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March 05, 2023
C3.ai, Inc., TuSimple Holdings Inc., Novavax, Inc. made Friday's list of top gainers.
Leading equity indices in the US rose as S&P 500 closed the day at 4,045.64, having gained 1.61%. Nasdaq ended the session at 11,700 after a 1.97% gain.
Friday was an exciting day for markets with several stocks capitalising on the risk-on mood. Have a look at these Top Gainers:
Novavax | Up 10.97% to $7.69 Friday
An influx of buyers helped the US biotechnology company to end the session higher around $7.69, while establishing a $6.79 to $7.92 session range Friday.
The company reported earnings of -2.28 per share Tuesday, falling short of expectations of -0.92. Revenue was also lower than expected at $357.40 million versus $383.14 million. Novavax lost 11.3% since the release of its earnings report.
+12.15%: TuSimple Holdings opened at $1.88 Friday before posting solid session gaining 12.15%
TuSimple Holdings ended Thursday's session at $1.81. Friday started with an increase to $2.07, but dropped back and closed at $2.03. Currently, the US holding company has a market capitalization of $458.19 million with an average daily volume of 2.41 million shares. The Nasdaq has been doing worse in 2022, it has been passing it by 24.73%.
TuSimple Holdings is scheduled to announce earnings results Wednesday. The consensus EPS estimate is -0.58 and the consensus revenue estimate is $2.44 million.
+33.65%: C3.ai appreciates 33.65% with $28.94 as the high of the day
After closing Thursday at $21.31, C3.ai closed at $28.48 Friday after climbing to $28.94 and dropping back down. The enterprise AI software provider's market cap currently stands at $3.14 billion with an average daily trading volume of 32.99 million shares.
C3.ai released its quarterly earnings report Thursday, beating analysts estimates. The company reported earnings of -0.57 per share on revenue of $66.67 million, topping estimates of -0.69 per share on revenue of $64.24 million. Since the release of its earnings report, C3.ai gained 37.39%.
