Marketdash

Big Monday Movers: Leggett & Platt Surges on Acquisition Offer as Market Dips

MarketDash Editorial Team
20 days ago
While the Dow Jones dropped 250 points on Monday, several stocks bucked the trend with notable gains. Leggett & Platt jumped over 13% on an acquisition proposal, while New Fortress Energy and Bausch Health climbed on corporate developments.

U.S. markets had a rough Monday, with the Dow Jones falling around 250 points. But not every stock got the memo.

The biggest winner of the day was Leggett & Platt Inc (LEG), which surged after Somnigroup International Inc (SGI) proposed acquiring all outstanding shares in an all-stock transaction. Under the terms, LEG shareholders would receive Somnigroup stock valued at $12.00 per LEG share based on a fixed exchange ratio. The market liked what it saw—Leggett & Platt shares jumped 13.4% to $11.64.

But plenty of other stocks recorded impressive gains despite the broader market weakness.

Monday's Biggest Movers

Coincheck Group NV (CNCK) led the pack with a massive 45.4% surge to $4.71, while GDEV Inc (GDEV) wasn't far behind, gaining 33.3% to $22.94.

New Found Gold Corp (NFGC) rose 18.7% to $2.86, and New Fortress Energy Inc (NFE) gained 18% to $1.44 as investors digested news of the conditional approval of a large liquified natural gas supply contract.

Bausch Health Companies Inc (BHC) climbed 15.3% to $7.30 after announcing its global aesthetic business, Solta Medical, acquired Wuhan Shibo Zhenmei Technology.

Jyong Biotech Ltd (MENS) gained 14% to $30.98, while T1 Energy Inc (TE) shares climbed 10.6% to $4.54.

Meihua International Medical Tech Co Ltd (MHUA) gained 10.4% to $13.12, and Bath & Body Works Inc (BBWI) rose 10.1% to $19.16.

Ashland Inc (ASH) added 9.6% to $57.50, while Wolfspeed Inc (WOLF) gained 8.5% to $22.04 after announcing it received $698.6 million in cash tax refunds from the Internal Revenue Service.

Rounding out the list, Community Health Systems Inc (CYH) gained 7.6% to $3.74, and Chagee Holdings Ltd (CHA) rose 7.4% to $16.10.

It's a reminder that even on down days for the broader market, individual stories can drive significant moves for specific stocks.

Big Monday Movers: Leggett & Platt Surges on Acquisition Offer as Market Dips

MarketDash Editorial Team
20 days ago
While the Dow Jones dropped 250 points on Monday, several stocks bucked the trend with notable gains. Leggett & Platt jumped over 13% on an acquisition proposal, while New Fortress Energy and Bausch Health climbed on corporate developments.

U.S. markets had a rough Monday, with the Dow Jones falling around 250 points. But not every stock got the memo.

The biggest winner of the day was Leggett & Platt Inc (LEG), which surged after Somnigroup International Inc (SGI) proposed acquiring all outstanding shares in an all-stock transaction. Under the terms, LEG shareholders would receive Somnigroup stock valued at $12.00 per LEG share based on a fixed exchange ratio. The market liked what it saw—Leggett & Platt shares jumped 13.4% to $11.64.

But plenty of other stocks recorded impressive gains despite the broader market weakness.

Monday's Biggest Movers

Coincheck Group NV (CNCK) led the pack with a massive 45.4% surge to $4.71, while GDEV Inc (GDEV) wasn't far behind, gaining 33.3% to $22.94.

New Found Gold Corp (NFGC) rose 18.7% to $2.86, and New Fortress Energy Inc (NFE) gained 18% to $1.44 as investors digested news of the conditional approval of a large liquified natural gas supply contract.

Bausch Health Companies Inc (BHC) climbed 15.3% to $7.30 after announcing its global aesthetic business, Solta Medical, acquired Wuhan Shibo Zhenmei Technology.

Jyong Biotech Ltd (MENS) gained 14% to $30.98, while T1 Energy Inc (TE) shares climbed 10.6% to $4.54.

Meihua International Medical Tech Co Ltd (MHUA) gained 10.4% to $13.12, and Bath & Body Works Inc (BBWI) rose 10.1% to $19.16.

Ashland Inc (ASH) added 9.6% to $57.50, while Wolfspeed Inc (WOLF) gained 8.5% to $22.04 after announcing it received $698.6 million in cash tax refunds from the Internal Revenue Service.

Rounding out the list, Community Health Systems Inc (CYH) gained 7.6% to $3.74, and Chagee Holdings Ltd (CHA) rose 7.4% to $16.10.

It's a reminder that even on down days for the broader market, individual stories can drive significant moves for specific stocks.