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U.S. stocks were higher, with the Dow Jones index gaining more than 400 points on Monday.

Shares of IQIYI Inc – ADR (NASDAQ:IQ) rose sharply during Monday's session after the company announced a $100 million share buyback. Also, the company has submitted a listing application form to the Hong Kong Stock Exchange.

IQIYI shares jumped 10% to $1.32 on Monday.

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

• Compass Diversified Holdings (NYSE:CODI) surged 17.4% to $7.84 after the company announced it will sell the food service business of its majority-owned subsidiary, SternoCandleLamp Holdings, to Archer Foodservice Partners.
• United Therapeutics Corp (NASDAQ:UTHR) jumped 14.7% to $599.64 after the company announced that its TETON-1 study evaluating the use of nebulized Tyvaso for the treatment of idiopathic pulmonary fibrosis met its primary efficacy endpoint.
• Sigma Lithium Corp (NASDAQ:SGML) gained 13% to $11.82 after the company reported a year-over-year increase in fourth-quarter financial results.
• Calumet Inc (NASDAQ:CLMT) gained 11.3% to $35.68 after HC Wainwright & Co maintained a Buy rating on the stock and raised its price target from $33 to $60.
• TRON Inc (NASDAQ:TRON) jumped 11.1% to $2.41.
• Alcoa Corp (NYSE:AA) gained 10.5% to $64.54. Shares of aluminum-related companies traded higher amid concerns over looming shortages of the metal due to curbs on Middle East exports stemming from the Strait of Hormuz security situation.
• Bath & Body Works Inc (NYSE:BBWI) gained 10.1% to $18.51.
• Kopin Corp (NASDAQ:KOPN) surged 9.2% to $1.98.
• Century Aluminum Co (NASDAQ:CENX) gained 9.1% to $54.16. Shares of aluminum-related companies traded higher amid concerns over looming shortages of the metal due to curbs on Middle East exports stemming from the Strait of Hormuz security situation.
• Gevo Inc (NASDAQ:GEVO) rose 8.9% to $2.74. Gevo announced it is developing plans for major ethanol expansion at Richardton, North Dakota facility.
• Iperionx Ltd (NASDAQ:IPX) gained 8.2% to $25.04.
• Palo Alto Networks Inc (NASDAQ:PANW) jumped 7.2% to $157.52. Cybersecurity stocks traded higher today as the sector rebounds following Friday’s selloff tied to concerns that Anthropic’s Claude Mythos AI tool could identify and exploit software vulnerabilities.
• Vista Energy SAB de CV – ADR (NYSE:VIST) gained 6.4% to $78.96.
• Zscaler Inc (NASDAQ:ZS) gained 5.5% to $140.52.
• Okta Inc (NASDAQ:OKTA) jumped 5.5% to $77.28.

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