Coinbase is Friday's top mover after gaining 18.33%
Markets closed higher Friday, as Dow Jones ended the session at 33,674 after a 1.65% gain. S&P 500 gained 1.85% and closed at 4,136.25.
“Top Movers” are assets that recorded the highest percentage change compared to their nearest peers. Friday's most active technology stocks are listed below.
Pre-market trading leads Coinbase to drop to $56.65 (a 2.73% change) after ending Friday at $58.24
Friday's session pointed in the same direction — having closed Thursday at $49.22, bullish sentiment helped Coinbase to reach highs around $58.58 before paring gains and ending Friday at $58.24. Coinbase is currently trading with a market cap of $14.27 billion with an average daily volume of 15.58 million shares. The Nasdaq has been doing worse in 2022, it has been passing it by 84.79%.
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%.
Bullish mood lifts Bill.com to session high of $99.87
Friday's session pointed in the same direction — after closing Friday at $94.04, the infrastructure software provider peaked at $99.87 before giving up early gains and closing at $94.04. Bill.com has a market cap of $10 billion with an average daily trading volume of 2 million shares. So far this year, it has been doing worse than 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 ended the session at $8.63 (-19.27%)
More of the same from Friday's session: early in Friday's session, Lyft, Inc. dropped to $8.33 from $10.69 at the end of Thursday, before closing at $8.63. During the session, it lost 19.27%. Lyft's market cap currently stands at $3.19 billion with an average daily volume of 21.14 million shares. So far this year, it has been under-performing the Nasdaq by 34.34%.
The company reported earnings results Thursday; with EPS at -0.42 and revenues at $1 billion, these results are mixed compared to a consensus of -0.06 Earnings Per Share and $981.42 million revenue. Since the release of its earnings report, Lyft lost 20.75%.