10 Biggest Gainers of Last Week

Investors gobbled up shares of predominantly technology companies last week, following announcements of multi-billion dollars of investments, quantum technology backing, and new contracts, among others. Let’s take a look at last week’s Top 10 Gainers and explore the reasons behind their impressive performance.

To come up with the biggest winners of last week, we considered only the stocks that have at least $2 billion in market capitalization and $5 million in daily trading volume.

10. Doximity Inc. (NYSE:DOCS)

Shares of Doximity finished Friday’s trading up by 10.79 percent from Monday’s close of $52.2 apiece, bucking news that the company earned the attention of a shareholder law firm investigating its potential claims against its business prospects and financial performance.

Investors snapped up the company’s shares after earning the “top pick” rating in the healthcare sector from ClearBridge Investments.

In a letter to investors, ClearBridge acknowledged Doximity’s history of consistent execution, saying that while it stumbled last year in effectively communicating realistic guidance and outlooks, “it appears that management has regained investors’ trust through several quarters of solid execution.”

In addition, Doximity announced in its recent State of Telemedicine Report that 83 percent of medical professionals based in the US still prefer having virtual care be a permanent part of their clinical practice—a widespread support that could play a key role in driving the company’s future growth.

9. Archer Aviation Inc. (NYSE:ACHR)

Archer Aviation saw volatile trading for its shares last week, even hitting an intra-week high of 21 percent to $10.52 and a low of $8.19, before gaining momentum to close the week at $9.51 apiece.

Archer bucked a bearish atmosphere brought about by the Federal Reserve’s hawkish interest rate forecast for 2025, after announcing that it officially completed the construction of its high-volume manufacturing facility in Georgia, signaling the start of production of Midnight, its electric vertical take-off and landing aircraft designed to offer passengers a sustainable, low-noise and safe alternative to ground transportation in congested cities around the world.

According to the company, it anticipates to produce two aircraft per month by the end of the next year. Although still in a pre-revenue phase, Archer’s ambitious plans are complemented by $6 billion in orders for its flying taxis and a push into defense partnerships with Anduril.