Today's Big Gainers: X, ARNA, MCP, QTWW, KOPN
Tuesday, September 07, 2021 1:33 PM

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United States Steel Corp. (NYSE: X) rallied more than 4% on Tuesday on renewed speculation that the company could be acquired by Arcelor Mittal (NYSE: MT).

Shares of Arena Pharmaceuticals (NASDAQ: ARNA) after analysts at Piper Jaffray recommended investors to buy Arena shares ahead of the upcoming panel meeting and October 22nd PDUFA date. The analysts said that they anticipate a positive committee vote.

Molycorp (NYSE: MCP) jumped more than 5% after J.P. Morgan initiated coverage on the company with an Overweight rating and a price target of $26.50. 

Quantum Fuel Systems Technologies Worldwide, Inc. (NASDAQ: QTWW) soared more than 17% after the company announced that it has received a $30 million purchase order for supplying key components and subsystems related to Quantum's proprietary Q-Drive powertrain systems for the Fisker Karma production program under the terms of its supply agreement. Under this first-release production purchase order, Quantum will supply components and systems to support the early vehicle builds that will ramp up to production volumes in 2011. Quantum recently signed a Supply Agreement with Fisker Automotive to supply key components and control systems for the Q-Drive powertrain system that is being incorporated into the Fisker Karma.

Kopin Corp. (NASDAQ: KOPN) surged as much as 11% following a bullish article in Barron’s over the weekend.

Disclosure: Author doesn't own any of the stocks discussed here.

 

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