Here are some of the market's biggest gainers for Monday:
1. Tesla | Increase 13%
Tesla shares surged after Morgan Stanley raised its price target on the electric-vehicle maker following record third-quarter profit and deliveries. Tesla also received an order for 100,000 of its electric vehicles, valued at $4.4 billion, from rental-car icon Hertz Global..
2. PayPal | Increase 2.7%
Shares of PayPal (PYPL) - Get PayPal Holdings Inc Report climbed after the financial services company said it was not pursing an acquisition of the image-sharing social-media platform Pinterest (PINS) - Get Pinterest, Inc. Class A Report. Bloomberg had reported PayPal was close to making an approach for the company at $70 a share, which valued Pinterest at close to $40 billion.
3. Crocs | Increase 3.9%
Crocs (CROX) - Get Crocs, Inc. Report shares traded higher after UBS analyst Jay Sole raised his price target on the casual-shoe maker to $175 from $157, while affirming a neutral rating, citing the company's "strong" third-quarter earnings beat. On Friday, Stifel analyst Jim Duffy boosted his price target on Crocs to $157 from $151 and kept a hold rating after what he called "another quarter of impressive performance."
4. Lucid Group | Increase 11%
Lucid Group (LCID) - Get Lucid Motors Report shares rose after the electric-vehicle company tweeted a picture of the first Air Dream Edition sedans leaving its Casa Grande factory in Arizona. Over 13,000 reservations have been placed to date, Fortune reported, with a planned production rate of 34,000 cars annually in the company’s launch phase.
5. Pae | Increase 68%
Shares of Pae (PAE) skyrocketed after the provider of services to the U.S. government and its allies agreed to be acquired by a unit of Amentum Government Services Holdings.