Against the current: Markets slid, yet New Oriental Education & Technology Group Inc., TAL Education Group, Bunge Limited went up and made this list of yesterday's top consumer staples stocks gainers.
Leading equity indices in the US declined as Nasdaq was down 2.04% before closing the session at 10,971. S&P 500 closed at 3,830.6, a 0.74% change.
On the other hand, positive data was released earlier when United States Crude Oil Inventories came out at 2.59 million, better than analyst estimates of 1 million and improving upon the previous reading of -1.73 million.
Even though markets fell yesterday, some consumer staples stocks managed to go up. Have a look at these top gainers.
Bunge Limited Bunge | +7% at $98.41
After closing Tuesday at $91.97, Bunge Limited closed at $98.41 yesterday after climbing to $99.72 and dropping back down. Daily trading volume (2.79 million shares) was higher than the current multiday average of 1.23 million.
Beyond Meat | +4.08% at $14.8
Having set a significant high of $104.51 3 days ago, Beyond Meat is trading 14.13% lower. So far in 2022, it has been doing worse than the Nasdaq by 34.47%. Beyond Meat's market cap currently stands at $942.28 million with an average daily volume of 3.14 million shares. $147 million was Beyond Meat's last reported revenue with $-1.53 being the current EPS.
New Oriental Education & Technology | +28.3% at $27
New Oriental Education & Technology rose as high as $27.9 before giving up its gains and dropping back to $27 before the close on yesterday. Daily trading volume (10.78 million shares) increased, making up 511% of the 21-day average (2.11 million).
TAL Education | +18.64% at $4
TAL Education rallied 18.64% and ended the session at $4. Daily trading volume (9.37 million shares) increased, making up 169% of the 21-day average (5.56 million).