Stocks finished sharply lower Monday as investors confronted concerns about a global surge in the number of Covid-19 omicron infections.
1. Carnival Cruise Lines | Increase 3.4%
Carnival Cruise Lines (CCL) - Get Carnival Corporation Report shares rose after the company said the Covid omicron variant has hurt near-term bookings, but demand for cruises late next year and in 2023 suggest that the impact from new coronavirus variants could be short-lived. The cruise operator also missed fourth-quarter revenue estimates.
2. BP Midstream Partners | Increase 13%
Shares of BP Midstream Partners LP (BPMP) - Get BP Midstream Partners LP Report surged after energy giant BP (BP) - Get BP Plc Report said it would acquire the stake in its U.S. pipelines partnership that it doesn't already own in a deal valued at more than $700 million. BP already owns roughly 54% of the partnership, Reuters said, citing Refinitiv data.
3. Bluerock Residential Growth REIT | Increase 76%
Bluerock Residential Growth REIT (BRG) - Get Bluerock Residential Growth REIT Inc Class A Report shares skyrocketed after Blackstone agreed to buy the real estate investment trust for $3.6 billion. Blackstone will acquire 30 multifamily properties comprising roughly 11,000 units as well as a loan book secured by 24 multifamily assets.
4. Verso | Increase 35%
Shares of Verso (VRS) - Get Verso Corp Class A Report surged after Sweden's BillerudKorsnas said it would buy the coated-paper producer Verso for around $825 million cash. BillerudKorsnas said it would finance the acquisition through a combination of a rights issue of up to 3.5 billion crowns ($382.5 million), additional debt and operating cash flow, Reuters reported.
5. Roivant | Increase 19%
Roivant (ROIV) - Get ROIVANT SCIENCES LTD. Report powered higher days after Nanome, a virtual-reality-software company, executed its largest deployment to date with Roivant Discovery, Roivant's drug-discovery engine.