Market Roundup: November 1 – November 5 2021

Catch up with the stocks making the biggest moves this week.
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2 min read
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Airbnb Inc. ($ABNB)

Shares of Airbnb Inc saw a very positive week, after its earnings report was approved by investors last week. The earnings report showed that the popular travel and overnight stays company is starting to bounce back from the pandemic, with higher revenue figures despite stays and experiences booked still slightly disappointing. Airbnb saw its shares rose approximately 15% ($27), closing the week at $201.62.

Galaxy Digital Holdings Ltd (GLXY-CA)

Featuring on our market roundup for the second time, shares of Galaxy Digital Holdings continue to grow for another week. The company saw its cash reserve grow considerably as its cryptocurrency holdings in its equity trust funds Bitcoin and Ethereum approaches new all time highs, providing financial prosperity for Galaxy. Galaxy Digital Holdings currently trades at $39.80, starting the week at $32.93.

Etsy Inc. ($ETSY)

Etsy’s Shares have seen considerable growth over the last week after it reported strong financial results on Thursday, beating Wall Street analyst expectations. The company reported an earnings per share (EPS) of $0.62 (vs $0.54 expected); while revenues came in at $532.4 million (vs $518.9 million). Etsy’s share price spiked at $281.46 after the report, but then on Friday the price sunk back to $260.12.

Square Inc. ($SQ)

This popular card payment service saw its shares dip over the past week after a disappointing earnings report that saw revenue and sales figures underperform. In particular, revenue from Bitcoin in relation to its Cash App fell. Overall sales came in at $3.84 billion (up 27% year on year), however analysts were expecting figures of around $4.51 billion. Shares of Square Inc closed around $20 lower than its week open and trades at $237.38.

Darktrace (£DARK)

Darktrace, a cybersecurity firm listed on the London Stock Exchange, saw its shares dip in the past week after it was announced one of its largest shareholders will close their equity position after a ‘lock-up.’ This comes after large shareholders last week also confirmed they would be selling their shares, with the 180 day lock-up agreement being waived. Darktrace has fallen 225p (28%) over the last week, and closed Friday on 577.50p.

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