GameStop, Sierra Wireless, Jumia: 5 Top Stock Gainers for Friday

Stocks ended mixed Friday with the Nasdaq reaching a record close high while coronavirus infections spiked and countries threaten stricter lockdowns.

Here of some of the top stock gainers for Thursday:

1. GameStop | Percentage Increase 50%

Shares of videogame retailer GameStop  (GME) – Get Report skyrocketed Friday after Andrew Left, managing partner of short seller Citron, said the firm was abandoning the stock because of harassment from bulls.

2. Sierra Wireless | Percentage Increase 17%

Sierra Wireless  (SWIR) – Get Report rose after the communications-equipment company said it expected fiscal fourth-quarter and first-quarter revenue to exceed analysts’ expectations as it shifted toward becoming a provider of internet-of-things solutions. 

3. Climate Change Crisis Real Impact | Percentage Increase 65%

Special purpose acquisition company Climate Change Crisis Real Impact CLII rocketed after a media report said it was close to a deal to merge with EVgo Services, a charging network for electric vehicles powered by renewable energy. 

The merger would value the combined entity in excess of $2 billion.

4. Diamondback Energy | Percentage Increase 4.9%

Diamondback Energy  (FANG) – Get Report was advancing after Cowen analyst David Deckelbaum recently raised his price target on the stock to $74 from $60 while keeping an outperform rating on the shares. 

The analyst expects the company to post a constructive update on the pending Guidon/QEP deals though formal guidance will likely come after the deals close.

5. Jumia Technologies | Percentage Increase 25%

Jumia Technologies  (JMIA) – Get Report advanced after Citron Research recently tweeted that the e-commerce platform’s stock was on its way to $100 a share and called it the “largest opportunity in e-commerce.” The firm had accused Jumia Technologies of fraud last year.

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