Last Week’s Top Five Market Winners
Nasdaq Stock Market (NASDAQ)
The past week included significant gains for Bakkt Holding (BKKT), Castor Maritime Inc. (CTRM), Catalyst Pharmaceuticals Inc. (CPRX), Peloton Interactive Inc. (PTON) and Phunware Inc. (PHUN).
- Shares of crypto marketplace and digital wallet app Bakkt Holding (BKKT) skyrocketed as Bitcoin rebounded and expert Yves Lamoureux commented positively on the stock.
- Castor Maritime Inc. (CTRM) shares soared after the shipping company reported fourth-quarter earnings.
- Catalyst Pharmaceuticals Inc. (CPRX) shares popped after the healthcare company reported fourth-quarter earnings.
- Peloton Interactive Inc. (PTON) shares jumped following news that Amazon and Nike were considering making buyout offers for the exercise equipment company.
- Phunware Inc. (PHUN) shares spiked after the mobile marketing platform announced a strategic political partnership with AI-based digital platform Campaign Nucleus.
NASDAQ TOP-PERFORMING STOCKS
| STOCK | WEEKLY CHANGE | CURRENT TRADING PRICE | SECTOR |
| Bakkt Holding (BKKT) | 2.94 (+68.06%) | 7.25 | Services |
| Castor Maritime Inc. (CTRM) | 0.69 (+57.02%) | 1.90 | Industrial Goods |
| Catalyst Pharmaceuticals Inc. (CPRX) | 2.31 (+41.03%) | 7.94 | Consumer Goods |
| Peloton Interactive Inc. (PTON) | 10.08 (+40.98%) | 34.68 | Services |
| Phunware Inc. (PHUN) | 0.80 (+31.50%) | 3.34 | Technology |
New York Stock Exchange (NYSE)
Strong results were recorded on the New York Stock Exchange for Bright Health Group Inc. (BHG), Asana (ASAN), Haemonetics Corp. (HAE), Tupperware Brands Corp. (TUP), and Performance Food Group (PFGC).
- Bright Health Group Inc. (BHG) shares surged after the health insurance company updated its guidance to predict increased membership.
- Asana (ASAN) shares gained amid positive market momentum and news that BlackRock, one of the world’s largest investment management firms, is a major shareholder in the workflow software company.
- Haemonetics Corp. (HAE) shares surged as investors responded positively to the healthcare company’s third-quarter results.
- Tupperware Brands Corp. (TUP) shares jumped following positive coverage of the plasticware giant.
- Performance Food Group (PFGC) shares popped after the food distributor released its fiscal second-quarter 2022 earnings.
NYSE TOP-PERFORMING STOCKS
| STOCK | WEEKLY CHANGE | CURRENT TRADING PRICE | SECTOR |
| Bright Health Group Inc. (BHG) | 1.04 (+37.41%) | 3.82 | Healthcare |
| Asana (ASAN) | 13.45 (+27.96%) | 61.56 | Services |
| Haemonetics Corp. (HAE) | 11.86 (+25.45%) | 58.47 | Consumer Goods |
| Tupperware Brands Corp. (TUP) | 3.83 (+25.10%) | 19.09 | Consumer Goods |
| Performance Food Group (PFGC) | 9.77 (+22.77%) | 52.68 | Consumer Goods |
Last Week’s Top Five Market Losers
Nasdaq Stock Market (NASDAQ)
The last seven days were less than ideal for ProQR Therapeutics (PRQR), 2U Inc. (TWOU), Affirm (AFRM), Goodyear Tire & Rubber Co. (GT) and Exela Technologies Inc. (XELA).
- ProQR Therapeutics (PRQR) shares crashed after the biopharmaceutical company announced a clinical trial failure of its lead drug candidate.
- Despite solid fourth-quarter earnings, shares of online education company 2U Inc. (TWOU) tanked following disappointing guidance and several analyst downgrades.
- Shares of digital commerce platform Affirm (AFRM) and tire maker Goodyear Tire & Rubber Co. (GT) plummeted after disappointing investors with their latest earnings reports.
- Exela Technologies Inc. (XELA) shares dropped as investors reacted negatively to news that the business process automation company was changing its previously announced Common Stock offering.
NASDAQ WORST-PERFORMING STOCKS
| STOCK | WEEKLY CHANGE | CURRENT TRADING PRICE | SECTOR |
| ProQR Therapeutics (PRQR) | -4.03 (-74.35%) | 1.39 | Consumer Goods |
| 2U Inc. (TWOU) | -7.58 (-45.64%) | 9.03 | Consumer Goods |
| Affirm (AFRM) | -16.20 (-25.82%) | 46.55 | Consumer Goods |
| Goodyear Tire & Rubber Co. (GT) | -5.26 (-24.99%) | 15.78 | Consumer Goods |
| Exela Technologies Inc. (XELA) | -0.1445 (-17.89%) | 0.6631 | Technology |
New York Stock Exchange (NYSE)
On the New York Stock Exchange, New Relic Inc. (NEWR), Argo Group (ARGO), Lumen Technologies Inc. (LUMN), Adtalem Global Education Inc. (ATGE) and Edgewell Personal Care (EPC) all experienced negative movement over the past week.
- Shares of technology company New Relic Inc. (NEWR) shares plummeted after its quarterly profit and loss figures fell short of expectations.
- Argo Group (ARGO) shares plunged after the insurance company announced that its fourth-quarter earnings would be negatively affected by reserve increases.
- Lumen Technologies Inc. (LUMN) shares dropped after the telecom company predicted a sharp earnings decline in 2022.
- Adtalem Global Education Inc. (ATGE) shares tumbled after the healthcare-focused education provider reported disappointing earnings.
- Shares of razor maker Edgewell Personal Care (EPC) slid following an analyst downgrade.
NYSE WORST-PERFORMING STOCKS
| STOCK | WEEKLY CHANGE | CURRENT TRADING PRICE | SECTOR |
| New Relic Inc. (NEWR) | -30.57 (-29.67%) | 72.45 | Technology |
| Argo Group (ARGO) | -14.50 (-26.04%) | 41.18 | Financial |
| Lumen Technologies Inc. (LUMN) | -2.42 (-19.34%) | 10.09 | Technology |
| Adtalem Global Education Inc. (ATGE) | -4.46 (-15.80%) | 23.76 | Consumer Goods |
| Edgewell Personal Care (EPC) | -4.46 (-15.80%) | 36.37 | Consumer Goods |
Highlights and Lowlights
Despite a few earnings bright spots, US stock markets tumbled amid renewed inflation fears as well as growing concerns of a Russian invasion of Ukraine. January’s Consumer Price Index (CPI) report showed that inflation rose faster than expected, which investors fear might mean that more aggressive interest hikes from the Fed are on the way.
The DJ30 and SPX500 slipped -1.0% and -1.8% respectively, while the NSDQ100 fell 2.2%.
What’s in Store for the Week?
Major companies releasing earnings include Airbnb, Roblox, NVIDIA, Shopify and Walmart. Check out eToro’s Earnings Reports Calendar for all of the details and to stay up to date.
Investors will be watching out for updates on producer prices, retail sales, housing starts and existing home sales. FOMC minutes will be released on Wednesday, and the Senate Banking Committee will vote on Fed Chair Jerome Powell’s reappointment.
Join eToro Today
Your capital is at risk.