We witnessed how the pandemic ravaged many lives and businesses around the world. But there are some companies/stocks, that rebounded in astonishing ways.
During this scary market crash, these are some of the companies that have seen the biggest jump in share prices.
GameStop (GME)
You might hear about this. An unbelievable 6,422% increase—and it’s not even close to what the stock peaked at in that time.
Individual investors particularly from Reddit and GameStop fans rallied behind this surge and have sent the retailer’s shares from $3.70 to $241.3.
Fiverr International (FVRR)
Fivver is an online job platform for freelancers. Since the pandemic, more people have been freelancing compare to the past years as they’ve worked to make ends meet. As a result, Fivver shares have shoot-up to 703% from $27.87 to over $224.
Moderna (MRNA)
This is something you expect. Moderna is one of the three companies that has a COVID-19 vaccine on the market in the U.S. Moderna shares went from $24.29 a year ago to more than $128 —a 427% increase.
Wayfair (W)
As more people stay at home during the pandemic. This online shopping service saw a big opportunity from online shoppers and traders in the past year. Share prices have increased from $49.82 to over $315, a 534% increase.
Nio (NIO)
The demand for cheap and “cleaner” electric vehicles worldwide has increased more than ever. Nio, a Chinese electric-vehicle manufacturer has greatly benefited from this and raced from $3.10 to $40.68, a 1,212% increase.
Novavax (NVAX)
Same with Moderna, Novavax is one of the COVID-19 vaccine manufacturers. And the success came as no surprise., giving it’s stock another boost. Shares have increased 1,552% from $10.02 to over $165.
Penn National Gaming (PENN)
As many of the casinos were shut down during the pandemic and still recovering. Online gambling has seen increases. Penn’s stock jumped from $20.43 a year ago to $114.55 today, a 461% increase.
QuantumScape (QS)
One of the few makers of lithium metal batteries for electric cars. Plus backed by Bill Gates as one of its investors and has seen increases of 434% in the past year. On March 9, 2020, it closed at $9.90. Today it’s worth nearly $53 per share.
Farfetch (FTCH)
This British-Portuguese online luxury retailer, never hit profitability for 12 years, until this pandemic. Their stocks jumped an astonishing 426%, from $10.48 to $55.19 which they trade on the NYSE
Ovintiv (OVV)
The largest energy company and largest natural-gas producer in Canada is up 1,076% in the past year, climbing from $2.22 to over $26 per share.
