Last Week’s Top Five Market Winners
Nasdaq Stock Market (NASDAQ)
The past week included significant gains for Newegg Commerce Inc. (NEGG), Urban One Inc. (UONE), Reata Pharmaceuticals Inc. (RETA), Oatly Group AB (OTLY) and Globalstar (GSAT).
- Newegg Commerce Inc. (NEGG) shares skyrocketed after the online electronic goods retailer merged with Lianluo Smart and began trading under the new symbol NEGG.
- Urban One Inc. (UONE) shares popped after the media company’s casino proposal was accepted by Richmond, Virginia gaming officials.
- Reata Pharmaceuticals Inc. (RETA) shares soared following promising news regarding the FDA approval process for the biotech company’s drug candidate that treats Friedreich’s ataxia, a genetic disease.
- Swedish oat milk maker Oatly Group AB (OTLY) raised more than $1.4 billion in its initial public offering, opening at 30% above the IPO price.
- Shares of satellite communications company Globalstar (GSAT) were up substantially in a momentum-driven rally.
NASDAQ TOP-PERFORMING STOCKS
| STOCK | WEEKLY CHANGE | CURRENT TRADING PRICE | SECTOR |
| Newegg Commerce Inc. (NEGG) | 6.45 (+90.97%) | 13.54 | Consumer goods |
| Urban One Inc. (UONE) | 3.11 (+59.58%) | 8.33 | Services |
| Reata Pharmaceuticals Inc. (RETA) | 32.63 (+41.65%) | 110.98 | Consumer goods |
| Oatly Group AB (OTLY) | 5.46 (+32.12%) | 22.46 | Consumer goods |
| Globalstar (GSAT) | 0.34 (29.82%) | 1.48 | Technology |
New York Stock Exchange (NYSE)
Strong results were recorded on the New York Stock Exchange for Virgin Galactic Holdings Inc. (SPCE), BRF SA (BRFS), R.R Donnelley & Sons Co. (RRD), Social Capital Hedosophia V (IPOE) and Asensus Surgical Inc. (ASXC).
- Virgin Galactic Holdings Inc. (SPCE) shares surged after the space exploration company announced plans for a test flight and got an analyst upgrade.
- BRF SA (BRFS) shares jumped after rival Marfrig Global Foods SA bought nearly a quarter of the Brazilian pork and poultry company.
- R.R Donnelley & Sons Co. (RRD) shares were higher after the communication company raised stockholder rights from 10% to 15%.
- Social Capital Hedosophia V (IPOE) shares popped after the fintech start-up released first-quarter results showing accelerated growth.
- Asensus Surgical Inc. (ASXC) shares rose, likely due to investors’ optimism about the medical device company’s current quarter earnings report.
NYSE TOP-PERFORMING STOCKS
| STOCK | WEEKLY CHANGE | CURRENT TRADING PRICE | SECTOR |
| Virgin Galactic Holdings Inc. (SPCE) | 4.89 (+30.22%) | 21.07 | Consumer Goods |
| BRF SA (BRFS) | 1.06 (+26.57%) | 5.05 | Consumer Goods |
| R.R Donnelley & Sons Co. (RRD) | 1.17 (+26.41%) | 5.60 | Services |
| Social Capital Hedosophia V (IPOE) | 3.84 (+25.70%) | 18.78 | Services |
| Asensus Surgical Inc. (ASXC) | 0.42 (+24.71%) | 2.12 | Consumer Goods |
Last Week’s Top Five Market Losers
Nasdaq Stock Market (NASDAQ)
The last seven days were less than ideal for Evofem Biosciences Inc. (EVFM), Canaan Inc. (CAN), MicroStrategy Inc. (MSTR), Coinbase Global Inc. (COIN) and SuRo Capital Corp. (SSSS).
- Evofem Biosciences Inc. (EVFM) shares crashed after the women’s health biotech company priced a stock-and-warrant offering at a discount.
- Cryptocurrencies and crypto-related stocks including those of Canaan Inc. (CAN), MicroStrategy Inc. (MSTR), and Coinbase Global Inc. (COIN) plunged after China issued a number of restrictions on the use of digital currencies.
- SuRo Capital Corp. (SSSS) shares slid, despite the fact that there was no fundamental news about the venture capital company.
NASDAQ WORST-PERFORMING STOCKS
| STOCK | WEEKLY CHANGE | CURRENT TRADING PRICE | SECTOR |
| Evofem Biosciences Inc. (EVFM) | -0.413 (-33.06%) | 0.8367 | Consumer Goods |
| Canaan Inc. (CAN) | -1.72 (-17.75%) | 7.97 | Technology |
| MicroStrategy Inc. (MSTR) | -70.79 (-13.58%) | 450.52 | Technology |
| Coinbase Global Inc. (COIN) | -34.02 (-13.17%) | 224.35 | Financial |
| SuRo Capital Corp. (SSSS) | -2.02 (-12.99%) | 13.50 | Financial |
New York Stock Exchange (NYSE)
On the New York Stock Exchange, Sociedad Quimica y Minera de Chile SA (SQM), Banco Santander-Chile (BSAC), Renren Inc. (RENN), Autohome (ATHM) and TAL Education Group ADR (TAL) stocks all experienced negative movement over the past week.
- Sociedad Quimica y Minera de Chile SA (SQM) shares dropped leading up to the Chilean lithium miner’s disappointing earnings report.
- Elections in Chile affected numerous US-listed Chilean companies, including Banco Santander-Chile (BSAC), whose shares plunged.
- Renren Inc. (RENN) shares tumbled after the Chinese social network received a notice for failing to file its 2020 Annual Report with the Securities and Exchange Commission (SEC).
- Autohome (ATHM) shares slid as the Chinese online automobile platform got a downgrade ahead of expected earnings.
- TAL Education Group ADR (TAL) shares were downgraded, sending stock prices to a new 52-week low for the Chinese online tutoring company.
NYSE WORST-PERFORMING STOCKS
| STOCK | WEEKLY CHANGE | CURRENT TRADING PRICE | SECTOR |
| Sociedad Quimica y Minera de Chile SA (SQM) | -10.22 (-19.54%) | 42.09 | Basic Materials |
| Banco Santander-Chile (BSAC) | -3.65 (-15.70%) | 19.60 | Financial |
| Renren Inc. (RENN) | -1.67 (-13.92%) | 10.33 | Technology |
| Autohome (ATHM) | -12.21(-13.47%) | 78.45 | Technology |
| TAL Education Group ADR (TAL) | -5.81 (-11.92%) | 42.93 | Consumer Goods |
Highlights and Lowlights
Losses from the beginning of the week were mostly offset by a stock market rally on Thursday, but both the SPX500 and the DJ30 were still around 1.5% lower than their record highs set two weeks ago. For the first time in six weeks, the NSDQ100 outperformed the SPX500, finally ending a dry spell for tech stocks.
The index of leading US economic indicators recorded a 1.6% increase for April — its second consecutive solid monthly gain, and the strongest since last July. Investors as well as businesses, however, still have inflation worries on their minds.
What’s in Store for the Week?
Earnings season wraps up this week, with BestBuy, Costco, and Nvidia set to report their latest financial data.
Several economic reports on consumer sentiment and expectations will be released this coming week, including the Case-Shiller Home Price Index on Tuesday. President Biden will unveil his fiscal 2022 budget proposal on Friday.
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