A quiet week on Wall Street

Last Week’s Top Five Market Winners

Nasdaq Stock Market (NASDAQ)

The past week included significant gains for Urban One Inc. (UONE), Adamis Pharmaceuticals Corp. (ADMP), 9F Inc. (JFU), Workhorse Group Inc. (WKHS) and Canaan Inc. (CAN).

  • Urban One Inc. (UONE) shares soared amid investor anticipation of Juneteenth, which celebrates the emancipation of slaves in the US, since the minority-owned multimedia company saw a run-up last year. 
  • Adamis Pharmaceuticals Corp. (ADMP) shares jumped following a report by the National Institutes of Health (NIH) that the biotech company’s experimental drug TEMPOL could be promising as an oral treatment for COVID-19.
  • 9F Inc. (JFU) shares soared in response to a date set for shareholders to discuss changing the Chinese financial services company’s name to ‘Ether Securities, Inc.’ which would formalise its focus on brokering stocks.
  • Workhorse Group Inc. (WKHS) shares popped when the electric vehicle (EV) specialist joined a group of meme stocks favoured by Reddit users looking to pump share prices.
  • Canaan Inc. (CAN) shares were up as Bitcoin prices stabilising coincided with the mining hardware maker posting solid first-quarter results. 


Urban One Inc. (UONE)5.71 (+77.69%)13.06Services
Adamis Pharmaceuticals Corp. (ADMP) 0.3116 (+45.26%)1.00Consumer goods
9F Inc. (JFU)0.57 (+41.61%)1.94Financial
Workhorse Group Inc. (WKHS)3.68 (+39.27%)13.05Consumer goods
Canaan Inc. (CAN)2.57 (+30.60%)10.97Technology

New York Stock Exchange (NYSE)

Strong results were recorded on the New York Stock Exchange for AMC Entertainment Holdings Inc. (AMC), BlackBerry Limited (BB), Asensus Surgical Inc. (ASXC), Callon Petroleum Co. (CPE) and Cloudera Inc. (CLDR).

  • Shares of AMC Entertainment Holdings Inc. (AMC) skyrocketed after the movie theatre chain launched its new AMC Investor Connect program, which rewards shareholders with special perks.
  • BlackBerry Limited (BB) shares surged due to renewed interest in so-called “meme stocks” in which the mobility technology company was swept up.
  • Asensus Surgical Inc. (ASXC) shares soared while the medical device company’s 2021 Annual Meeting of Stockholders took place this week.
  • Callon Petroleum Co. (CPE) shares were up, along with other energy stocks, following a rally in oil prices thanks to an optimistic update from OPEC.
  • Cloudera Inc. (CLDR) shares spiked after the data software company announced a deal to be purchased by private equity firms Clayton, Dubilier & Rice and KKR.


AMC Entertainment Holdings Inc. (AMC)21.79 (+83.42%)47.91Consumer Goods
BlackBerry Limited (BB)3.79 (+37.64%)13.86Technology
Asensus Surgical Inc. (ASXC)0.65 (+27.78%)2.99Consumer Goods
Callon Petroleum Co. (CPE)9.29 (+24.15%)47.76Consumer Goods
Cloudera Inc. (CLDR)2.98 (+23.17%)15.84Technology

Last Week’s Top Five Market Losers

Nasdaq Stock Market (NASDAQ)

The last seven days were less than ideal for Globalstar (GSAT), MannKind Corp. (MNKD), iRhythm Technologies Inc. (IRTC), Veracyte Inc. (VCYT) and FireEye (FEYE).

  • Globalstar (GSAT) shares tanked this week with no recent news about the mobile satellite services provider that might have caused this volatility.
  • MannKind Corp. (MNKD) shares dropped following a report on the global dry powder inhaler device market, in which the biopharmaceutical company and its competition were analysed.
  • iRhythm Technologies Inc. (IRTC) shares sank after the cardiac care company announced that President and CEO Michael Coyle would be stepping down.
  • Veracyte Inc. (VCYT) shares dipped after the genomic diagnostics company closed a deal to acquire HalioDx. 
  • FireEye (FEYE) shares declined after the cybersecurity company announced major changes to its business, including plans to buy back $500 million in stock.


Globalstar (GSAT)-0.43 (-26.88%) 1.17Technology
MannKind Corp. (MNKD)-0.81 (-18.33%)3.61Consumer Goods
iRhythm Technologies Inc. (IRTC)-13.37 (-17.72%) 62.09Consumer Goods
Veracyte Inc. (VCYT)-6.11 (-15.65%)32.94Consumer Goods
FireEye (FEYE)-3.45 (-15.42%)18.92Technology

New York Stock Exchange (NYSE) 

On the New York Stock Exchange, TAL Education Group ADR (TAL), GSX Techedu Inc. (GOTU), Resolute Forest Products Inc. (RFP), Inspire Medical Systems Inc. (INSP) and ZIM Shipping Services Ltd. (ZIM) stocks all experienced negative movement over the past week.


TAL Education Group ADR (TAL)-9.97 (-24.94%)30.00Consumer Goods
GSX Techedu Inc. (GOTU)-4.30 (-23.19%)14.24Technology
Resolute Forest Products Inc. (RFP)-2.60 (-15.41%)14.27Consumer Goods
Inspire Medical Systems Inc. (INSP)-29.37 (-15.12%)164.93Consumer Goods
ZIM Shipping Services Ltd. (ZIM)-6.41 (-13.81%)39.99Industrial Goods

Highlights and Lowlights

Major US indexes posted modest gains for the second week in a row. The SPX500 and the DJ30 rose 0.6% and 0.7% respectively, bringing them just shy of record highs set four weeks ago. The NSDQ100 added a very modest 0.5% gain.

The monthly employment report showed continued, albeit moderate, improvement in job growth and the unemployment rate, with the last two monthly gains being smaller than those for March 2021.

What’s in Store for the Week?

With the earnings season behind us and a relatively quiet calendar for next week, investors will likely focus on the pace at which the US economy continues to recover, as well as look for signs that the Fed may begin tightening its monetary policies.


You should seek advice from an independent and suitably licensed financial advisor and ensure that you have the risk appetite, relevant experience and knowledge before you decide to trade. Under no circumstances shall ADR Investors or eToro have any liability to any person or entity for (a) any loss or damage in whole or part caused by, resulting from, or relating to any transactions related to CFDs or (b) any direct, indirect, special, consequential or incidental damages whatsoever. Trading with ADR Investors via eToro by following and/or copying or replicating the trades of other traders involves a high level of risk, even when following and/or copying or replicating the top-performing traders. Such risks includes the risk that you may be following/copying the trading decisions of possibly inexperienced/unprofessional traders, or traders whose ultimate purpose or intention, or financial status may differ from yours. Past performance of an eToro Community Member is not a reliable indicator of their future performance. Content on eToro’s social trading platform is generated by members of its community and does not contain advice or recommendations by or on behalf of eToro | Copyright © adrinvestors.com | an eToro partner.

Past performance is not an indication of future results.
General Risk Disclosure | Terms & Conditions

Create your website with WordPress.com
Get started
%d bloggers like this: