Bullish Stocks That Surged Most In Yesterday's Trading Session: $EVFM $AXL $FVAC

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Evofem Biosciences Releases Its Q2 2020 Results


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Evofem Biosciences Inc. (NASDAQ: EVFM) was amongst the top gainers in yesterday's trading session gaining 7.12%. the company has announced its Q2 2020 results in which the company reported a net loss attributable to shareholders of $25.7 million or $0.91 per share compared to a net loss of $35.5 million or $0.97 per share in Q2 2019. At the end of the quarter, Evofem had cash and investments of $123.6 million. The company has also reiterated its fiscal 2020 guidance and it expects to burn 36 million to 38 million in Q3 2020 and between $42 and $44 million in Q4.

Also, the company's Compensation Committee of the Board of Directors sanctioned the grant of a non-qualified stock option award to 60 new employees for the purchase of around 319,200 common shares.

American Axle & Manufact. Supplies New SUVs With Independent Rear Drive Axles


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American Axle & Manufact. Holdings, Inc. (NYSE: AXL) is also looking bullish and was amongst stocks that gained most in yesterday's trading session gaining 6.64%. The company has developed an independent Rear Drive Axle for General Motor's full-size SUVs as it focuses on passenger comfort and efficiency. The new IRDA includes the Chevrolet Suburban, Chevrolet Tahoe, CMC Yukon Denali, Cadillac Escalade, and CMC Yukon. The company and GM collaborated to replace the previous generation rear beam axle with a new 3-mount independent rear drive axle module. This latest design features a light-weight aluminum carrier housing with a low-offset hypoid gearset offering enhanced efficiency.

FORTRESS VALUE Announce Pricing Of Its IPO To List On NYSE


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Another stock that surged most in yesterday's session is FORTRESS VALUE /SH. (NYSE: FVAC) which gained 6.64%. The company has announced the pricing of its IPI of 30 million units at $10 per unit. The company's units will list on the New York Stock Exchange and trade under the FAII.U symbol. Every unit comprises of one Fortress's Class A common share and one-fifth of a redeemable warrant.

Also, the company has announced the filing of a registration statement on Form S-4 with the SEC which includes a prospectus concerning the MP Materials merger. MP Materials owns and operates Mountain Pass which is the only rare earth mining site in North America.

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