Shares of Energous (WATT) surge more than 90%, Canaan (CAN) grew a little over 43%, Renren (REN) was up 33.54% among other stocks making the headlines. We have highlighted below some of the reasons for the price movements.
Energous Corporation (WATT)
Shares of Energous soared 94.36% amid rumors that the wireless charging company was working with Apple on a magnetically attached battery pack for the newest iPhones that would wirelessly charge the handsets. The stock had closed Thursday’s session at $3.72, opened Friday at $5.89 to close at $7.23 per share price.
Canaan Inc (CAN)
Canaan shares traded within their normal range but enjoyed a rise of about 43.05% opening trading at $19.15 to close at $24.79 per share. The company provides semiconductor solutions.
Renren Inc (RENN)
Shares of RENN grew 33.54% despite trading within their normal range. The share price went from the previous closing of $8.11 to $10.75. RENN is a Chinese social media, and one of the investments that are going to offer Renren a big payout soon is Social Finance (SoFi).
Tuniu Corp. (TOUR)
Tuniu corporation rose 24.46% as its share price went from its previous day’s closing of $3.27 to close Friday at $4.07. The company is a Chinese online travel agency with products and services such as accommodation reservations, airline and railway ticketing, car rental, and corporate travel.