The Top 5 list of companies whose shares demonstrated the most prominent growth in April features Nutex Health Inc., Comstock Resources Inc., Datto Holding Corp., Twitter Inc., and EQRx Inc. Meanwhile, the current leaders of falling stock are Teladoc Health Inc., Carvana Co., Netflix Inc., Forge Global Holdings Inc., and Coinbase Global Inc.

Selection criteria

  • Stocks trade on the NYSE and the NASDAQ
  • The companies are registered in the US
  • Stocks cost over $2
  • The companies are not funds
  • Their market capitalisation is more than $2 billion
  • The average trade volume of the past 30 days is more than 750,000 shares.

The growth and decline are expressed in percent, as the difference between the close price of the shares on 31 March and 29 April 2022. The market capitalisation of each company was valid for the moment when the article was being prepared.

Shares with the most prominent growth in April

1. Nutex Health - 129.8%

Founded: 2011
Head office: Houston, Texas
Sector: medical services
Exchange: NASDAQ
Market capitalisation: $5.24 billion

On 4 April, Nutex Health, Inc. – which owns and manages a chain of high-tech modern healthcare centres – announced a merger with Clinigence Holdings Inc. that specialises in medical technology.

Following the announcement, the shares of Nutex Health, Inc. (NASDAQ: NUTX) immediately skyrocketed 525% to $40. However, a correction wave started at once, with the quotes rebounding to their initial levels nine trading sessions later.

On 26 April, the share price surged 73.76% to $7.68. The last trading day of April closed with a 15.2% growth to $9.42. Over the whole month, the share price of Nutex Health, Inc. recorded a 129.8% rise. The chart currently demonstrates an upward inclination.

Past performance is not a reliable indicator of future results or future performance.

2. Comstock Resources - 30.5%

Founded: 1919
Head office: Frisco, Texas
Sector: energy
Exchange: NYSE
Market capitalisation: $3.93 billion

In April, the shares of Comstock Resources, Inc. (NYSE: CRK) – a company working in oil and natural gas production – recorded a 30.5% growth, reaching $17.1.

The stock quotes are rising in anticipation of a strong financial report for January–March. Market players forecast that Comstock's quarterly earnings might have doubled compared to the statistics of the same quarter of 2021, while profit might have increased by 60%.

Past performance is not a reliable indicator of future results or future performance.

3. Datto Holding - 29.9%

Founded: 2007
Head office: Norwalk, Connecticut
Sector: technology
Exchange: NYSE
Market capitalisation: $5.7 billion

On 11 April, it became known that Datto Holding – a company working with cloud computation services and cyber safety – would be sold to a competitor,  Kaseya Ltd.

This news sent the share price of Datto Holding Corp. (NYSE: MSP) up 20.65% to $34.65. As for the monthly increase, it was 29.9% in total. Datto's stock quotes are currently renewing the highs.

Past performance is not a reliable indicator of future results or future performance.

4. Twitter - 26.7%

Founded: 2006
Head office: San Francisco, California
Sector: technology
Exchange: NYSE
Market capitalisation: $37.5 billion

On 4 April, the market heard that Elon Musk had become the largest shareholder of Twitter, Inc. (NYSE: TWTR) after buying 9.2% of the shares for $2.89 billion. This news made Twitter's stock quotes rise 27.12% to $49.97.

On 18 April, it became known that an investment company, Apollo Global Management, is considering collaborating on buying Twitter with Elon Musk or other interested parties. This information made Twitter's shares grow 7.48% to $48.45.

On 25 April, Musk agreed with Twitter's board of directors on acquiring the company for $44 billion, i.e. $54.2 per share, which made the shares react with a 5.66% growth to $51.7. Over April the shares recorded a total growth of 26.7%.

Past performance is not a reliable indicator of future results or future performance.

5. EQRx - 25.7%

Founded: 2019
Head office: Cambridge, Massachusetts
Sector: medical services
Exchange: NASDAQ
Market capitalisation: $2.6 billion

Pharma company EQRx, which designs and produces new generation drugs against cancer and immune-inflammatory diseases, announced the publishing of the intermediate results of its main research.

The information will be presented at the beginning of June at the annual convention of the American Society of Clinical Oncology (ASCO). In April, the shares of EQRx, Inc. (NASDAQ: EQRX) recorded a 25.7% growth from $4.13 to $5.19.

Past performance is not a reliable indicator of future results or future performance.

Shares with the most prominent decline in April

1. Teladoc Health - 53.2%

Founded: 2002
Head office: Dallas, Texas
Sector: medical services
Exchange: NYSE
Market capitalisation: $5.4 billion

On 27 April, the global leader of online medicine, Teladoc Health, published its Q1 2022 report. Investors were mostly shaken by the 3,250% rise in the net loss to $6.7 billion, or $41.58 per share. The reason was a $6.6 billion loss in the company's value due to the depreciation of the business reputation.

On 28 April, due to the negative quarterly report, the share price chart of Teladoc Health, Inc. (NYSE: TDOC) dropped 40.15% to $33.51. Consequently, in April, the shares of the online medicine company lost 53.2%.

Past performance is not a reliable indicator of future results or future performance.

2. Carvana - 51.4%

Founded: 2012
Head office: Tempe, Arizona
Sector: retail sales
Exchange: NYSE
Market capitalisation: $12.14 billion

On 20 April, the online dealer of used cars, Carvana, issued a report for January–March 2022. The company reported not only a slowdown in the growth of earnings and sales volume but also a substantial increase of net loss by 517% against the statistics of Q1 2021.

As a result, the shares of Carvana Co. (NYSE: CVNA) lost 9.11% on the same day, reaching $92.5. The next trading session closed with an additional decline of 10.12% to $83.14. The decline continued thereafter, to reach 51.4% in total.

Past performance is not a reliable indicator of future results or future performance.

3. Netflix - 49.2%

Founded: 1997
Hea office: Los Gatos, California
Sector: entertainment
Exchange: NASDAQ
Market capitalisation: $88.64 billion

Netflix issued its report for Q1 on 19 April. The company reported that the number of subscriptions to its steaming service had shrunk to 221.6 million, and warned that it might drop to 219.6 million in the next quarter.

On 20 April, the decline in the number of subscribers made the shares of Netflix Inc. (NASDAQ: NFLX) fall 35.12% to $226.19. In April, the stock quotes lost 49.2% in total.

Past performance is not a reliable indicator of future results or future performance.

4. Forge Global - 44.2%

Founded: 2014
Head office: San Francisco, California
Sector: technology
Exchange: NYSE
Market capitalisation: $3.07 billion

On 22 March, the supplier of tech solutions for financial markets, Forge Global, became a public company by a merger with SPAC Motive Capital. By the end of March, the share price of the company recorded a 235% growth to $33.9.

However, in April, the shares of Forge Global Holdings, Inc. (NYSE: FRGE) embarked on a slow but stable decline. The situation improved only towards the end of the month, cutting down on the loss of the share price. Nevertheless, in April, Forge Global's shares recorded a 44.2% loss, hitting $18.9.

Past performance is not a reliable indicator of future results or future performance.

5. Coinbase Global - 40.6%

Founded: 2012
Head office: Wilmington, Delaware
Sector: technology
Exchange: NASDAQ
Market capitalisation: $27.23 billion

Coinbase Global, which owns a crypto exchange, has been facing several issues. This resulted in the slowdown of growth in the number of users and trade volumes in the exchange, as well as a decline in its market share from 12% to 8%.

Moreover, analysts forecast that in 2022, earnings and profits of Coinbase would drop 12% and 95%, respectively. In the US, the EU, and the UK, regulators are toughening requirements for crypto exchanges and operations.

With all the above negative factors, the shares of Coinbase Global, Inc. (NASDAQ: COIN) recorded a 40.6% loss in April.  Over the whole month, the shares only went upwards during five sessions.

Past performance is not a reliable indicator of future results or future performance.

Which shares demonstrated the most prominent dynamics in April?

The leaders of share price growth in April were Nutex Health Inc., Comstock Resources Inc., Datto Holding Corp., Twitter Inc., and EQRx Inc. In three out of five cases, growth was attributed to the sale of the company.

The maximum decline was recorded by the shares of Teladoc Health Inc., Carvana Co., Netflix Inc., Forge Global Holdings Inc., and Coinbase Global Inc. The decline was mainly due to negative quarterly reports.

This material and the information contained therein are for informational purposes only and should in no way be construed as providing investment advice for the purposes of the Investment Companies Act 87 (I) 2017 of the Republic of Cyprus, or any other form of personal advice or recommendation relating to certain types of transactions in certain types of financial instruments.


Material is prepared by

Server is the guru of searching for market insights. Since 2019 he writes about everything that might be useful to the investor, focusing on the stock market and its assets.