Wall Street’s main indices traded lower week-on-week as investor sentiment continued to be dragged by the ongoing trade tensions globally.
The tech-heavy Nasdaq was down by 2.59 percent versus its level on March 21. Meanwhile, the S&P 500 declined by 1.5 percent and the Dow Jones dropped by 0.956 percent.
Ten individual stocks, on the other hand, managed to stay stronger, three of which were particularly notable as funds flocking to gold assets spilled over into their stocks.
In this article, we listed last week’s 10 top performers and detailed the reasons behind their gains.
To come up with the list, we considered only the stocks with a $2-billion market capitalization and $5 million trading volume.
Stock market charts. Photo by Kaboompics.com on Pexels
10. Rivian Automotive Inc. (NASDAQ:RIVN)
Rivian shares rallied by 6.89 percent week-on-week to finish at $12.41 last Friday versus the $11.6 closing on March 21, as investor sentiment was largely fueled by optimism for its planned micromobility business expansion.
This came after RIVN announced late last week that it secured a $105 million funding for its newly spun-off business called Also Inc. which would focus on the development of its lightweight electric vehicle market.
In a statement, RIVN founder and CEO RJ Scaringe said that a range of vehicle types and form factors will be needed for the global adoption and transition to electrified transportation.
“I am extremely excited about the innovations developed by the Also team that will underpin a range of highly compelling micromobility products that will help define new categories,” he said.
Lightweight EVs aside, RIVN would continue to expand its core business with the launch of R2, a five-seater SUV designed for the adventurous market. It said it expects customer deliveries to begin in the first half of 2026.
9. Dollar Tree Inc. (NASDAQ:DLTR)
Dollar Tree saw its share prices increase by 8.99 percent last week to finish at $72.75 apiece versus $66.75 on March 21 as investors snapped up shares in the company following the planned sale of its struggling Family Dollar subsidiary.
Late last week, DLTR announced that it was divesting Family Dollar for $1 billion, a figure that was an 88-percent discount from the $8.5 billion shelled out in 2015 to acquire the business.
DLTR said it reached an agreement with Brigade Capital Management and Macellum Capital Management to acquire the business, which it believed would best unlock value for DLTR shareholders and position the unit for future success.
“Under the experienced, dynamic leadership of Family Dollar President Jason Nordin, and with the financial support of Brigade and Macellum, Family Dollar will be well-positioned for growth as a private company. With the support of a dedicated team, Family Dollar will be able to strengthen its commitment to providing affordable and essential goods to customers so they can do more with less,” said DLTR CEO Mike Creedon.
The transaction is expected to be completed in the second quarter of the year.
