Why These 10 Stocks Were Skyrocketing on Friday

5. Futu Holdings Ltd. (NASDAQ:FUTU)

Financial technology firm Futu Holdings (FUTU) grew its share prices by 8.87 percent on Friday—a second consecutive day—to close at $87.53 apiece after the company’s online trading platform, Moo Moo, sealed a partnership with The BlackRock Foundation for a $1-million research initiative aimed at studying new retail investors.

The research initiative, called The Investor Diaries, will study retail investors who entered the capital markets in 2020, focusing on those earning low to moderate incomes.

The project will track investors through voice diary entries, a national survey, and analysis of transaction data.

According to reports, new brokerage accounts hit 46 million from 2020 to 2021, an 80 percent increase over two years, with more than 75 percent of the investors remaining active today.