In this article, we will discuss five stocks that are gaining ground on Thursday. If you want to take a look at some more stocks that are moving up today and the latest market situation, go directly to 10 Stocks Gaining Ground on Thursday.
5. PagerDuty, Inc. (NYSE:PD) has gained 15.4% as of 12:11 PM ET after reporting stronger than expected Q4 2021 results yesterday. The San Francisco, California-based IT operations management company reported revenues and loss per share of $78.51 million and four cents, respectively. This surpassed the consensus revenue and loss per share estimate of $76 million and six cents. For Q1 2022, PagerDuty, Inc. (NYSE:PD) anticipates revenue to be around $81.5 million to $83.5 million, compared to the analysts’ forecast of $80.2 million. Meanwhile, the company is anticipating a loss per share of around eight to nine cents as opposed to analysts’ loss per share estimate of six cents. Of the 924 hedge funds in Insider Monkey’s database, 27 reported owning a stake in PagerDuty, Inc. (NYSE:PD) as of Q4 2021.
4. Peabody Energy Corporation (NYSE:BTU) has increased by 8.9% as of 12:19 PM ET following a rise in coal prices due to higher demand by power stations during the summer months. Furthermore, the conflict between Russia and Ukraine has adversely impacted European coal power stations, which rely on coal from Russia. Coal prices are also rising as European countries are trying to scale back their usage of Russian natural gas and find suitable alternatives to lower their energy reliance on Russia. Overall, 28 hedge funds held a position in Peabody Energy Corporation (NYSE:BTU) at the end of Q4 2021.
3. Tesla, Inc. (NASDAQ:TSLA) has risen 2.1% as of 12:37 PM ET after the Austin, Texas-based electric vehicle manufacturer and distributor announced that it had increased the price of its made in China Model Y again, and this time by more than $2,000. Although Tesla, Inc. (NASDAQ:TSLA) has maintained the prices of its most economical model since January, recently, the company has been increasing the price of its long-range and performance offerings. Elon Musk also tweeted that his companies were facing the impact of inflation through raw materials and logistics. Tesla, Inc. (NASDAQ:TSLA) was in the portfolio of 91 hedge funds as of Q4 2021, up from 60 in the last quarter.
2. Netflix, Inc. (NASDAQ:NFLX) is up 2.8% as of 12:43 PM ET after the streaming giant revealed that it is working on plans to put an end to illicit password-sharing between friends and families in different households. Netflix, Inc. (NASDAQ:NFLX) is planning to launch a test where consumers would be required to pay an additional fee if they want to use the streaming service outside their vicinity. The test will be carried out in three countries before it is rolled across the globe. Out of the 924 hedge funds being tracked by Insider Monkey, 113 held a stake in Netflix, Inc. (NASDAQ:NFLX) at the end of Q4 2021.
1. Eiger BioPharmaceuticals, Inc. (NASDAQ:EIGR) is 42% in the green as of 12:57 PM ET after the Pao Alto, California-based biotech company revealed that Peginterferon Lambda reduces the risk of hospitalization or staying in the emergency room for longer than six hours by 50% for cases related to COVID-19. It was also revealed that the risk of death was also reduced by 60% in Phase 3 TOGETHER study, which comprises a double-blind, multi-center, placebo-controlled, and randomized study of non-hospitalized patients with COVID-19, who have a high likelihood of developing a severe illness. The primary target was achieved across all variants of COVID-19 till today, including the omicron variant. Based on this, Eiger BioPharmaceuticals, Inc. (NASDAQ:EIGR) believes that Lambda will also be effective for all upcoming variants of COVID-19. The company intends to share this finding with the FDA and also submit an Emergency Use Authorization request with the drug regulatory authority soon. Eiger BioPharmaceuticals, Inc. (NASDAQ:EIGR) was held by 11 hedge funds at the end of Q4 2021, down from 14 in the previous quarter.
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