Against the current: Markets slid, yet DocuSign Inc, TAL Education Group, Bilibili Inc. went up and made this list of Friday's top mid cap stocks gainers.
Leading equity indices in the US declined as Dow Jones shed 0.9% and closed at 33,476. S&P 500 was down 0.73% before closing the session at 3,934.38.
Even though markets fell Friday, some mid cap stocks managed to go up. Have a look at these top gainers.
DocuSign | +12.37% at $49.16
After closing Friday at $49.16, the automated cloud documents processing company peaked at $51.31 before giving up early gains and closing at $49.16. Daily trading volume (29.16 million shares) increased, making up 498% of the 21-day average (5.86 million).
DocuSign released its quarterly earnings report Thursday, beating analysts estimates. The company reported earnings of 0.05 per share on revenue of $645.46 million, topping estimates of -0.08 per share on revenue of $626.88 million. Since the release of its earnings report, DocuSign gained 16.83%.
Bilibili | +8.59% at $25.41
The iconic Chinese brand topped out at $26.3 having ended Friday at $25.41. However, despite early momentum, the stock gave up its gains to now trade at $25.41. Daily trading volume (24.38 million shares) was higher than the current multiday average of 16.75 million.
TAL Education | +9.62% at $6.61
3 days ago the Chinese education provider reached a significant high of $6.61 but has consequently lost 8.77% since then. So far in 2022, it has been outperforming the Nasdaq by 130.26%. The company's market cap is $4.29 billion with an average daily volume of 6.57 million shares. TAL Education has a forecast of $242.62 million with an EPS of 1 cents.