Stocks finished mixed Monday, with the Dow Jones Industrial Average closing at a record, as Wall Street grappled with the uncertainty of the forced liquidation of positions held by U.S.-based hedge fund Archegos Capital.
Here are some of the big movers in the stock market on Monday:
1. Fly Leasing | Increase 27%
Shares of Fly Leasing (FLY) - Get FLY Leasing Ltd. Report jumped after the commercial aircraft leasing company agreed to be purchased by an affiliate of the Washington private-equity firm Carlyle Group (CG) - Get Carlyle Group Inc (The) - Ordinary Shares Report.
The deal is expected to close in the third quarter.
2. Houghton Mifflin Harcourt | Increase 18%
Houghton Mifflin Harcourt (HMHC) - Get Houghton Mifflin Harcourt Company Report rose after News Corp. (NWSA) - Get News Corporation Report agreed to acquire the company's books and media segment for $349 million.
Houghton Mifflin Harcourt said it will now focus on its education segment. The deal is expected to close in the second quarter.
3. Humanigen | Increase 54%
Humanigen (HGEN) - Get Humanigen Inc. Report soared after the biopharma said its lead drug candidate met the main goal of improved survival without the need for mechanical ventilation in patients hospitalized with COVID-19 in a late-stage trial.
The trial had enrolled 520 participants across 29 sites in the U.S. and Brazil.
4. Bluebird Bio | Increase 3.2%
Shares of Bluebird Bio (BLUE) - Get bluebird bio Inc. Report were higher after the company and Bristol-Myers Squibb (BMY) - Get Bristol-Myers Squibb Company Report said the Food and Drug Administration had cleared Abecma as a potential treatment for relapsed or refractory multiple myeloma, a type of blood cancer.
The approval was based on positive results from a Phase 2 trial.
5. Boeing | Increase 2.3%
Boeing (BA) - Get The Boeing Company Report shares gained after Southwest Airlines (LUV) - Get Southwest Airlines Company Report said it added 100 firm orders for Boeing’s 737 MAX 7. That was a sign of confidence for the jet, which was grounded for more than a year following two fatal crashes.