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5 Top Stock Gainers for Monday: Celldex, Sgoco, State Auto

Celldex Therapeutics, Sgoco, State Auto Financial, MoneyGram International and Lionheart Acquisition are five top stock gainers for Monday.
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Stocks closed at records Monday as Wall Street prepared for what is expected to be a robust earnings season, particularly for big U.S. banks as the economy improves.

Here are some of the big movers in the stock market Monday:

1. Celldex Therapeutics | Increase 25%

Celldex Therapeutics  (CLDX) - Get Free Report advanced after the biotech reported progress in a Phase 1b clinical trial of a skin-condition drug and H.C. Wainwright boosted its price target on the stock. 

The trial is for CDX-0159, which treats the two most suffered forms of chronic inducible urticaria, an inflammatory skin ailment.

2. Sgoco | Increase 104%

Shares of Sgoco  (SGOC) - Get Free Report doubled as investors continued to push so-called meme stocks higher on expectations that momentum as well as sales and earnings potential can raise the valuations of lesser-known, lesser-proven companies. 

TheStreet's Jim Cramer urged investors to approach the name with caution.

3. State Auto Financial | Increase 191%

State Auto Financial  (STFC) - Get Free Report shares went gangbusters after the auto insurer agreed to be acquired by insurer Liberty Mutual for $52 a share. 

The price values State Auto, Columbus, Ohio, at about $2.3 billion, judging from Yahoo data. 

State Auto mutual members will become mutual members of Liberty Mutual.

4. MoneyGram International | Increase 0.8%

MoneyGram International  (MGI) - Get Free Report rose after the money transfer company said it was commencing a private offering of $415 million of senior secured notes due 2026. 

MoneyGram said it intends to use the proceeds from the offering and a new secured credit facility to prepay indebtedness under its current senior secured credit facilities.

5. Lionheart Acquisition | Increase 1.5%

Lionheart Acquisition LCAP rose after the special purpose acquisition company announced it was taking MSP Recovery public with a valuation of $32.6 billion. 

Founded in 2014, MSP Recovery specializes in payment recovery for improper payments made to health insurers by Medicare and Medicaid customers.