The S&P 500 and the Nasdaq closed at records Monday as investors geared up for a key meeting of the Federal Reserve later this week.
Here are some of the big movers in the stock market on Monday:
1. Corsair Gaming | Increase 11%
Last month, Corsair posted first-quarter earnings of $80 million on revenue of $529 million thanks to surging growth in its gaming and peripherals business.
2. Riot Blockchain | Increase 14%
Riot Blockchain (RIOT) - Get Report and other cryptocurrency-focused stocks traded higher as the price of Bitcoin jumped. Tesla Chief Executive Elon Musk said (TSLA) - Get Report the EV maker would again allow transactions in the digital currency once it is more cleanly mined.
Musk said in a tweet that he wants miners to use about 50% clean energy.
3. Torchlight Energy Resources | Increase 15%
Metamaterial shareholders are expected to own 75% of the combined company, while Torchlight shareholders get 25%.
4. MicroStrategy | Increase 16%
Shares of MicroStrategy (MSTR) - Get Report surged after the analytics software and services provider said it had completed an offer of $500 million in secured notes at an annual interest rate of 6.125%.
Last week, the Bitcoin Mining Council, led by MicroStrategy CEO Michael Saylor, made its debut.
5. Sorrento Therapeutics | Increase 6.7%
Sorrento Therapeutics (SRNE) - Get Report shares jumped after the biopharma said it had entered a research collaboration with Mayo Clinic to conduct human clinical proof of concept studies using the Sofusa Lymphatic Drug Delivery System technology.
Sofusa is a drug delivery platform that delivers biologic therapies through the skin and directly into the lymphatic system.