5 Market-Moving Stocks to Watch on Monday

2. BlueCity Holdings Limited (NASDAQ:BLCT) has soared 3.97% as of 11:13 AM ET after the company revealed that it has entered into a merger agreement with a buyer group. The all-cash transaction is representative of an equity value of $60 million of BlueCity Holdings Limited’s (NASDAQ:BLCT) outstanding shares. This translates into a purchase price of $3.2 per ordinary share. Moreover, the per ADS price of $1.60 reflects a premium of 16.8% to BlueCity Holdings Limited (NASDAQ:BLCT) stock’s last closing price. The deal is expected to be completed in the second half of the year.