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March 05, 2023
C3.ai, Inc., TuSimple Holdings Inc., Novavax, Inc. made Friday's list of top gainers.
Markets closed higher Friday; S&P 500 ended the session at 4,045.64 after a 1.61% gain. Nasdaq gained 1.97% and closed at 11,700.
Have a look at Friday's biggest gainers:
Novavax | Up 10.97% to $7.69 Friday
Pronounced bullish sentiment in the market helped the US vaccine developer to make a notable 10.97% gain Friday, rising 76 cents and ultimately closing at $7.69.
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.
TuSimple Holdings | Closed +12.15% at $2.03
Having soared to a high of $13.54 approximately 11 months ago, the US holding company is now trading 86.63% lower. So far this year, it has been outperforming the Nasdaq by 24.73%. TuSimple Holdings's market cap currently stands at $458.19 million with an average daily volume of 2.41 million shares.
TuSimple Holdings is scheduled to announce earnings results Wednesday. The consensus Earnings Per Share estimate is -0.58 and the consensus revenue estimate is $2.44 million.
Tuya | Closed +10.9% at $1.73
The AI and IoT platform closed at $1.73 after it made its largest daily jump of 17 cents (10.9%) since Feb 9. 11 months ago the cloud and management platform provider reached a significant high of $3.97 but has consequently lost 60.71% since then. So far this year, it has been under-performing the Nasdaq by 26.58%. Tuya is currently trading with a market cap of $1.10 billion with an average daily trading volume of 724,500 shares.
C3.ai | Closed +33.65% at $28.48
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 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%.
