Our weekly overview of the most active outperformers and underperformers in the stock markets covers Exxon Mobil, Tesla and more. Please note that past performance is not a reliable indicator of future results or future performance.
TPTX +178.3% (Turning Point Therapeutics Inc.)
TPTX’s share price soared on the news that the company will be acquired by Bristol Myers Squibb Co. Bristol Myers plans to expand its oncology franchise by investing in TPTX, which produces experimental oncology treatments.
AMD +11.5% (Advanced Micro Devices Inc.)
Micro-chip producer AMD has been in the news recently. It’s on a roll this quarter after a 19.1 percent rise in its share price in May on the back of strong earnings.
OXY +8.25% (Occidental Petroleum Corp)
A recent CNBC interview with Warren Buffett revealed that the billionaire investor bought around 10 billion USD in OXY shares based on the company’s earnings per share and revenue in Q1 and Q2.
XOM +8.07% (Exxon Mobil Corp)
Global crude oil markets are charting a bullish course, supporting the big players like Exxon Mobil and other large-cap energy companies.
Investing on uptrends
Market conditions remain volatile so risk management is smart. Yes, there are upturns in stock prices but volatility is likely to stay in play during the period of monetary tightening.
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