Stock futures inched up Monday morning as renewed optimism over a potential U.S. Federal Reserve rate cut in December lifted sentiment at the start of the holiday-shortened week.
Here are some of Monday’s biggest stock movers:
Biggest stock gainers
- Ooma (OOMA) +7% – Shares gained after announcing it will acquire Phone.com for $23.2M in cash. The deal, expected to close in 4Q ’26, will be immediately accretive to adjusted EBITDA and non-GAAP EPS. Phone.com currently generates $22–$23M in annual revenue and $1.0–$1.5M in adjusted EBITDA before synergies. Ooma’s board has approved the transaction, which will be funded through cash on hand and bank debt.
- Pony.ai (PONY) +3% – Shares rose after expanding its partnership with Sunlight Mobility to deploy its Gen-7 robotaxis under an “asset-light” model. Sunlight will fund the vehicles, while Pony.ai supplies the autonomous driving tech and operations platform. The first fleet will launch in Guangzhou by year-end 2025, with plans to scale across Sunlight’s network of 180+ cities. Pony.ai will integrate its “Virtual Driver” stack and fleet-management system into vehicles running on both platforms.
- MP Materials (MP) +3% – Shares gained after BMO upgraded the stock to outperform, arguing that the recent pullback creates a buying opportunity as the U.S. pushes to strengthen its rare-earth supply chain. Analyst Raj Ray said the removal of Chinese export restrictions doesn’t diminish the long-term strategic need for U.S.-based supply and highlighted MP’s Saudi JV, which is expected to add neodymium-praseodymium oxide output starting in 2028. BMO said MP’s strategically critical assets justify a valuation premium and set a $75 price target, implying roughly 36% upside.
Biggest stock losers
- Qudian (QD) -3% – Shares dipped after reporting an 84.5% drop in sales to RMB8.5M, driven by the wind-down of its last-mile delivery business. Operating costs dipped slightly to RMB119.1M, but G&A expenses jumped 41% due to higher depreciation and property taxes tied to its newly completed headquarters. Cost of revenues plunged 86.6%, while R&D spending fell 23.8% on lower headcount. Loss from operations widened to RMB110.6M from RMB67.0M as the company continues to scale down its business operations.