Out of all the markets around the world, the most interesting and highly adopted one is the stocks market. It is known for demonstrating a constant rise and fall in the stock prices of different companies. Every day, a new company makes it to the top of the list demonstrating significant growth in their share prices and mass adoption.
This time, there were five companies that demonstrated significant growth and surge in terms of their stock prices. They have managed to demonstrate such positive results on Friday, July 16, 2021. Some skimmed details about the companies have been shared below.
The first company is Moderna that has experienced a surge in its stock prices on Friday, July 16, 2021. The company has experienced around a 12% increase in terms of its stock price. The data around the company shows that it has experienced a surge following the addition to the S&P 500 Index.
The S&P 500 Index is one of the most prominent, highly observed, and monitored exchanges. It is constantly bringing in more companies and showing promising results around the companies.
Data shows that Moderna, a prominent vaccine maker was able to make it to the S&P 500 Index after its parent company AstraZeneca acquired Alexion Pharmaceuticals. The acquisition of Alexion Pharmaceuticals cost the company a whopping $39 billion.
The next company is MoneyGram that experienced a rise of 2.9% in stock prices. The money transfer services company also managed to gain public interest after it made an announcement around an acquisition. The company officials revealed that they were planning to acquire a private equity firm, which triggered a rally for the company and its stock price rose by 2.9%.
The sources have hinted that the company it is planning to acquire might be Advent, which is a private equity group.
The third company is GX Acquisition that has reported a 27% rise in stock prices on Friday, July 16, 2021. GX Acquisition is a special purpose acquisition company (SPAC), which recently underwent a much-anticipated merger. The reports confirm it recently formed a merger with Celularity, which is a clinical-stage cellular medicine company.
The fourth company is Byrna Technologies, which has reportedly experienced a 13% rise in its stock price. Byrna Technologies is a company that provides personal security devices. The company recently underwent an initial public offering (IPO), where it launched 2.5 million common shares. The company set the price of each share at $21 and as a result, the company was able to make $52.5 million in the form of proceeds.
The fifth company is Zynex, which reported an 11% increase in its price following a report pertaining to the company’s order growth in the second quarter of 2021. The company revealed that it had experienced a growth in its stock price from $19 per share to $19.5 per share in the second quarter of 2021.