Why Hims & Hers Health, Inc. (HIMS) Skyrocketed on Friday
From Yahoo Finance: 2025-05-20 12:53:00
The stock market ended the week positively despite mixed earnings and inflation concerns, with the Dow Jones up by 0.78%, S&P 500 by 0.70%, and Nasdaq by 0.52%. 10 companies, including Bitcoin miners and quantum computing firms, saw significant gains due to new corporate developments.
Hims & Hers Health, Inc. (HIMS) saw a 10.36% increase in share prices on Friday, closing at $64.65 per share. The healthcare sector, including HIMS, faced challenges after President Trump’s executive order to lower drug costs. HIMS reported a 346% rise in net income and 111% increase in revenues year-on-year.
HIMS ranks 7th on Friday’s top performers list, with a positive outlook for the company but greater potential seen in AI stocks for higher returns in a shorter timeframe. A specific AI stock has shown significant growth since the beginning of 2025, making it a promising investment opportunity.
Read more: Why Hims & Hers Health, Inc. (HIMS) Skyrocketed on Friday