities upgraded the stock from Underperform to Neutral.
  • Polestar Automotive Holding UK PLC (NASDAQ:PSNY) rose 11% to $1.08.
  • Super Micro Computer, Inc. (NASDAQ:SMCI) gained 6.5% to $902.31.
  • Fluence Energy, Inc. (NASDAQ:FLNC) gained 6.2% to $17.61.
  • Lucid Group, Inc. (NASDAQ:LCID) climbed 4.7% to $3.06 after the company reported second-quarter production and deliveries.
  • Tandem Diabetes Care, Inc. (NASDAQ:TNDM) rose 4.7% to $42.33.
  • Paramount Global (NASDAQ:PARAA) climbed 4.6% to $21.41. Paramount Global and Skydance Media inked a definitive agreement to create a new entity, "New Paramount," in a $28 billion merger deal.
  • Intel Corporation (NASDAQ:INTC) rose 3.8% to $33.26. Intel has bypassed Vietnam for a substantial investment project, citing insufficient investment incentives.
  • Rivian Automotive, Inc. (NASDAQ:RIVN) gained 3.8% to $15.35.

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