This week, which stocks lagged or dragged? Weekly Winners column keeps up with market trends, helping Tigers sort out the week's hottest sectors, stock winners and important news.
Below are the top 10 gainers for stocks in the US market with a market cap above $20B for the week ended Aug 1:
Shares of design software vendor Figma popped 270% this week.
Figma shares jumped 250% in their public debut on Thursday after the design software maker and some of its shareholders raised $1.2 billion in an IPO, with the trading valuing the company far above the $20 billion mark it would have reached in a now-scrapped merger with Adobe Inc.
Shares of the San Francisco-based firm closed at $115.50 each on Thursday in New York, more than tripling the IPO price of $33 apiece. The trading gives Figma the largest first-day pop in at least three decades for a US-traded company raising more than $1 billion, data compiled by Bloomberg show.
Reddit stock soared more than 26% this week after the social media platform reported second quarter revenue that surpassed Wall Street's expectations.
The social media's revenue grew 78% to $500 million, its fastest revenue growth in three years, according to the company. That figure was ahead of the $425 million projected by Wall Street analysts tracked by Bloomberg.
In its results released late Thursday, Reddit also reported adjusted earnings per share of $0.92, ahead of the estimated $0.72.
E-commerce firm eBay forecast third-quarter revenue above Wall Street expectations and beat revenue estimates on Wednesday, helped by robust demand for collectibles and renewed interest in Pokémon cards. Its shares are up 13% this week.
EBay is likely to compete well in an environment of higher product prices due to tariffs and a macroeconomic downturn, analysts have said.
Carvana Co. stock soared 11% this week after the online used car seller posted a blowout quarter with record sales and profit per unit sold.
The company said it sold more than 143,280 vehicles in its second quarter, up 41% from the same period a year earlier. Revenue climbed by more than 40% to $4.84 billion, the highest level in the company's history.
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