Shares of GameStop, AMC Entertainment, and a few others took center-stage last week, Friday’s session was no exception. We have highlighted below some of the reasons for the price movements.
Shares of GameStop bounced back to rise about 67% on Friday after Robinhood and other trading platforms lifted restrictions on the stock. It simply continued its drive back up as it moved from the previous day’s closing of $193.60 to close at $325. While the SEC has promised to ensure that trading is executed fairly, trading platforms warn about the volatility and retail investors continue to demand why the stock was restricted.
Novavax Inc (NVAX)
As soon as NVAX announced on Thursday night that its COVID-19 vaccine shows 89% efficacy in the UK, 60% in South Africa, the price of the stock jumped. Its share price went as high as 64% moving from its 134.01 to close Friday at around $220.
AMC Entertainment Holdings (AMC)
AMC shares traded within the normal region on Friday but the stock price went up about 53.65% moving from its previous day’s closing of $8.63 to close Friday’s session at $13.12.
Vaxart Inc (VXRT)
Shares of the clinical-stage biotechnology company grew 38.01% despite trading with their normal range. The share price moved up from $8.92 to close Friday at $11.98
KOSS Corporation (KOSS)
KOSS Shares had gone up more than 70% in the premarket session owing to social media influencers. Friday’s trading saw the share price rise about 52.54% as it moved from 41.96 to close at 64%.