U.S. stocks were lower, with the Dow Jones falling around 0.1% on Monday.

Shares of XOMA Royalty Corp (NASDAQ:XOMA) rose sharply during Monday's session.

Ligand Pharmaceuticals (NASDAQ:LGND) announced plans to acquire XOMA Royalty for $39.00 per share in cash.

XOMA Royalty shares jumped 10.8% to $42.01 on Monday.

Here are some other big stocks recording gains in today’s session.

• Veradermics Inc (NYSE:MANE) shares jumped 40.3% to $95.20 after the company announced that its VDPHL01 drug met all primary and key secondary endpoints and led to rapid and robust hair growth.
• Oruka Therapeutics Inc (NASDAQ:ORKA) gained 25.2% to $86.42 after the company announced interim results from EVERLAST-A Phase 2a trial of ORKA-001 in moderate-to-severe plaque psoriasis.
• Organon & Co (NYSE:OGN) gained 17.1% to $13.18 after the company announced that it will be acquired by Sun Pharma at $14.00 per share in cash.
• X-Energy (NASDAQ:XE) surged 12.5% to $32.84.
• Polibeli Group Ltd (NASDAQ:PLBL) surged 11.8% to $7.50.
• Sellas Life Sciences Group Inc (NASDAQ:SLS) gained 11.7% to $4.98.
• AnaptysBio Inc (NASDAQ:ANAB) rose 11.3% to $65.50.
• Evolent Health Inc (NYSE:EVH) surged 11.2% to $3.47. Evolent will release first quarter financial results on Thursday, May 7.
• iHeartMedia Inc (NASDAQ:IHRT) rose 10.3% to $5.98.
• Repay Holdings Corp (NASDAQ:RPAY) gained 10.3% to $4.04. Repay Holdings said it expects first-quarter revenue to be $80.5 million-$81 million.
• Jade Biosciences Inc (NASDAQ:JBIO) gained 9.9% to $27.46. HC Wainwright & Co. analyst Arthur He maintained Jade Biosciences with a Buy and raised the price target from $35 to $45.
• Beam Therapeutics Inc (NASDAQ:BEAM) jumped 8.9% to $29.53.
• Noble Corporation PLC (NYSE:NE) rose 8.8% to $54.00 after the company reported better-than-expected quarterly financial results.
• Uranium Energy Corp. (NYSE:UEC) gained 8.3% to $15.19.
• indie Semiconductor Inc (NASDAQ:INDI) rose 7.7% to $3.94.
• Nokia Oyj (NYSE:NOK) gained 7.4% to $11.22. Argus Research upgraded its rating on the stock from Hold to Buy and announced a $15 price target.
• Snap Inc (NYSE:SNAP) rose 6.3% to $6.02.

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Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.