Each month, we look at an ETF selected by ETF.com based on its performance and importance to investors. This month, we consider the performance of the $456 million Renaissance IPO ETF (IPO) which has outperformed the broad U.S. market significantly during the past year. All the companies mentioned below are holdings in IPO, unless otherwise noted (*).
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JAN 21 Beyond Meat sees its stock price jump after Starbucks* sends a letter to shareholders expressing the desire to offer more plantbased options for environmental reasons.
MAR 18 Uber reports up to 70% declines in rides in major cities as the coronavirus pandemic hits new peaks and the stock market crashes.
MAY 7 Shares of Peloton rise sharply after the company reports a 66% increase in sales during the third quarter, while its net monthly churn hits a four-year low.
JUL 31 Pinterest’s share price increases nearly 40% after the company reports for the second quarter an acceleration in advertiser growth and a 39% increase in active users year-over-year.
SEP 1 Zoom sees its stock price spike after reporting a 350% increase in revenue and a 3,300% increase in net profit for the second quarter year-over-year.
NOV 25 Moderna’s stock price rises significantly after it announces the European Commission had approved an initial agreement to purchase 80 million doses of its COVID-19 vaccine.
Source: Bloomberg; data for 11/30/2019-11/30/2020