Zinger Key Points
- Rivian Automotive gained 30% following a JV with Volkswagen.
- Carvana shares gained 11.93% after updating its operating plan and capital structure .
- Get New Picks of the Market's Top Stocks
These ten large-cap stocks were the best performers in the last week. Are they in your portfolio?
- Rivian Automotive, Inc. RIVN shares surged 30.04% in the last week following a report suggesting the company has simplified its output, cut costs and announced plans for a joint venture with Volkswagen.
- Carnival Plc CUK stock gained 17.78% on continued strength following better-than-expected Q2 earnings.
- FedEx Corporation FDX stock soared 17.51% in the last week on better-than-expected Q4 financial results and guidance. Also, the company announced it expects to buy back $2.5 billion worth of stock in FY25. Several analysts raised the price forecasts on the stock.
- Samsara Inc. IOT stock advanced 16.37% after RBC Capital reiterated an Outperform rating and maintained its price target of $47.
- Suzano S.A. SUZ shares rose 12.24% after it dropped the acquisition pursuit of International Paper Co. IP.
- Carvana Co. CVNA shares increased 11.93% after updating on its operating plan and capital structure at the William Blair 44th Annual Growth Stock Conference in early June.
- FTAI Aviation Ltd. FTAI stock gained 11.55% in the last week.
- Reddit, Inc. RDDT shares surged 11.08% after the company announced a policy update to block automated website scraping.
- Mongodb Inc MDB stock gained 10.57% in the last week.
- Alnylam Pharmaceuticals, Inc. ALNY shares rose 10.82% amid possible continued strength after the company announced topline results from its HELIOS-B Phase 3 study of vutrisiran. Also, multiple analyst firms raised their price forecasts on the stock.
Read Next:
Photo Courtesy of Rivian
RIVNRivian Automotive Inc
$14.102.55%
ALNYAlnylam Pharmaceuticals Inc
$243.250.41%
CUKCarnival PLC
$23.29-0.17%
FDXFedEx Corp
$271.801.04%
FTAIFTAI Aviation Ltd
$128.00-0.03%
IOTSamsara Inc
$45.800.37%
IPInternational Paper Co
$55.111.14%
MDBMongoDB Inc
$242.80-0.05%
MSTRMicroStrategy Inc
$357.007.46%
RDDTReddit Inc
$178.105.63%
SUZSuzano SA
$9.960.40%
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