Last Week’s Top Five Market Winners
Nasdaq Stock Market (NASDAQ)
The past week included significant gains for Moderna Inc. (MRNA), Cocrystal Pharma Inc. (COCP), BioNTech SE (BNTX), CureVac NV (CVAC) and Co-Diagnostics Inc. (CODX).
- Shares of COVID-19 vaccine makers Moderna Inc. (MRNA) and BioNTech SE (BNTX) skyrocketed as fears of a new coronavirus variant spread among investors.
- Cocrystal Pharma Inc. (COCP) shares surged ahead of an expected update by the biotech company on the development of its antiviral treatments for coronavirus and influenza.
- CureVac NV (CVAC) shares popped after the German biotechnology company reported that clinical trials of its second-generation COVID-19 vaccine were expected to begin soon.
- Co-Diagnostics Inc. (CODX) shares continued to gain after reporting better-than-expected earnings, and bolstered by sales of the molecular diagnostic company’s Smart COVID-19 test.
NASDAQ TOP-PERFORMING STOCKS
| STOCK | WEEKLY CHANGE | CURRENT TRADING PRICE | SECTOR |
| Moderna Inc. (MRNA) | 56.24 (+20.57%) | 329.63 | Consumer Goods |
| Cocrystal Pharma Inc. (COCP) | 0.1519 (+18.57%) | 0.9699 | Consumer Goods |
| BioNTech SE (BNTX) | 43.24 (+14.19%) | 348.00 | Consumer Goods |
| CureVac NV (CVAC) | 5.26 (+13.51%) | 44.18 | Consumer Goods |
| Co-Diagnostics Inc. (CODX) | 1.08 (+12.74%) | 9.56 | Consumer Goods |
New York Stock Exchange (NYSE)
Strong results were recorded on the New York Stock Exchange for RLX Technology Inc. (RLX), Blue Apron Holdings Inc. (APRN), Hertz Global Holdings Inc. (HTZ), Enel Americas SA (ENIA) and Emergent BioSolutions Inc. (EBS).
- RLX Technology Inc. (RLX) shares soared after the Chinese vaping specialist announced that it was ready to conform to China’s new tobacco industry regulations.
- Shares of meal kit maker Blue Apron Holdings Inc. (APRN) climbed amid new COVID-19 variant concerns and discounted Black Friday deals.
- Hertz Global Holdings Inc. (HTZ) shares jumped after the car rental company announced the start of a $1.5 billion deal to repurchase outstanding Series A Preferred Stock.
- Enel Americas SA (ENIA) shares gained after a Goldman analyst initiated coverage of the crude oil and natural gas company.
- Emergent BioSolutions Inc. (EBS) shares were up following news that its Baltimore facility had passed inspection for production of the Johnson & Johnson COVID-19 vaccine, clearing the way for a deal to send the vaccines to Canada.
NYSE TOP-PERFORMING STOCKS
| STOCK | WEEKLY CHANGE | CURRENT TRADING PRICE | SECTOR |
| RLX Technology Inc. (RLX) | 1.01 (+22.44%) | 5.51 | Consumer Goods |
| Blue Apron Holdings Inc. (APRN) | 1.38 (+16.31%) | 9.84 | Consumer Goods |
| Hertz Global Holdings Inc. (HTZ) | 3.06 (+14.72%) | 23.83 | Services |
| Enel Americas SA (ENIA) | 0.77 (+13.63%) | 6.42 | Utilities |
| Emergent BioSolutions Inc. (EBS) | 4.14 (+10.33%) | 44.21 | Healthcare |
Last Week’s Top Five Market Losers
Nasdaq Stock Market (NASDAQ)
The last seven days were less than ideal for Zillow Group Inc. (ZG), SweetGreen (SG), Autodesk Inc. (ADSK), 2Seventy Bio Inc. (TSVT) and Makemytrip (MMYT).
- Zillow Group Inc. (ZG) shares tanked after the real estate tech giant abruptly announced plans to pull the plug on its iBuying business.
- SweetGreen (SG) shares corrected downward following the previous week’s investor euphoria over the healthy salad chain’s $2.55 billion IPO.
- Shares of computer-aided design (CAD) software maker Autodesk Inc. (ADSK) plunged after disappointing investors with earnings that only barely beat expectations.
- Shares of 2Seventy Bio Inc. (TSVT), Bluebird Bio’s spin-off oncology unit, which went public earlier this month, continued to slide.
- Shares of online travel company Makemytrip (MMYT) fell amid concerns over a new COVID-19 variant, which weighed on travel demand.
NASDAQ WORST-PERFORMING STOCKS
| STOCK | WEEKLY CHANGE | CURRENT TRADING PRICE | SECTOR |
| Zillow Group Inc. (ZG) | -91.00 (-62.35%) | 54.94 | Services |
| SweetGreen (SG) | -12.95 (-24.43%) | 40.05 | Consumer Goods |
| Autodesk Inc. (ADSK) | -68.35 (-21.19%) | 254.17 | Technology |
| 2Seventy Bio Inc. (TSVT) | -7.51 (-20.78%) | 28.63 | Consumer Goods |
| Makemytrip (MMYT) | -6.68 (-20.22%) | 26.33 | Services |
New York Stock Exchange (NYSE)
On the New York Stock Exchange, Nordstrom Inc. (JWN), Gap Inc. (GPS), Anaplan Inc. (PLAN), Asana (ASAN) and SentinelOne Inc. (S.US) all experienced negative movement over the past week.
- Nordstrom Inc. (JWN) shares tanked after the department store chain’s third-quarter earnings results worried investors.
- Gap Inc. (GPS) shares plunged after the clothing and accessories chain’s third-quarter results fell short of investors’ expectations.
- Anaplan Inc. (PLAN) shares dropped after the cloud platform reported disappointing third-quarter results.
- Headlines about Federal Reserve Chairman Jerome Powell’s reappointment, which caused US Treasury bond yields to climb, in turn spurred investors to take profits on high-growth stocks, including those of workforce management software company Asana (ASAN).
- SentinelOne Inc. (S.US) shares continued to drop following negative analyst coverage of the cybersecurity stock.
NYSE WORST-PERFORMING STOCKS
| STOCK | WEEKLY CHANGE | CURRENT TRADING PRICE | SECTOR |
| Nordstrom Inc. (JWN) | -0.33 (-31.55%) | 22.41 | Services |
| Gap Inc. (GPS) | -6.74 (-28.00%) | 17.33 | Services |
| Anaplan Inc. (PLAN) | -12.73 (-22.79%) | 43.12 | Services |
| Asana (ASAN) | -31.17 (-22.72%) | 106.02 | Services |
| SentinelOne Inc. (S.US) | -12.67 (-18.02%) | 57.63 | Technology |
Highlights and Lowlights
Headlines about a new coronavirus variant and Jerome Powell’s second term as Fed chair had markets reacting in a steep sell-off and all three US indices in the red. The SPX500 and the DJ30 dropped -2.0% and -2.2% respectively. High-growth technology stocks were hit hardest as investors scrambled to take profits, resulting in the NSDQ100 falling by -3.5%.
What’s in Store for the Week?
Investors will also continue to watch Thanksgiving sales, which extend through Cyber Monday. Salesforce, CrowdStrike, DocuSign, and Asana will report earnings.
Data releases this week include the housing market’s pending home sales and the Case-Shiller Home Price Index. The Conference Board’s November Consumer Confidence Index will shed light on American consumers’ mood. The manufacturing and services Purchasing Managers Indexes (PMIs) from the US and around the world will offer insights into managers’ perceptions across a variety of industries. And the Labor Department’s nonfarm November payrolls report on Friday will reveal whether there was a boost in seasonal hiring ahead of the holidays.
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