Here are some of the big movers in the stock market on Monday:
1. Vector Acquisition | Percentage Increase 36%
Vector Acquisition VACQ jumped after Rocket Lab USA said it would go public through a merger with the special-purpose-acquisition company in a deal valued at $4.1 billion.
The transaction is expected to close in the second quarter.
2. Boingo Wireless | Percentage Increase 25%
The deal's value was about $845 million, including Digital Colony's assumption of about $199 million of Boingo's net debt.
3. NRG Energy | Percentage Increase 11%
NRG said the financial impact of Winter Storm Uri appeared to be within its current guidance range.
4. Cars.com | Percentage Increase 22%
While noting that he "missed the 'easy' reopening trade a couple of quarters ago," Kurnos said he views Cars.com as a "reopening value name which we still think has legs from here."
5. Groupon | Percentage Increase 33%
Groupon (GRPN) surged after the online marketpla3e was upgraded to neutral from underweight by J.P. Morgan analyst Douglas Anmuth.
The analyst, who has a $48 price target on the stock, said Groupon's initial inventory test was successful.