Posted 4/8/2024, 1:54:01 PM
Stocks Mostly Up as Ducommun Jumps on Buyout Offer, Auddia Soars on Patent News, Perion Sinks on Weak Outlook
- U.S. stocks traded higher on Monday, with the Dow Jones gaining over 50 points
- Shares of Ducommun Inc jumped over 16% after the company received an unsolicited non-binding offer
- Auddia shares shot up 260% after being awarded a patent for its flagship faidr app AI technology
- Perion Network shares dropped 38% after slashing fiscal 2024 guidance and issuing weak Q1 outlook
- Oil traded down 0.8% to $86.20 while gold traded up 0.6% to $2,358.90