U.S. stocks were lower, with the Dow Jones index falling over 100 points on Monday.

Shares of Dada Nexus Limited DADA rose sharply during Monday's session after the company received a preliminary, non-binding proposal from JD.com, Inc. JD to acquire all shares, including ADSs, at $2.00 per ADS ($0.50 per Ordinary Share) in cash.

The offer represents a 42% premium to the last closing price before the proposal date. The Board has formed a special committee, chaired by Laura Marie Butler, to evaluate JD.com's acquisition proposal.

Dada Nexus shares surged 31.2% to $1.8491 on Monday.

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

• Akero Therapeutics, Inc. AKRO shares jumped 114% to $56.03 after the company reported preliminary week 96 results from its SYMMETRY Phase 2B study of Efruxifermin.
• 89bio, Inc. ETNB gained 48.7% to $10.60.
• Logility Supply Chain Solutions, Inc. LGTY gained 24.6% to $14.11 after Aptean announced an agreement to acquire Logility in a $14.30-per-share all-cash deal.
• EverQuote, Inc. EVER gained 17.3% to $20.63.
• Titan Machinery Inc. TITN shares rose 10.3% to $17.38. Baird analyst Mircea Dobre upgraded Titan Machinery from Neutral to Outperform and raised the price target from $14 to $25.
• Portillo’s Inc. PTLO gained 10.2% to $13.76. Stifel analyst Chris O’Cull upgraded Portillos from Hold to Buy and raised the price target from $13 to $16.
• LendingTree, Inc. TREE rose 10.2% to $45.67.
• Alpha Teknova, Inc. TKNO gained 9.6% to $8.81.
• Kingsoft Cloud Holdings Limited KC shares rose 7.4% to $11.59 after jumping 13% on Friday.
• Service Properties Trust SVC gained 7% to $2.92.
• LGI Homes, Inc. LGIH rose 6.8% to $96.53
• The Hain Celestial Group, Inc. HAIN climbed 6.2% to $5.65.
• AT&T Inc. T gained 5.9% to $24.07 following better-than-expected quarterly financial results.

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