Top Moving Stocks for Monday 21/12/2020

Top moving stocks

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.

Allovir Inc (ALVR)
Although shares of Allovir traded within normal range on the day, it made a 9.59% move from an opening price of $34.66 to close at $39.20. Analyst had predicted that the stock would increase over 30% in the next twelve months with an average rating of strong buy.

FireEye (FEYE)
FireEye continues to climb as it saw a 5% increase despite Truist Securities’ downgrade of the stock from Buy to Hold. It was downgraded to hold from buy with a $17 price target at Truist. FireEye shares at last check were up 3.9% at $19.97. They touched a 52-week high $20.80 on Monday, up 8.2%. The stock has well more than doubled off its 52-week low above $7.50, set in mid-March.

The shares opened trading from $18.00 to close at $20.80

Goldman Sachs Group Inc (GS)
The shares traded higher after the Federal Reserves loosened share buyback restrictions. It opened trading with a price of $250.39 to close at $256.98 accounting for around 6.13% on the day.

Goldman Sachs received several analyst upgrades on Monday, which is helping it outperform the overall financial sector. Investment-banking peer Morgan Stanley increased its price target on Goldman to $291 from $273, citing increased trading revenue and the stress-test results. And Wells Fargo is even more optimistic, giving Goldman a $320 price target and an “overweight” rating.”

BlackBerry (BB)
Shares of BlackBerry traded within their normal range with an slight 2.30% movement opening at $6.85 and closed at $7.11 hitting a high of $7.20 on the day. Responsible fo rthe slight movement could be as a result of the settlement reached between the company and Finnish company Nokia over all infringement proceedings across the US and Germany in early November. Now Nokia has to pay $50 billion to BlackBerry.