NuScale Power, Stagwell And Other Big Stocks Moving Higher On Friday
Portfolio Pulse from Lisa Levin
Several US stocks recorded gains in Friday's session. Notably, TROOPS, Inc. (TROO) surged 14.9%, NuScale Power Corporation (SMR) jumped 13.3% after Standard Power chose its SMR technology for two projects, and Scholar Rock Holding Corporation (SRRK) climbed 11% after completing enrollment for a Phase 3 trial. Overstock.com (OSTK) gained 11.4% after a director bought 31,800 shares, and Edgewise Therapeutics (EWTX) rose 10.4% after starting enrollment for a pivotal study. Pioneer Natural Resources (PXD) gained 9.8% following a report of a potential acquisition by Exxon Mobil (XOM), and Stagwell Inc. (STGW) gained 9.7% after a Buy rating initiation and $8 price target announcement.
October 06, 2023 | 4:10 pm
News sentiment analysis
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POSITIVE IMPACT
Edgewise Therapeutics, Inc. rose 10.4% after starting enrollment for a pivotal study.
The start of enrollment for a pivotal study is a positive development for Edgewise Therapeutics, which could potentially drive further gains in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Overstock.com, Inc. gained 11.4% after Director Marcus Lemonis bought 31,800 shares of the company.
The purchase of a significant number of shares by a director is a positive signal that could potentially drive further gains in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Pioneer Natural Resources Company gained 9.8% following a report suggesting Exxon Mobil Corporation is nearing a $60 billion deal to buy the company.
The potential acquisition by Exxon Mobil is a significant development that could drive further gains in the short term.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
NuScale Power Corporation shares jumped 13.3% after Standard Power chose the company's approved SMR technology for two projects.
The selection of NuScale's technology for two projects by Standard Power is a positive development that could drive further gains in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Scholar Rock Holding Corporation shares climbed 11% after the completion of enrollment for the Phase 3 SAPPHIRE trial.
The completion of enrollment for the Phase 3 trial is a positive milestone for Scholar Rock, which could potentially drive further gains in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Stagwell Inc. gained 9.7% after Craig-Hallum initiated coverage on the stock with a Buy rating and announced an $8 price target.
The initiation of coverage with a Buy rating and a price target announcement is a positive signal that could potentially drive further gains in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
TROOPS, Inc. shares surged 14.9% to $4.4250.
The surge in TROO's stock price indicates positive market sentiment, which could potentially continue in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100