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Coinbase, Rivian Automotive, Instacart, HubSpot And Other Big Stocks Moving Higher On Friday
U.S. stocks were lower, with the Dow Jones falling around 0.2% on Friday.
Shares of Coinbase Global Inc (NASDAQ:COIN) rose sharply during Friday's session after the company reported better-than-expected fourth-quarter adjusted EPS results.
Coinbase reported fourth-quarter total revenue of $1.78 billion, down 5% quarter-over-quarter. The revenue total missed a Street consensus estimate of $1.85 billion, according to data from Benzinga Pro. The company reported 66 cents in adjusted earnings per share for the quarter, beating a Street consensus estimate of 64 cents per share.
Coinbase shares jumped 13% to $159.44 on Friday.
Here are some other big stocks recording gains in today’s session.
- Corsair Gaming, Inc. (NASDAQ:CRSR) shares jumped 63% to $7.47 after the company reported better-than-expected quarterly financial results.
- Tri Pointe Homes Inc (NYSE:TPH) gained 26.7% to $46.33 after the company announced it will be acquired by Sumitomo Forestry.
- Cooper-Standard Holdings Inc (NYSE:CPS) gained 26% to $43.21 following fourth-quarter results.
- Rivian Automotive Inc (NASDAQ:RIVN) surged 19.2% to $16.68 after the company reported better-than-expected quarterly financial results. Also, Deutsche Bank upgraded the stock from Hold to Buy and raised its price target from $16 to $23.
- Magna International Inc (NYSE:MGA) jumped 17.7% to $68.09 after the company reported better-than-expected quarterly financial results and issued FY26 adjusted EPS guidance above estimates.
- Instacart (NASDAQ:CART) gained 16.9% to $38.88 after the company reported better-than-expected quarterly sales results.
- Mitek Systems Inc (NASDAQ:MITK) gained 13.6% to $13.07.
- Hycroft Mining Holding Corporation (NASDAQ:HYMC) gained 13% to $37.42.
- Procore Technologies Inc (NYSE:PCOR) gained 11.6% to $53.44 after the company reported better-than-expected quarterly financial results and issued FY26 sales guidance above estimates.
- Applied Materials Inc (NASDAQ:AMAT) gained 10.1% to $361.58 after the company reported better-than-expected first-quarter financial results and issued second-quarter guidance above estimates.
- ICON PLC (NASDAQ:ICLR) gained 10% to $88.07.
- HubSpot Inc (NYSE:HUBS) jumped 9.2% to $249.93 after the company reported better-than-expected fourth-quarter financial results and issued FY26 guidance above estimates.
- DexCom Inc (NASDAQ:DXCM) gained 8.8% to $70.78 following quarterly results.
- Roku Inc (NASDAQ:ROKU) gained 8.5% to $90.02 after the company reported better-than-expected fourth-quarter financial results and issued first-quarter sales guidance above estimates.
- Toast Inc (NYSE:TOST) jumped 7.9% to $28.21 after the company reported quarterly financial results. The company authorized a $500 million increase to its share repurchase program.
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