Coinbase is Friday's top mover after gaining 18.33%
Leading equity indices in the US rose as Dow Jones ended the session at 33,674 after a 1.65% gain. S&P 500 ended the session at 4,136.25 after a 1.85% gain.
“Top Movers” are assets that recorded the highest percentage change compared to their nearest peers. Friday's most active technology stocks are listed below.
Coinbase | Closed +18.33% at $58.24
Coinbase increases its stock value by 18.33% for its largest single-day gain since Feb 15. This year has been a bright one for the crypto exchange spearhead after trading as low as $32.53 and going on to appreciate by 100.24% year to date. So far this year, it has been beating the Nasdaq by 84.79%. The company has a market cap of $14.27 billion with an average daily volume of 15.58 million shares.
Coinbase released its quarterly earnings report Thursday, beating analysts estimates. The company reported earnings of 0.15 per share on revenue of $736.40 million, topping estimates of -1.44 per share on revenue of $220,000. Since the release of its earnings report, Coinbase gained 20.11%.
Bill.com closes at $94.04 after gaining 17.68%
Friday's session pointed in the same direction — having closed Thursday at $79.91, bullish sentiment helped Bill.com to reach highs around $99.87 before paring gains and ending Friday at $94.04. The infrastructure software provider's market cap currently stands at $10 billion with an average daily volume of 2 million shares. So far this year, it has been under-performing the Nasdaq by 31.45%.
Bill.com reported earnings results Thursday, with EPS at -0.11 and revenues at $272.56 million; these results are mixed when compared to a consensus of 0.24 Earnings Per Share and $246.82 million revenue. Since the release of its earnings report, Bill.com gained 19.6%.
Lyft | Closed Friday's session at $8.63
Lyft, Inc. traded at $8.63 after making its biggest single-day drop of $2.06 (19.27%) since Mar 9. The urban mobility company is now trading 44.93% below its 3-month high of $20.51. So far this year, it has been doing worse than the Nasdaq by 34.34%. Lyft has a market cap of $3.19 billion with an average daily trading volume of 21.14 million shares.
Lyft reported inconclusive earnings results Thursday, with revenue at $1 billion, compared to a consensus of $981.42 million. Since the release of its earnings report, Lyft lost 20.75%.