RXO, Vaxcyte, PTC And Other Big Stocks Moving Higher On Monday

RXO Inc (NYSE: RXO) shares surged 23.1% to $28.80 following the announcement of its acquisition by C.H. Robinson Worldwide, Inc. (NASDAQ: CHRW) in a cash-and-stock deal valued at $5.8 billion. Under the terms, RXO shareholders will receive $17.25 in cash and 0.0856 shares of C.H. Robinson for each RXO share, totaling $30.25 per share. Overall, U.S. stocks were mixed, with the Dow Jones index dropping over 250 points on the same day.