Stocks ended sharply Monday amid stalled stimulus negotiations, rising coronavirus infections, and the impending presidential elections.
Here are some of the market's biggest gainers for Monday:
1. Dunkin' | Percentage Increase Over 16%
Dunkin' (DNKN) shares moved up after the Dunkin' Donuts and Baskin-Robbins operator said it was looking at a potential $9 billion sale to Inspire Brands, which owns several chains including Arby's. The cost negotiated to take Dunkin' private is a share price of $106.50, according to the New York Times.
2. Silvergate Capital | Percentage Increase Over 8%
Silvergate Capital (SI) climbed after the financial services company beat Wall Street's third-quarter earnings expectations. Net income for the quarter was $7.1 million, or 37 cents per share, compared with net income of $6.7 million, or 36 cents, in the year-earlier period.
3. Mirati Therapeutics | Percentage Increase Over 9%
Mirati Therapeutics (MRTX) advanced after the clinical-stage oncology company reported positive preliminary data on Sunday from Phase 1/2 clinical studies of adagrasib, an experimental drug designed to treat advanced non-small-cell lung cancer. Several analysts raised their price targets following the announcement.
4. Canon | Percentage Increase Over 7%
Canon (CAJ) rose after the Tokyo camera and office machine maker beat Wall Street's third-quarter earnings estimates. Earnings per share were down 35% over the past year to $0.15, which beat the estimate of $0.01. Revenue was down 11% but still exceeded analysts' forecasts.
5. AnaptysBio | Percentage Increase Over 7%
Shares of AnaptysBio (ANAB) were climbing after the biotech said it had amended its agreement with GlaxoSmithKline (GSK) . The deal provides AnaptysBio with increased royalties on sales of the anti-tumor drug dostarlimab, a royalty on GSK’s Zejula and a one-time cash payment. Zejula treats epithelial ovarian, fallopian tube, or primary peritoneal cancer.