Biggest stock movers today: Crypto stocks, CHWY, SPR, NIO and more

Stock futures kicked off Q3 and the second half of 2024 on a bullish note, inching up slightly on Monday morning.

Here are some of Monday’s biggest stock movers:

Biggest stock gainers

• Spirit AeroSystems (NYSE:SPR) shares soared over 8% after Boeing (NYSE:BA) announced it would acquire the company in an all-stock deal at $37.25 per share, with a total transaction value of approximately $8.3B, which includes Spirit’s debt. This represents a premium of 26% over Spirit’s closing stock price on February 29, the day before the acquisition talks were confirmed.
• Cryptocurrency-related stocks experienced gains on Monday as Bitcoin (BTC-USD) rose over 2%. Bit Digital (NASDAQ:BTBT) surged by 6%, Cleanspark (NASDAQ:CLSK) by 4%, Cipher Mining (NASDAQ:CIFR) by 6%, Coinbase (NASDAQ:COIN) by 3%, Riot Platforms (NASDAQ:RIOT) by 3.4%, Marathon Digital (NASDAQ:MARA) by 6%, and MicroStrategy (NASDAQ:MSTR) by 2.3%.
• Li Auto’s (NASDAQ:LI) shares rose more than 4% after announcing the delivery of 47,774 vehicles in June, a 46.7% increase Y/Y and 36.4% M/M. This momentum continued throughout Q2, with deliveries reaching 108,581, reflecting a 25.5% Y/Y growth. As of June 30, 2024, Li Auto’s cumulative deliveries reached 822,345 vehicles, ranking first among China’s emerging new energy auto brands. The company has reclaimed the top spot in sales among emerging new energy auto brands since the second quarter, driven by the launch of its new model, Li L6, and improved store efficiency.
• NIO (NYSE:NIO) gained 5% after releasing its monthly deliveries report, which showed 98% Y/Y growth for the month of June and a nearly 144% increase in Q2 deliveries. The company’s cumulative deliveries reached 537,020 as of June 30, 2024.

Biggest stock losers

• Online pet retailer Chewy’s (NYSE:CHWY) shares fell 5%, and meme stock GameStop (NYSE:GME) plunged nearly 9% after stock influencer Keith Gill, also known as Roaring Kitty, was sued for a pump-and-dump scheme. The lawsuit was filed by Martin Radev on behalf of other investors that may have suffered losses from the GameStop (GME) drama. This follows Gill’s recent disclosure of a large 6.6% stake in Chewy, a holding of ~9M shares in Chewy Class A common stock as of June 24 in 13G Fililng. Gill’s cryptic social media post featuring a picture of a dog led to a surge in Chewy’s shares to nearly a one-year-high. Gill, also known as “Roaring Kitty,” played a pivotal role in the 2021 meme-stock frenzy by sharing a screenshot on Reddit showing his substantial position in GameStop stock and options.