Stocks stage a comeback: Weekly Stock Market Update

Last Week’s Top Five Market Winners

Nasdaq Stock Market (NASDAQ)

The past week included significant gains for Calumet Specialty Products Partners LP (CLMT), Codexis Inc. (CDXS), Catalyst Pharmaceuticals Inc. (CPRX), SmileDirectClub Inc. (SDC) and Affirm (AFRM).

  • Shares of petroleum products manufacturer Calumet Specialty Products Partners LP (CLMT) skyrocketed, driven by soaring oil prices and an analyst upgrade.
  • Codexis Inc. (CDXS) shares surged as a number of investment analysts went bullish on the biotech company.
  • Catalyst Pharmaceuticals Inc. (CPRX) shares soared following a milestone Appeals Court decision supporting FDA orphan drug designation for the specialty drugmaker’s Lambert-Eaton myasthenic syndrome (LEMS) treatment. 
  • SmileDirectClub Inc. (SDC) shares jumped after the oral health specialist announced a new patent for SmileBus, a mobile dental clinic, which will provide free 3D imaging of customers’ teeth. 
  • Affirm (AFRM) shares popped following news of a partnership between the Buy Now, Pay Later (BNPL) specialist and retail giant Target.

NASDAQ TOP-PERFORMING STOCKS

STOCK WEEKLY CHANGE CURRENT TRADING PRICE SECTOR
Calumet Specialty Products Partners LP (CLMT) 2.84 (+35.37%) 10.87 Basic Materials
Codexis Inc. (CDXS) 6.10 (+23.34%) 32.24 Basic Materials
Catalyst Pharmaceuticals Inc. (CPRX) 1.12 (+21.50%) 6.33 Consumer Goods
SmileDirectClub Inc. (SDC) 1.10 (+20.00%) 6.60 Consumer Goods
Affirm (AFRM) 23.34 (+19.80%) 141.19 Consumer Goods

 

New York Stock Exchange (NYSE)

Strong results were recorded on the New York Stock Exchange for Renren Inc. (RENN), Hertz Global Holdings Inc. (HTZZ), Cloudflare (NET), Acuity Brands Inc. (AYI) and Ovintiv Inc. (OVV).

  • Renren Inc. (RENN) shares soared upon news of a whopping $300M settlement in the lawsuit brought by shareholders against the Chinese social media company.
  • Hertz Global Holdings Inc. (HTZZ) shares popped after the car rental company appointed former Ford CEO Mark Fields as its interim chief executive officer.
  • Shares of cloud network specialist Cloudflare (NET) were up amid a broader rally for growth tech stocks.
  • Acuity Brands Inc. (AYI) shares jumped after the lighting company reported better-than-expected results for its fourth quarter.
  • Ovintiv Inc. (OVV) shares were up following news of the natural gas company’s sustainability efforts including the launch of a new dynamic sustainability website. 

NYSE TOP-PERFORMING STOCKS

STOCK WEEKLY CHANGE CURRENT TRADING PRICE SECTOR
Renren Inc. (RENN) 10.28 (+75.04%) 23.98 Technology
Hertz Global Holdings Inc. (HTZZ) 6.88 (+35.68%) 26.16 Services
Cloudflare (NET) 24.68 (+21.46%) 139.66 Technology
Acuity Brands Inc. (AYI) 29.04 (+16.71%) 202.83 Industrial Goods
Ovintiv Inc. (OVV) 5.29 (+15.97%) 5.39 Basic Materials

 

Last Week’s Top Five Market Losers

Nasdaq Stock Market (NASDAQ)

The last seven days were less than ideal for Agile Therapeutics Inc. (AGRX), Cellectis SA (CLLS), Workhorse Group Inc. (WKHS), Gogo Inc. (GOGO) and Stitch Fix Inc. (SFIX).

  • Agile Therapeutics Inc. (AGRX) shares tanked after the drugmaker announced its plans for an underwritten public offering to sell off common stock.
  • Shares of gene-editing company Cellectis SA (CLLS) plunged after the FDA halted its partner Allogene’s clinical trials. 
  • Workhorse Group Inc. (WKHS) shares dropped after the electric vehicle (EV) company reported low pricing of a securities exchange agreement.
  • Gogo Inc. (GOGO) shares slid after analysts at Morgan Stanley expressed scepticism regarding the Internet services provider’s continued growth.
  • Shares of online apparel retailer Stitch Fix Inc. (SFIX) slipped following an analyst downgrade.

 

NASDAQ WORST-PERFORMING STOCKS

STOCK WEEKLY CHANGE CURRENT TRADING PRICE SECTOR
Agile Therapeutics Inc. (AGRX) -0.3154 (-31.86%)  0.6746 Consumer Goods
Cellectis SA (CLLS) -3.57 (-28.31%) 9.04 Industrial Goods
Workhorse Group Inc. (WKHS) -1.30 (-17.62%)  6.08 Consumer Goods
Gogo Inc. (GOGO) -3.03 (-16.32%) 15.54 Services
Stitch Fix Inc. (SFIX) -6.69 (-16.26%) 34.46 Services

  

New York Stock Exchange (NYSE) 

On the New York Stock Exchange, Pagseguro Digital Ltd. (PAGS), Itau Unibanco Holdings (ITUB), Manchester United (MANU), Skillz Inc. (SKLZ) and Blue Apron Holdings Inc. (APRN) all experienced negative movement over the past week.

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NYSE WORST-PERFORMING STOCKS

STOCK WEEKLY CHANGE CURRENT TRADING PRICE SECTOR
Pagseguro Digital Ltd. (PAGS) -30.73 (-16.22%) 36.57 Financial
Itau Unibanco Holdings (ITUB) -1.07 (-19.42%) 4.44 Financial
Manchester United (MANU)  -3.51 (-17.57%) 16.47 Consumer Goods
Skillz Inc. (SKLZ) -1.68 (-17.27%) 8.05 Technology 
Blue Apron Holdings Inc. (APRN) -1.27 (-15.66%) 6.84 Consumer Goods

 

Highlights and Lowlights

Investors ended a volatile week optimistically when the US Senate agreed to a short-term spending deal, which narrowly averted a debt default and earned Wall Street a modest win. The SPX500 was up 0.8%, the DJ30 climbed 1.3% and the NSDQ100 eked out a 0.1% gain. A disappointing employment report revealed that the economy had added far fewer jobs than expected for the second month in a row.

What’s in Store for the Week?

America’s “big banks” begin reporting earnings this week, including JPMorgan Chase and Bank of America. Also reporting earnings this week is Delta Air Lines, which was among the hardest hit by COVID-19, and whose results could serve as an indication of economic recovery from the pandemic. 

Investors can expect data from the Bureau of Labor Statistics which will shed more light on the state of the US labour market with the Job Openings and Labor Turnover Survey, as well as the Consumer Price Index, which will show whether a spike in consumer prices continued into September.


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