WISCONSIN (CoinChapter.com) — After climbing more than 200 points to session highs, the Dow Jones Industrial Average dropped 38 points, or 0.1%. The NASDAQ Composite fell 0.4%, while the S&P 500 fell around 0.3%.
Here are the five best stock market gainers:
Affirm Holdings Inc. (NASDAQ: AFRM)
Affirm Holdings Inc. (NASDAQ: AFRM) stock went through a significant sell-off, reaching its lowest point since July 10 at $13.70 on Thursday after forming a double-top pattern at $19.81 in June and August. However, Affirm’s stock soared Friday after shrugging off fears, bouncing back on the back of stronger-than-expected financial results.
As a leading force in the buy now, pay later (BNPL) sector, Affirm reported a Gross Merchandise Volume (GMV) of $5.5 billion during the quarter, showing a marked increase from $4.4 billion in the same quarter in 2022.
Hibbett Inc. (NASDAQ: HIBB)
Hibbett Inc. (NASDAQ: HIBB) stock witnessed a significant uptrend, with a 9% surge in the premarket trade on Friday, then trading up over 22%. This performance comes after the sporting goods retailer exceeded profit expectations for the second quarter and reiterated its guidance for the full year.
The news was well received by investors, especially in light of disappointing numbers from larger competitors such as Dick’s Sporting Goods Inc. and Foot Locker Inc., both of which have been grappling with margin pressures due to increased shoplifting incidents.
These developments have had a negative impact on Nike Inc.’s stock, owing to concerns about a potential slump in demand as the holiday season approaches.
VinFast Auto Ltd. (NASDAQ: VFS)
Shares of low-float company VinFast Auto Ltd. (NASDAQ: VFS) surged Friday, marking a significant increase of 16.1%, following a 32.3% rise in the preceding Thursday’s session.
This impressive performance has pushed the electric vehicle startup VinFast Auto Ltd.’s market capitalization to an astounding $231.3 billion, exceeding well-established automakers such as Ford Motor Co. and General Motors Co.
Ford’s market cap is $47 billion, and GM’s is $45.2 billion.
Sacks Parente Golf Inc. (NASDAQ: SPGC)
Sacks Parente Golf Inc. (NASDAQ: SPGC) has traded in dramatic fashion over the past week, with the share price reaching $3.01 on Monday and only a day later selling off to $2.31. The numbers are small, but the percentages are high.
No news was released today, but buyers were back. The most recent news announced was an IPO which commenced on August 15, 2023. The company, a leading innovator in the golf industry, offered 3,200,000 shares of common stock at $4.00 per share.
They have extensive golf products, including golf shafts, putting instruments, and golf grips.
Ubiquiti Inc. (NYSE: UI)
Ubiquiti Inc. (NYSE: UI), a leading multinational technology corporation, reported its financial results for the fourth quarter and full fiscal year 2023 ending June 30, 2023. The Q4 fiscal 2023 results show revenues of $491.1 million, a GAAP diluted EPS of $1.72, and a Non-GAAP diluted EPS of $1.73.
For the full fiscal year 2023, the company amassed revenues of $1.9 billion, with a GAAP diluted EPS of $6.74 and a Non-GAAP diluted EPS of $6.80. A key highlight was the announcement by the Company’s Board of Directors of a cash dividend of $0.60 per share, payable on Sep 11, 2023, to shareholders on record at the close.
