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U.S. stocks were lower, with the Nasdaq Composite falling around 650 points on Monday.

Shares of Redfin Corporation (NASDAQ:RDFN) rose sharply during Monday's session after Rocket Companies announced it will acquire the company in an all-stock transaction valued at $12.50 per share.

Under the terms of the agreement, Redfin shareholders will receive 0.7926 shares of Rocket Class A common stock for each Redfin share—a 63% premium over Redfin’s 30-day volume-weighted average price. Rocket shareholders will own approximately 95% of the combined company upon completion, with Redfin shareholders holding the remaining 5%.

Redfin shares jumped 70% to $9.89 on Monday.

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

• Mineralys Therapeutics, Inc. (NASDAQ:MLYS) gained 53% to $16.09 after the company reported topline data from its pivotal LAUNCH-HTN Phase 3 and ADVANCE-HTN Phase 2 trials of Lorundrostat for hypertension. Both trials met the primary endpoint.
• Trevi Therapeutics, Inc. (NASDAQ:TRVI) surged 41.8% to $6.10 after the company reported topline results from its Phase 2a RIVER trial of Haduvio for RCC, which met the primary endpoint.
• Protagonist Therapeutics, Inc. (NASDAQ:PTGX) rose 41% to $54.08 after the company announced topline results from its Phase 2b ANTHEM-UC study of icotrokinra in ulcerative colitis. The study met its primary endpoint in all dose groups evaluated.
• LZ Technology Holdings Limited (NASDAQ:LZMH) gained 17.7% to $14.18.
• Veren Inc. (NYSE:VRN) gained 15.6% to $5.68 after the company announced a $15 billion strategic merger with Whitecap to form a leading oil producer.
• WK Kellogg Co (NYSE:KLG) rose 9.3% to $21.91.
• Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) gained 8.9% to $21.02.
• e.l.f. Beauty, Inc. (NYSE:ELF) rose 8.4% to $76.61.
• Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) gained 8.2% to $29.53. Kratos said its OpenEdge 2500 achieved DIFI compliance.
• STAAR Surgical Company (NASDAQ:STAA) rose 7.2% to $19.66.
• Harley-Davidson, Inc. (NYSE:HOG) gained 6.9% to $27.90.
• Archer-Daniels-Midland Company (NYSE:ADM) climbed 5.5% to $52.16.
• Insperity, Inc. (NYSE:NSP) shares rose 5.4% to $95.24.
• Tractor Supply Company (NASDAQ:TSCO) gained 4.6% to $59.54.
• The Campbell’s Company (NASDAQ:CPB) rose 4.4% to $43.65.

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