RYDE, VIAV, NAT Stocks Hit 52-Week Highs Today: What's Driving The Rally?

• RYDE gained momentum after adopting a Digital Asset Treasury strategy, allowing potential allocations to Bitcoin, Ethereum and Solana.
• VIAV shares were supported by developments in cybersecurity and AI network infrastructure.
• NAT benefited from stronger tanker freight markets after disruptions near the Strait of Hormuz pushed benchmark crude-shipping rates higher.

Shares of Ryde Group (RYDE), Viavi Solutions (VIAV) and Nordic American Tankers (NAT) hit fresh 52-week highs on Tuesday as investors rotated into stocks gaining momentum in digital-asset, infrastructure technology and tanker-shipping sectors.

On Tuesday, RYDE stock surged 36%, VIAV rose 7%, while NAT fell about 4%.

Crypto Reserve Plan Supports RYDE Rally

Ryde Group has drawn investor attention after the Singapore-based ride-hailing firm adopted a Digital Asset Treasury (DAT) Strategy, under which the company said it may allocate a portion of corporate reserves into digital assets, including Bitcoin, Ethereum and Solana.

The company said digital assets would be held in segregated custody accounts maintained by qualified custodians if allocations proceed.

Last year, Ryde received a warning letter from the NYSE for failing to immediately disclose a securities purchase agreement under which Ryde agreed to sell about 33.34 million shares in a private offering to generate $10 million in gross proceeds before expenses.

During the same period, the company also outlined expansion initiatives in its core mobility business, including plans to enter Singapore’s ultra-premium EV transport segment through the rollout of RydeLUXE 6 in partnership with fleet operator Atoll Discovery. It had also partnered with HelloRide to explore integrated first and last-mile commuting services through bundled cycling and ride-hailing offerings.

AI Infrastructure Push Drives VIAV Momentum

Shares of Viavi have also gained momentum following several announcements about cybersecurity and AI network infrastructure. Earlier this month, the company said its Secure µPNT STL-1000 receiver would be integrated into RockFLEET Assured, a navigation system that helps ships and infrastructure continue operating even in environments where GPS signals may be jammed or disrupted.

Last month, Viavi introduced Observer Threat Forensics, a cybersecurity monitoring tool to help companies detect vulnerabilities and investigate breaches by analyzing activity across networks, applications and user systems in a single environment.

The company also launched its TestCenter D2 1.6T Appliance, a testing platform for the rollout of next-generation high-speed networks used in AI data centers. Additionally, Viavi introduced a fiber sensing test head with built-in AI and machine-learning capabilities that allows operators to monitor telecom infrastructure, pipelines and other assets in real time using existing fiber networks.

Stronger Tanker Rates Boost NAT Shares

Shares of Nordic American Tankers have been supported by strong tanker market conditions following disruptions to shipping through the Strait of Hormuz, which carries one-fifth of global oil shipments.

The company currently expects the first quarter to be much better than the fourth quarter of 2025, citing fixtures generating time-charter equivalent rates between $41,000 and $175,000 per day, compared with operating costs of about $9,000 per day.

In February, Nordic said nearly two-thirds of first-quarter spot days were booked at around $55,000 per day, alongside a one-year fixed contract with an oil major at more than $50,000 per day. 

The company also disclosed last month an agreement to sell a 2005-built vessel for about $40 million and said prospects for its fleet remain strong, noting expectations that fleet size could increase in the coming years.

Freight markets got a boost after shipping disruptions in the Middle East escalated in late February, with the benchmark rate for transporting crude from the Gulf to China on very large crude carriers more than doubling between Feb. 27 and early March.

How Do Retail Traders Feel About RYDE, VIAV, NAT?

On Stocktwits, retail sentiment toward RYDE was ‘extremely bullish’ amid ‘extremely high’ message volume, while sentiment toward VIAV was ‘bullish’ and NAT was ‘bearish’, both amid ‘high’ message volume.

Over the past year, shares of RYDE have surged 375%, VIAV jumped 290%, and NAT advanced 186%.

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