Stocks finished higher Friday, coming back from the previous session's losses that had been sparked by soaring coronavirus cases.
Here are some of the market's biggest gainers for Friday:
1. Urovant Sciences | Percentage Increase Over 93%
Urovant Sciences (UROV) - Get Report nearly doubled after the biopharma said it agreed to be acquired by its largest shareholder, Sumitovant Biopharma, for about $584 million cash. Under the agreement, Sumitovant will pay $16.25 a share for Urovant.
2. EHang Holdings | Percentage Increase Over 11%
EHang Holdings (EH) - Get Report rose after the autonomous aerial vehicle technology company said its EHang 216 two-seater passenger-grade AAV had completed its maiden flight in Korea. The Korean government unveiled the Korean Urban Air Mobility (K-UAM) Roadmap in June and expected to commercialize UAM services around 2023 to 2025.
3. Priority Technology | Percentage Increase Over 24%
Priority Technology (PRTH) - Get Report climbed after the integrated payment software company beat Wall Street's third-quarter earnings expectations. Revenue increased 16% to $93.9 million. Net income was $40.4 million, compared with a loss of $5.8 million a year earlier.
4. ReneSola | Percentage Increase Over 28%
ReneSola (SOL) - Get Report moved up after the solar power company said that according to preliminary results, third-quarter revenue is likely to come in at the high end of its earlier guidance range of $8 million to $10 million. ReneSola, which is scheduled to to report earnings Dec. 1, expects to post at least $2 million of net income for the quarter.
5. Trean Insurance | Percentage Increase Over 22%
Trean Insurance (TIG) - Get Report, a specialty insurer, beat analysts' third-quarter expectations. Trean, which completed its initial public offering in July, said gross written premiums increased 23% to $132.3 million, while net earned premiums of $27.9 million grew 26%. Underwriting income was $5.3 million, resulting in a combined ratio of 81%.