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 Celldex Therapeutics, Inc. 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 SGOCO Group Ltd. 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%
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 MoneyGram International, Inc. 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.