Bright Health Group Inc., Marvell Technology Group Ltd, Pinduoduo made Friday's list of top gainers.
Markets were up Friday; Nasdaq closed the day at 12,976, having gained 2.19%. S&P 500 ended the session at 4,205.45 after a 1.3% gain.
Have a look at Friday's biggest gainers:
+19%: risk-on sentiment allowed Pinduoduo to post 19% gain Friday
After closing Thursday at $60.02, Pinduoduo closed at $71.42 Friday after climbing to $71.5 and dropping back down. The company's market cap currently stands at $94.89 billion with an average daily volume of 8.89 million shares.
+32.42%: bullish mood lifts Marvell to session high of $65.75
Having closed Thursday at $49.47, bullish sentiment helped Marvell Technology Group to reach highs around $65.75 before paring gains and ending Friday at $65.51. The company is currently trading with a market cap of $56.28 billion with an average daily trading volume of 16.74 million shares. So far this year, it has been outperforming the Nasdaq by 127.58%.
Marvell Technology Group released its quarterly earnings report Thursday, beating analysts estimates. The company reported earnings of 0.37 per share on revenue of $1.32 billion, topping estimates of 0.29 per share on revenue of $1.30 billion. Since the release of its earnings report, Marvell Technology Group gained 42.47%.
+17.9%: bullish mood lifts RingCentral to session high of $35.58
The cloud-based comms company rallied 17.9% and maintained $34.78. The company has a market cap of $3.33 billion with an average daily volume of 2.79 million shares. So far this year, it has been doing worse than the Nasdaq by 19.71%.
+45.85%: solid session for Bright Health generates 45.85% gain Friday
The US health insurance company went up to $11.77, gaining 45.85%. The company has a market cap of $93.59 million with an average daily trading volume of 7.65 million shares. The Nasdaq has been doing worse in 2022, it has been passing it by 337%.