Market Movers: A Look at Friday's Top Performers
U.S. Market Overview and Key Gainers
The U.S. stock market experienced a strong close on Friday, with the Dow Jones index notably advancing by more than 200 points. This upward trend was fueled by a variety of positive corporate developments across different sectors.
Crinetics Pharmaceuticals' Significant Ascent
Crinetics Pharmaceuticals, Inc. (CRNX) saw a substantial increase in its share price. The surge followed the FDA's approval of PALSONIFY, a key product for the company. Adding to this positive momentum, prominent financial firms Baird and JMP Securities both revised their price targets for the stock upwards, reflecting increased confidence in its future performance. By the end of trading, Crinetics Pharmaceuticals' shares had climbed by 23.7% to reach $44.41.
Other Companies Demonstrating Strong Performance
Beyond Crinetics, a range of other companies also posted impressive gains during Friday's trading session. Aquestive Therapeutics, Inc. (AQST) experienced a 21.2% rise, closing at $6.38. Perpetua Resources Corp. (PPTA) saw an 18% increase to $22.43 after announcing progress in securing the American antimony supply chain. Robo.ai Inc. (AIIO) advanced by 14% to $2.77, while Quantum Computing Inc. (QUBT) gained 13%, reaching $23.15. SkyWater Technology, Inc. (SKYT) shares jumped by 12% to $17.23, and Scholar Rock Holding Corporation (SRRK) surged by 10.8% to $38.23, despite a recent Complete Response Letter from the FDA regarding its apitegromab Biologics License Application. Avino Silver & Gold Mines Ltd. (ASM) increased by 9.2% to $5.24. New Found Gold Corp. (NFGC) shares rose by 9.1% to $2.3347, buoyed by confirmed high-grade core in its sampling program. Gorilla Technology Group Inc. (GRRR) climbed 7% to $20.10, following a substantial three-year contract to develop AI data centers in Southeast Asia. Lastly, BlackBerry Limited (BB) saw a 6.6% increase to $4.9596 after reporting stronger-than-expected second-quarter earnings and raising its fiscal year 2026 adjusted EPS forecast. Carpenter Technology Corporation (CRS) also rose by 6.6% to $247.84, rounding out a day of significant upward trends for these companies.