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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.
Here are the biggest stocks gainers from Friday.
Novavax | Up 10.97% to $7.69 Friday
The US vaccine developer went up to $7.69, gaining 10.97%.
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. Since the release of its earnings report, Novavax lost 11.3%
+12.15%: TuSimple Holdings gains 12.15% within $1.85 to $2.07 daily range
After closing Thursday at $1.81, TuSimple Holdings closed at $2.03 Friday after climbing to $2.07 and dropping back down. TuSimple Holdings is currently trading with a market cap of $458.19 million with an average daily trading volume of 2.41 million shares. So far this year, it has performed better than the Nasdaq 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.
+10.9%: Tuya closes at $1.73 after gaining 10.9%
After closing at $1.56 on Thursday, Tuya maintained a strong bullish bias that helped the stock close higher at $1.73 Friday. However, market bears ensured the the AI and IoT platform topped out at $1.76 and that by the end of the session, the market had marked out a distinct $1.58 to $1.76 range. The AI and IoT platform's market cap currently stands at $1.10 billion with an average daily volume of 724,500 shares. So far this year, it has been under-performing the Nasdaq by 26.58%.
+33.65%: risk-on sentiment allowed C3.ai to post 33.65% gain Friday
C3.ai ended Thursday's session at $21.31. Friday started with an increase to $28.94, but dropped back and closed at $28.48. C3.ai's market cap is currently $3.14 billion with an average daily 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%.
