Top Moving Stocks for Friday 5/02/2021

Top moving stocks

Shares of Atlantic America Corp. (AAME) more than doubled its price, Taredata Corporation (TDC) was up about 33%,Bill.com Holdings Inc (BILL) rose 34% among other stocks that made the headlines. We have highlighted below some of the reasons for the price movements.

Atlantic America Corp.(AAME)
AAME shares more than doubled to $2.20 as the stock gets talked up on Twitter despite not having any company-specific news to justify the price action. It reached as high as $15.97 earlier in the session. It started trading at $2.39 to close trading on Friday.

Taredata Corporation (TDC)
TDC Shares traded within their normal range in Friday’s session but the stock grew about 33%. The company focused on providing database and analytics-related software has been moving aggressively to roll out cloud-based versions of its software, as it pushes to compete with Snowflake (SNOW) and other new competitors. Its price per share moved from its previous day’s closing at $27.05 to close Friday at $37.

Bill.com Holdings Inc (BILL)
Shares of BILL rose 34.38% after several analysts raised the price target for the stock. The stock started trading at $166 to close Friday at $184.69. Bill.com’s recent earnings beat is also a strong catalyst for growth today.

Magnite Inc. (MGNI)
MGNI shares traded within their normal range on Friday but saw a growth of about 33.93% which could be as a result of the company’s announcement of its acquisition of SpotX, a video advertising platform from RTL Group for $1.17 billion in a cash and stock transaction. Its share price moved from its previous day’s closing at $43.49 to close at $54.95.