eToro - News


    486.50 8.00/10
    46% of positive reviews

    Weekly Stock Market Update: New highs for Wall Street

    Last Week’s Top Five Market Winners

    Nasdaq Stock Market (NASDAQ)

    The past week showed significant gains for ORBCOMM Inc. (ORBC), Cara Therapeutics (CARA), IZEA Worldwide Inc. (IZEA), Fintech Acquisition Corp. V (FTCV) and Caesars Entertainment Inc. (CZR).

    • ORBCOMM Inc. (ORBC) shares skyrocketed after the satellite telecommunications company announced that it was going private and was being acquired by GI Partners in an all-cash billion-dollar deal.
    • Cara Therapeutics (CARA) shares jumped after S&P Global division S&P Dow Jones Indices announced that the biotechfirm will be added to its S&P SmallCap 600 index, replacing MTS Systems. 
    • IZEA Worldwide Inc. (IZEA) shares soared after the digital marketing company issued an update indicating strong first-quarter results.
    • Fintech Acquisition Corp. V (FTCV) shares gained as the fintech company with which eToro is set to go public, received positive sentiment from analysts in the midst of a successful wave of SPAC IPOs.
    • Caesars Entertainment Inc. (CZR) shares were up after Morgan Stanley upgraded the casino mogul’s ratings and price targets.



    ORBCOMM Inc. (ORBC) 3.71 ( 47.78%) 11.49 Services
    Cara Therapeutics (CARA) 7.44( 34.21%) 29.19 Healthcare
    IZEA Worldwide Inc. (IZEA) 1.26 ( 32.73%) 5.11 Services
    Fintech Acquisition Corp. V (FTCV) 3.44 ( 31.16%) 14.48 Services
    Caesars Entertainment Inc. (CZR) 16.31 (20.41%) 96.24 Consumer goods


    New York Stock Exchange (NYSE)

    Strong results were recorded on the New York Stock Exchange for Prog Holdings Inc. (PRG), Shift4 Payments Inc. (FOUR), Snapchat Inc. (SNAP), Revolve Group Inc. (RVLV) and Square, Inc. (SQ).

    • Prog Holdings Inc. (PRG) shares got a boost from an across-the-board consensus recommendation of Buy from analysts. 
    • Shift4 Payments Inc. (FOUR) shares hit new all-time highs after the digital payments platform reported a recent surge in transaction volume, including end-to-end payment volume of $3.3 billion last month, up 40% from February and 82% year-over-year.
    • Snapchat Inc. (SNAP) shares popped after reporting great metrics such as increased revenue and daily active users, getting investors excited about the social media app after three years of so-so performance.
    • Revolve Group Inc. (RVLV) shares climbed after the e-commerce apparel company got a price target hike by analysts in anticipation of the economic reopening and consumer demand for dressier apparel.  
    • Square, Inc. (SQ) shares jumped when Barclays optimistically raised its price target on the point-of-sale credit card processor following international coverage by French investment bank Oddo BHF.


    Prog Holdings Inc. (PRG) 17.92 ( 68.90%) 43.93 Consumer Goods
    Shift4 Payments Inc. (FOUR) 14.33 ( 16.46%) 101.40 Consumer Goods
    Snapchat Inc. (SNAP) 8.72 ( 16.02%) 63.16 Technology
    Revolve Group Inc. (RVLV) 6.56 ( 14.47%) 51.88 Services
    Square, Inc. (SQ) 32.14 ( 14.00%) 261.65 Services


    Last Week’s Top Five Market Losers

    Nasdaq Stock Market (NASDAQ)

    The last seven days were less than ideal for Sunworks Inc. (SUNW), ACADIA Pharmaceuticals Inc. (ACAD), Gevo Inc. (GEVO), Tellurian Inc. (TELL) and HTG Molecular Diagnostics Inc. (HTGM).

    • Sunworks Inc. (SUNW) shares ended a volatile week in the red after the solar energy provider announced its purchase of privately held residential solar systems company Solcius for $51.8 million.
    • ACADIA Pharmaceuticals Inc. (ACAD) shares plunged as a national securities litigation firm announced its investigation of the biotech company for potential violations of federal securities laws.
    • Gevo Inc. (GEVO) shares lagged after the renewable energy company issued a negative business update in a dip for the clean energy sector this week. 
    • Tellurian Inc. (TELL) shares slid due to analysts downgrading the Texan oil and gas company’s rating.
    • HTG Molecular Diagnostics Inc. (HTGM) shares dropped after the life sciences company failed to meet revenue expectations for the first quarter of 2021.



    Sunworks Inc. (SUNW) -3.68 (-21.65%) 13.32 Consumer Goods
    ACADIA Pharmaceuticals Inc. (ACAD) -5.20 (-20.32%) 20.39 Consumer Goods
    Gevo Inc. (GEVO) -1.77 (-17.75%)  8.20 Consumer Goods
    Tellurian Inc. (TELL) -0.43 (-17.27%) 2.06 Consumer Goods
    HTG Molecular Diagnostics Inc. (HTGM) -0.89 (-15.21%) 4.96 Consumer Goods


    New York Stock Exchange (NYSE) 

    On the New York Stock Exchange, Asensus Surgical Inc. (ASXC), GameStop Corp. New (GME), GSX Techedu Inc. (GSX), Southwestern Energy Co. (SWN) and Sunnova Energy international Inc. (NOVA) stocks all experienced negative movement over the past week.



    Asensus Surgical Inc. (ASXC) -0.89 (-25.43%) 2.61 Consumer Goods
    GameStop Corp. New (GME) -6.83 (-17.28%) 158.36 Services
    GSX Techedu Inc. (GSX) -5.02 (-15.60%) 27.16 Technology
    Southwestern Energy Co. (SWN) -0.73 (-15.05%) 4.12 Basic Materials
    Sunnova Energy international Inc. (NOVA) -5.60 (-13.64%) 35.46 Consumer Goods


    Highlights and Lowlights

    All three major US indexes gained this week, with the DJ30 ( 2%) and the SPX500 ( 2.8%) in the green for the third week in a row and pushing record levels higher. NSDQ100 exceeded both this week with a 3.1% gain. Large-cap growth stocks outperformed their value counterparts by a wide margin for the second week in a row. Similar to the previous week, tech stocks set record highs while investors seemed to spurn those more sensitive to cyclical economic movements.

    Meanwhile economic indicators were mixed for the week. The services sector posted record growth, but more initial claims for unemployment benefits than expected were filed for the second week in a row.


    What’s in Store for the Week?

    Earnings season continues with PepsiCo, Bank of America, Citigroup and Delta Airlines reporting in the week ahead.

    The US Bureau of Labor Statistics will release the Consumer Price Index on Tuesday, and export and import prices on Wednesday. The retail sales report by the US Census Bureau will be released on Thursday, and housing starts report on Friday.


    Join eToro Today
    Your capital is at risk.

    To leave a comment you must or Join us

    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree