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  • ZIM Integrated Shipping Services Posts Upbeat Earnings, Joins FuboTV, Foghorn Therapeutics And Other Big Stocks Moving Higher On Monday

ZIM Integrated Shipping Services Posts Upbeat Earnings, Joins FuboTV, Foghorn Therapeutics And Other Big Stocks Moving Higher On Monday

Benzinga ·  Aug 19 22:25

U.S. stocks were higher, with the Dow Jones index gaining around 100 points on Monday.

Shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) rose sharply during Monday's session after the company reported better-than-expected second-quarter financial results and raised its FY24 guidance.

ZIM Integrated Shipping reported a second-quarter sales increase of 48% Y/Y to $1.93 billion, beating the consensus of $1.80 billion. The Haifa, Israel-based company generated an EPS of $3.08, vs a loss of $1.79 last year, beating the consensus of $1.66.

ZIM Integrated Shipping Services shares jumped 19.6% to $22.80 on Monday.

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

  • fuboTV Inc. (NYSE:FUBO) shares jumped 29% to $1.9700 after a judge temporarily blocked the Fox-Disney-Warner streaming venture, Venu.
  • Foghorn Therapeutics Inc. (NASDAQ:FHTX) gained 20.9% to $7.57. Evercore ISI Group analyst Gavin Clark-Gartner initiated coverage on Foghorn Therapeutics with an Outperform rating and announced a price target of $20.
  • Lyell Immunopharma, Inc. (NASDAQ:LYEL) rose 13.7% to $1.3879. HC Wainwright & Co. analyst Mitchell Kapoor reiterated Lyell Immunopharma with a Neutral and maintained a $1 price target.
  • Xperi Inc. (NYSE:XPER) shares jumped 13.7% to $8.59 after the company announced that it entered into an agreement with Amazon.com services for the sale of nearly all assets and some liabilities for $80 million.
  • Inozyme Pharma, Inc. (NASDAQ:INZY) gained 12% to $5.13.
  • TG Therapeutics, Inc. (NASDAQ:TGTX) rose 11.6% to $24.66.
  • AST SpaceMobile, Inc. (NASDAQ:ASTS) gained 11% to $34.47.
  • Valneva SE (NASDAQ:VALN) shares climbed 10.7% to $8.27.
  • Inozyme Pharma, Inc. (NASDAQ:INZY) rose 10.7% to $5.07.
  • AST SpaceMobile, Inc. (NASDAQ:ASTS) gained 9.4% to $33.95.
  • Digital Turbine, Inc. (NASDAQ:APPS) rose 8% to $3.940.
  • Symbotic Inc. (NASDAQ:SYM) surged 6.6% to $23.70.
  • United Therapeutics Corporation (NASDAQ:UTHR) surged 5.6% to $339.10.
  • e.l.f. Beauty, Inc. (NYSE:ELF) gained 5.2% to $167.50.
  • Amer Sports, Inc. (NYSE:AS) rose 5.5% to $12.09.
  • KB Financial Group Inc. (NYSE:KB) gained 4.2% to $65.35.

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