Hibbett, American Software, Ardelyx And Other Big Stocks Moving Higher On Friday
Portfolio Pulse from Lisa Levin
Several US stocks recorded gains on Friday, with Affirm Holdings, Inc. (AFRM), Hibbett, Inc. (HIBB), American Software, Inc. (AMSWA), and Ardelyx, Inc. (ARDX) among the notable movers. AFRM's shares jumped 24.7% following better-than-expected Q4 results and guidance. HIBB climbed 21.8% after reporting upbeat quarterly earnings. AMSWA rose 10% following positive quarterly earnings. ARDX climbed 9% after Cantor Fitzgerald upgraded the stock from Neutral to Overweight and raised the price target.
August 25, 2023 | 2:57 pm
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POSITIVE IMPACT
Affirm Holdings reported better-than-expected Q4 results and issued guidance, leading to a 24.7% jump in its stock.
Positive earnings reports typically lead to a rise in stock prices as they indicate good financial health and performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
American Software, Inc. reported positive quarterly earnings, leading to a 10% rise in its stock.
Positive earnings reports typically lead to a rise in stock prices as they indicate good financial health and performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Ardelyx, Inc. was upgraded by Cantor Fitzgerald from Neutral to Overweight and had its price target raised, leading to a 9% rise in its stock.
Analyst upgrades and raised price targets typically lead to a rise in stock prices as they indicate increased confidence in the company's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Hibbett, Inc. reported upbeat quarterly earnings, resulting in a 21.8% rise in its stock.
Positive earnings reports typically lead to a rise in stock prices as they indicate good financial health and performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100