U.S. stocks were mixed, with the Dow Jones index gaining around 200 points on Thursday.
Shares of Penske Automotive Group, Inc. (NYSE:PAG) rose sharply after the company announced a $16.3 billion deal to go private.
Under the agreement announced Thursday, Penske Corporation and Japan’s Mitsui & Co., Ltd. will acquire the remaining shares they do not already own for $212 per share in cash.
Penske Automotive shares jumped 8.5% to $211.25 on Wednesday.
Here are some other big stocks recording gains in today’s session.
- OPKO Health Inc (NASDAQ:OPK) shares jumped 13.2% to $1.55 after Labcorp agreed to acquire select assets of OPKO’s subsidiary BioReference Health for $722 million in cash plus a potential $150 million earnout.
- Dream Finders Homes Inc (NYSE:DFH) gained 12.6% to $8.35.
- Indaptus Therapeutics Inc (NASDAQ:INDP) surged 11.7% to $2.47.
- Adlai Nortye Group Ltd (NASDAQ:ANL) gained 11.2% to $12.11. Adlai Nortye Group entered into clinical trial collaboration and supply agreements with Eli Lilly and Merck KGaA for the ERBITUX anti-EGFR antibody.
- Sonic Automotive Inc (NYSE:SAH) rose 8.8% to $65.35. Sonic Automotive announced it will release fiscal 2026 third quarter financial results on Thursday, Oct. 29.
- LB Pharmaceuticals Inc (NASDAQ:LBRX) gained 8.6% to $36.94.
- Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) surged 8.5% to $10.38 after the company reported better-than-expected quarterly financial results.
- Winmark Corp (NASDAQ:WINA) rose 8.2% to $322.41.
- Katapult Holdings, Inc. (NASDAQ:KPLT) gained 8.1% to $5.32.
- The Campbell’s Company (NASDAQ:CPB) jumped 6.7% to $20.30.
- Group 1 Automotive, Inc. (NYSE:GPI) rose 6.7% to $243.80.
- Lithia Motors, Inc. (NYSE:LAD) rose 6.7% to $299.00.
- Asbury Automotive Group, Inc. (NYSE:ABG) gained 6.5% to $172.34.
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