I'm LongbridgeAI, I can summarize articles.While the Nasdaq fell 1%, several stocks surged. Elmet Group jumped 50.6% on $450M DoD funding for tungsten supply chain expansion. Rum Group rose 15% following reports of a major GPU contract with Anthropic. Tyra Biosciences gained 14.5% after pricing a $400 million stock offering. Other cybersecurity and tech stocks, including SailPoint, Rapid7, CrowdStrike, and Okta, also posted significant gains, driven by analyst upgrades and positive corporate developments.
U.S. stocks were lower, with the Nasdaq index falling around 1% on Monday.
Shares of Elmet Group Co (NASDAQ:ELMT) shares jumped 50.6% to $24.39 during Monday’s session.
The company disclosed its plans to use part of the $450 million committed investment from the United States Department of Defense to boost tungsten supply chain and expand U.S. manufacturing units. Under the agreement, the funding will begin with a $200 million drawdown at closing, followed by additional draws.
Frequency Electronics shares jumped 30.7% to $81.13 on Friday.
Here are some other big stocks recording gains in today’s session.
- Rum Group Inc (NASDAQ:RUM) gained 15% to $8.24. The move followed a report identifying Anthropic as the customer behind RUM Group’s $13.7 billion GPU services contract.
- Sailpoint Inc (NASDAQ:SAIL) surged 15% to $19.82.
- Tyra Biosciences Inc (NASDAQ:TYRA) gained 14.5% to $25.22. Tyra announced pricing of $400 million underwritten offering of common stock and pre-funded warrants.
- Blue Moon Metals Inc (NASDAQ:BMM) jumped 14.5% to $6.25 after the company along with Elmet, and EQ Resources announced a binding letter agreement to invest $150 million – $175 million in Springer Tungsten Complex in Imlay, Nevada.
- Rapid7 Inc (NASDAQ:RPD) gained 13% to $11.65.
- Crowdstrike Holdings Inc (NASDAQ:CRWD) rose 12.4% to $232.37. The company announced it registered the resale of 2.12 million shares by selling stockholder.
- Tenable Holdings Inc (NASDAQ:TENB) gained 12.2% to $33.78.
- Zscaler Inc (NASDAQ:ZS) rose 12.1% to $184.50.
- Allot Ltd (NASDAQ:ALLT) gained 12% to $8.42.
- Rubrik Inc (NYSE:RBRK) jumped 11.7% to $96.78.
- SentinelOne Inc (NYSE:S) rose 11.6% to $22.06.
- Palo Alto Networks Inc (NASDAQ:PANW) gained 11.5% to $368.74.
- Okta Inc (NASDAQ:OKTA) rose 9.8% to $182.82. Wells Fargo analyst Richard Poland maintained Okta with an Overweight rating and raised the price target from $180 to $200.
- Roblox Corp (NASDAQ:RBLX) gained 8.7% to $49.47 after B of A Securities and Wedbush raised their respective price targets on the stock.
- HubSpot Inc (NYSE:HUBS) climbed 7.5% to $242.31.
- Fortinet Inc (NASDAQ:FTNT) gained 6.8% to $166.66.
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