C3.ai, Inc., TuSimple Holdings Inc., Novavax, Inc. made Friday's list of top gainers.
Leading equity indices in the US rose as S&P 500 closed the day at 4,045.64, having gained 1.61%. Nasdaq ended the session at 11,700 after a 1.97% gain.
Friday was an exciting day for markets with several stocks capitalising on the risk-on mood. Have a look at these Top Gainers:
+10.97%: pre-market trading leads Novavax to drop to $7.49 (a 2.6% change) after ending Friday at $7.69
Pronounced bullish sentiment in the market helped the US biotechnology company to make a notable 10.97% gain Friday, rising 76 cents and ultimately closing at $7.69. The US vaccine developer's market cap currently stands at $653.68 million with an average daily volume of 6.68 million shares. So far this year, it has been doing worse than the Nasdaq by 34.62%.
The company reported earnings of -2.28 per share Tuesday, falling short of expectations of -0.92. Revenue was also lower than expected at $357.40 million versus $383.14 million. Since the release of its earnings report, Novavax lost 11.3%
+12.15%: Friday TuSimple Holdings increased by 12.15%, ended the session at $2.03
After closing Thursday at $1.81, TuSimple Holdings closed at $2.03 Friday after climbing to $2.07 and dropping back down. The company is currently trading with a market cap of $458.19 million with an average daily trading volume of 2.41 million shares. So far this year, it has performed better than the Nasdaq by 24.73%.
TuSimple Holdings is scheduled to announce earnings results Wednesday. The consensus Earnings Per Share estimate is -0.58 and the consensus revenue estimate is $2.44 million.
+33.65%: bullish mood lifts C3.ai to session high of $28.94
The enterprise AI software provider topped out at $28.94 having ended Friday at $28.48. However, despite early momentum, the stock gave up its gains to now trade at $28.48. C3.ai's market cap currently stands at $3.14 billion with an average daily trading volume of 32.99 million shares.
C3.ai released its quarterly earnings report Thursday, beating analysts estimates. The company reported earnings of -0.57 per share on revenue of $66.67 million, topping estimates of -0.69 per share on revenue of $64.24 million. Since the release of its earnings report, C3.ai gained 37.39%.