Against the current: Markets slid, yet Chegg, Inc., Zai Lab Limited, The New York Times Company went up and made this list of yesterday's top mid cap stocks gainers.
Leading equity indices in the US declined as S&P 500 slipped 2.5% and closed at 3,759.69. Nasdaq closed at 10,525, a 3.36% change.
Amid the market gloom, United States Interest Rate came out at four, while a consensus of analysts was expecting four.
Even though markets fell yesterday, some mid cap stocks managed to go up. Have a look at these top gainers.
Chegg | +22% at $25.75
Chegg rose as high as $27.83 before giving up its gains and dropping back to $25.75 before the close on yesterday. Daily trading volume (10.69 million shares) was above the current multiday average of 1.72 million.
Chegg released its quarterly earnings report Tuesday, beating analysts estimates. The company reported earnings of 0.21 per share on revenue of $164.74 million, topping estimates of 0.14 per share on revenue of $158.34 million. Since the release of its earnings report, Chegg gained 19.38%.
The New York Times | +7.38% at $31.29
The New York Times rose as high as $31.7 before giving up its gains and dropping back to $31.29 before the close on yesterday. Daily trading volume (3.67 million shares) was above the current multiday average of 1.58 million.
Zai Lab | +9.63% at $27.43
Zai Lab rallied 9.63% and ended the session at $27.43. Daily trading volume (935,615 shares) was above the current multiday average of 600,806.
Zai Lab is scheduled to announce earnings results Wednesday. The consensus EPS estimate is -1.2 and the consensus revenue estimate is $53.72 million.