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U.S. stocks closed lower with the Dow Jones dropping more than 300 points on Monday. Here is the list of some big stocks recording gains in the previous session.
- Melco Resorts & Entertainment Limited MLCO rose 25.5% to close at $6.65 after Macau officials signaled that COVID-19 travel restrictions will be lifted. Citigroup analyst George Choi also maintained Melco with a Buy rating and raised the price target from $11 to $11.50.
- Inpixon INPX jumped 21.5% to close at $0.1407 after the company announced it signed a definitive merger agreement with KINS Technology for KINS to acquire Inpixon’s enterprise apps business.
- Wynn Resorts, Limited WYNN gained 12% to close at $66.80 after Macau officials signaled that COVID-19 travel restrictions will be lifted. Citigroup analyst George Choi also maintained Wynn with a Buy rating and raised the price target from $87.50 to $91.
- Las Vegas Sands Corp. LVS climbed 11.8% to close at $39.66 after Macau officials signaled that COVID-19 travel restrictions will be lifted. Citigroup analyst George Choi also maintained Las Vegas Sands with a Buy rating and raised the price target from $58 to $60.
- New Oriental Education & Technology Group Inc. EDU gained 9.7% to close at $24.17.
- Chegg, Inc. CHGG climbed 9.1% to close at $20.67 after Needham upgraded the stock from Hold to Buy.
- Cohn Robbins Holdings Corp. CRHC rose 8.3% to settle at $9.93. Allwyn AG and Cohn Robbins Holdings have mutually agreed not to proceed with their earlier proposed business combination.
- Leslie’s, Inc. LESL gained 8.3% to close at $14.57 following an announcement that the company will be included in the S&P SmallCap 600 index.
- Mister Car Wash, Inc. MCW gained 7.7% to close at $9.29 following news the company will replace ExlService Holdings in the S&P SmallCap 600.
- H World Group Limited HTHT jumped 6.2% to close at $35.30.
- Li Auto Inc. LI gained 5.6% to settle at $26.39 as the stock reversed following earlier weakness. The stock fell after the company cut its Q3 vehicle delivery outlook. Broader Chinese stocks are also up amid hopes of China easing COVID-era travel restrictions.
- Trip.com Group Limited TCOM surged 5.3% to close at $27.37 amid loosened travel restrictions to Macau.
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Image and article originally from www.benzinga.com. Read the original article here.