5 Top Stock Gainers for Monday: Cooper Tire, American Airlines
Stocks ended mixed Monday as investors mulled expectations of stronger growth and faster inflation.
Here are some of the market's biggest gainers for Monday:
1. Cooper Tire | Percentage Increase 29%
Shares of Cooper Tire (CTB) - Get Report soared after the company agreed to be acquired by Goodyear (GT) - Get Report in a cash-and-stock transaction valued at $2.8 billion.
The deal is expected to close in the second half of 2021.
2. American Airlines | Percentage Increase 9.4%
American Airlines (AAL) - Get Report and other air carriers climbed after Deutsche Bank analyst Michael Linenberg said it was time to buy into the sector as COVID-19 cases, hospitalizations and vaccination rates were all trending in the right direction.
3. Tripadvisor | Percentage Increase 12%
Tripadvisor (TRIP) - Get Report rose after several analysts raised their price targets for the online travel company. Credit Suisse analyst Stephen Ju raised the firm's price target on Tripadvisor to $31 from $25 while keeping a neutral rating on the shares.
4. Royal Caribbean Cruises | Percentage Increase 9.3%
Royal Caribbean (RCL) - Get Report shares rose after the cruise-line operator posted a wider-than-expected fourth-quarter loss and a narrower-than-estimated adjusted loss.
Revenue dropped 99% to $34.1 million from $2.52 billion a year earlier.
5. Kohl's | Percentage Increase 6.2%
Kohl’s (KSS) - Get Report touched 52-week highs for a second trading day as a group of activist investors pressured the department store chain to nominate a slate of its directors to the board.
The group said Kohl's wasn't moving fast enough to streamline operations and turn itself around.