Shares of Ceragon Network Ltd (CRNT), Senseonics Holdings, Inc (SENS), Tellurian Inc (TELL) were among market movers last Friday. We have highlighted below some of the reasons for the price movements.
Ceragon Network Ltd (CRNT)
Ceragon’s earnings aren’t due out until February 8, 2021; there was no company news; no analyst upgrade; nothing but the company’s share jumped 55.89% in last Friday’s trading session. Social media conversation about 5G companies was the only notable reason why the stock could have been trading higher. Its opening price was at $3.07 to close at $4.85 on the trading day.
Senseonics Holdings, Inc (SENS)
Shares of senseonics traded within normal range with a price movement of about 31% triggered by moves in the options market. That is because the Feb 19, 2021 $1.00 Call had some of the highest implied volatility of all equity options on the day. The price had previously close at $1.20, began Friday’s trading from $1.84 to close at $1.58.
Tellurian Inc (TELL)
TELL shares traded as high as 25.29% with its price moving from $1.73 opening and closing at $2.13 in the day’s session. A pronouncement from one of the top executive at the company provided some hope for investors. Charif Souki, Tellurian’s co-founder and executive chairman, said the company is aiming to begin construction on Driftwood LNG this summer, saying that it’s “probably the project that is the closest to starting construction.”
Triterras Inc (TRIT)
TRIT’s shares traded lower following the emergence of the news reminding the company of a Class Action Lawsuit filed on behalf of investors who purchased Triterras stock or other securities (NASDAQ:TRIT) between August 20, 2020 and December 16, 2020. The price went down from its opening at $10.80 to close at $8.08 which is around 25% fall. The coming days will be interesting for the stock as the financial technology looks to explain its margins.
Poshmark Inc (POSH)
Shares of Poshmark fell more than 18% on Friday despite its strong performance on its first trading session a day before. POSH was priced at $40 as the company seemed to have underestimated demand only to close the day’s trading at $101.50 but did not sustain the momentum next day. Its priced closed Friday $83.20 after opening at $94.38.