Stocks finished sharply lower Monday amid rising coronavirus infections, dimming prospects for another U.S. fiscal stimulus bill and a report on suspicious bank transactions .
Here are some of the big movers in the stock market on Monday:
1. Cubic | Percentage Increase Over 34%
Cubic (CUB) - Get Report jumped after the transport- and defense-systems company said it had adopted a poison pill in response to a takeover approach by hedge fund Elliott Management. Cubic said Elliott informed the company that it owns a 15% stake and, together with a private-equity partner, was interested in acquiring the rest.
2. Roku | Percentage Increase Over 17%
Roku (ROKU) - Get Report jumped after the streaming platform reached a deal to carry NBCUniversal’s Peacock streaming service on its devices. NBCUniversal is owned by Comcast (CMCSA) - Get Report. Analysts reacted positively to the news for both Roku and Comcast.
3. VerifyMe | Percentage Increase Over 15%
VerifyMe VRME climbed after the identity and authentication services provider said its business with a multibillion brand owner will expand beyond the initial contract that was awarded in May 2019. The brand owner asked that its name be withheld for security reasons.
4. Fastly | Percentage Increase Over 10%
Fastly (FSLY) - Get Report rose following news that President Donald Trump was planning to approve a deal that would allow TikTok, the cloud computing service provider's largest customer, to continue operating in the U.S.
5. CleanSpark | Percentage Increase Over 28%
CleanSpark (CLSK) advanced after the software and services company announced the commissioning of its software on a new solar plus storage microgrid project in Costa Rica.