Stocks rose on Friday and tech stocks gained more after the United States added fewer than expected jobs to payrolls in May, but the data suggested the employment outlook may be slowly improving.
The Dow Jones Industrial Average rose 151 points, or 0.44%, to 34,728 and the S&P 500 gained 0.83%, approaching an all-time intraday high. The high-tech Nasdaq was up 1.46%. Apple shares (AAPL) – Get report and Microsoft (MSFT) – Get report highest priced.
AMC entertainment (AMC) – Get report It fell 3% on Friday after a stock sale that raised $ 587 million for the struggling movie theater chain that has become a favorite with retailers.
Chief Executive Officer Adam Aron defended another round of capital raising that would give AMC the ability to pursue “value creation opportunities” for its army of retail investors. AMC is seeking approval to sell 25 million shares sometime next year.
These are some of the best stocks of the past week for their percentage increase at the close of business on June 4. They include stocks with a share price of more than $ 10 at the time of publication.
1. AMC Entertainment | + 86.50%
AMC entertainment (AMC) – Get report The shares were trading lower after CEO Adam Aron revealed plans to sell 12 million new shares to pursue “value-creating opportunities” for his army of retail investors. AMC, which placed another 8.5 million shares with hedge fund Mudrick Capital earlier in the week, is seeking approval to sell 25 million shares sometime next year in order to fund potential investment opportunities.
2. Senseonics | + 45.89%
Senseonics (MEANING) – Get report The stock rose on Friday after the medical technology company said it had positive results from a study that evaluated the accuracy and safety of its next-generation continuous glucose monitoring system. Senseonics shares rose nearly 40% on Friday.
3. BlackBerry | + 40.57%
Blackberry (Bed and breakfast) – Get report The shares rose to a nine-year high on Thursday as Reddit users continued to talk about the cybersecurity company. “BB is built differently,” wrote one Reddit user. “Finally, Wall Street is giving BlackBerry the recognition and stock price it deserves.” The company was the second-most-mentioned company in Stocktwits, a popular retail investor community, behind AMC meme stocks, Bloomberg reported.
4. Workhorse | + 34.21%
Workhorse Group Stock (WKHS) – Get report It fell on Friday after Cowen analysts downgraded the electric vehicle maker’s shares. Analysts at Cowen downgraded the stock to market performance from an outperformance after the results. The firm says the shares appear to be fairly valued. The stock closed last Friday at $ 9.37. On February 4 it hit a 52-week high of just under $ 43.
5. Microvision | + 26.60%
Microvision laser scanning company (mvis) – Get report, which has made it to the list of so-called meme stocks, posted a large quarterly loss and a drop in sales. Jim Cramer of TheStreet recently said during a lightning round of Mad Money: “This is battlefield action. I say take profit. You are a winner with that one.”
6. Novavax | + 21.47%
Novavax (NVAX) – Get report last month it reported a delay in its plan to seek clearance for its coronavirus vaccine candidate until the third quarter, which begins in September. Delays in clinical trial results coupled with manufacturing delays had slowed down the process by which the company would seek clearance from the Food and Drug Administration, people briefed on the matter said. the washington post. Jim Cramer said he doesn’t like Novavax because they have trouble doing it on a large scale.
7. Up Fintech | + 19.77%
Up Fintech Holding (TIGR) – Get report, an online brokerage firm that focuses on global investors, announced that a consortium of leading institutional investors has signed up to purchase convertible notes for a total principal amount of $ 90 million through a private placement. The completion of the placement of the convertible notes is subject to compliance with the customary closing conditions. Jim Cramer recently said about Up Fintech during a Mad Money blitzkrieg: “That’s Chinese fintech. No way.”
8. Bed Bath & Beyond | + 18.25%
Bed Bath & Beyond Stocks (BBBY) – Get report It fell on Friday after Bank of America analysts downgraded the homeware retailer. The stock has swung wildly this week amid the momentum of retail investor meme stocks, rising more than 60% on Wednesday with no news. The stock then fell 28% on Thursday. On Friday, the share traded down to 4.5% and up to 3.4%.
9. BioNTech | + 17.73%
On May 10, the FDA granted Pfizer (PFE) – Get report and BioNTech (BNTX) – Get report permission to use your vaccine in teens. Pfizer and BioNTech also began testing fully vaccinated adults 65 and older in a new study that uses the company’s pneumococcal conjugate vaccine candidate with a third dose of the Pfizer-BioNTech COVID-19 vaccine.
10. DocuSign | + 16.97%
DocuSign Actions (DOCU) – Get report increased as the company posted earnings and revenue that exceeded Wall Street expectations and offered an optimistic outlook as more companies adopted its electronic signature technology. One analyst called the quarter “another home run” and, judging by the stock’s reaction, it looks correct, wrote TheStreet’s Bret Kenwell.