These are some of the stocks making the biggest moves that might interest you as you head into a new trading day. Understand the why and how of their movement to help you make your own investing decisions.
Shares of FireEye recovered from a down-slide caused by hacking with an upward movement of about 33.73% on Friday. The stock was one of several cybersecurity companies rising in light of the SolarWinds breach, which FireEye discovered while investigating its own hacking earlier this month.
FireEye started Friday’s trading with a price of $14.70 hitting as high as $19.89 before closing at 19.30.
BioTelemetry Inc (BEAT)
Its shares soared after Royal Philips said it agreed to buy the wearable heart monitor maker for $2.8 billion in cash. Philips’ current portfolio includes real-time patient monitoring, therapeutic devices, telehealth and informatics.
BlackBerry Limited (BB)
BlackBerry traded on a low as the shared witnessed 16.28% drop on Friday. The drop comes after BlackBerry reported earnings that it described as “solid”, and ahead of analyst expectations. BlackBerry has now racked up $830 million in losses over the past 12 months. Revenue is sliding and profit margins deteriorating.
The once-phone maker shares started Friday’s trading from $7.80 to close at $6.95.
AlloVir Inc (ALVR)
AlloVir fell 15.80% on the trading floor moving from its opening price of $44.06 to close at $35.77. The stock traded low despite previous day’s news that the FDA has cleared its Investigational New Drug (IND) application for ALVR106, an allogeneic, off-the-shelf virus-specific T cell therapy (VST) designed to target infections and diseases caused by respiratory syncytial virus (RSV), influenza, parainfluenza virus (PIV), and human metapneumovirus (hMPV).
The company engages in research, development and commercialization of off-the-shelve VST therapies to prevent and treat severe viral associated diseases.