Zai Lab is Friday's top mover after gaining 17.61%
Leading equity indices in the US rose as Nasdaq closed the day at 11,079, having gained 0.71%. S&P 500 gained 0.4% and closed at 3,999.
“Top Movers” are assets that recorded the highest percentage change compared to their nearest peers. Friday's most active stocks are listed below.
Zai Lab | +17.61% at $47.62
The commercial stage bio-pharma company has managed to gain 70.77% so far this year despite trading at lows around $22.28 previously. The Nasdaq has been doing worse in 2022, it has been passing it by 64.48%. Zai Lab has a market cap of $4.66 billion with an average daily volume of 980,731 shares. Zai Lab is forecasted to generate revenues of $56.25 million and EPS of $-1.25.
Arrival | +17.52% at 63.46 cents
This year has been a bright one for the EV maker after trading as low as 15 cents and going on to appreciate by 542.09% year to date. So far in 2022, it has been outperforming the Nasdaq by 535.8%. The electric vehicles supplier's market cap currently stands at $405 million with an average daily trading volume of 18.84 million shares.
NI ended Friday at $46.97, a 16.93% increase
Friday's session pointed in the same direction — after ending Thursday's session at $40.17, NI went up to $47.94 Friday only to fall back and close at $46.97. The company has a market cap of $6.13 billion with an average daily volume of 1 million shares.
Bright Health extended an 8 day uptrend having already gained 24.38 cents
It was more of the same for Bright Health Friday — an influx of buyers helped the health insurance provider to end the session higher around 92.09 cents, while establishing a 77.01 cents to 92.1 cents session range Friday. The company is currently trading with a market cap of $580.24 million with an average daily trading volume of 2.29 million shares. So far in 2022, it has performed better than the Nasdaq by 74.83%.