Coinbase is yesterday's top mover after gaining 18.33%
Markets closed higher yesterday; Dow Jones closed the day at 33,674, having gained 1.65%. S&P 500 ended the session at 4,136.25 after a 1.85% gain.
Today's price action is taking place amid mixed market indicators – United States Average Hourly Earnings improved upon its previous reading of 0.3% with a new data release of 0.5%.
“Top Movers” are assets that recorded the highest percentage change compared to their nearest peers. yesterday's most active technology stocks are listed below.
Coinbase | Closed +18.33% at $58.24
The crypto exchange spearhead closes its best day in 2 months, jumping by 18.33% ($9.02) to $58.24. This year has been a bright one for the crypto exchange spearhead after trading as low as $32.53 and going on to appreciate by 100.24% year to date. So far this year, it has been beating the Nasdaq by 84.79%. The company has a market cap of $14.27 billion with an average daily volume of 15.58 million shares.
Coinbase released its quarterly earnings report Thursday, beating analysts estimates. The company reported earnings of 0.15 per share on revenue of $736.40 million, topping estimates of -1.44 per share on revenue of $220,000. Since the release of its earnings report, Coinbase gained 20.11%.
Bill.com closes at $94.04 after gaining 17.68%
It was more of the same for Bill.com yesterday — after closing yesterday at $94.04, the infrastructure software provider peaked at $99.87 before giving up early gains and closing at $94.04. Currently, the cloud-based application developer has a market capitalization of $10 billion with an average daily volume of 2 million shares. So far this year, it has been doing worse than the Nasdaq by 31.45%.
Bill.com reported earnings results Thursday, with EPS at -0.11 and revenues at $272.56 million; these results are mixed when compared to a consensus of 0.24 Earnings Per Share and $246.82 million revenue. Since the release of its earnings report, Bill.com gained 19.6%.
Lyft | Currently down 19.27% at $8.63
Lyft, Inc. traded at $8.63 after making its biggest single-day drop of $2.06 (19.27%) since Mar 9. The urban mobility company is now trading 44.93% below its 3-month high of $22.03. So far this year, it has been doing worse than the Nasdaq by 34.34%. The company is currently trading with a market cap of $3.19 billion with an average daily trading volume of 21.14 million shares.
The company reported mixed earnings results Thursday, with EPS at -0.42 and revenues at $1 billion. Since the release of its earnings report, Lyft lost 20.75%.