Meta is yesterday's top mover after declining 24.56%
Markets completed a mixed session yesterday while Nasdaq slipped 1.63% and closed at 10,800. Dow Jones closed the day at 32,033, having gained 0.61%.
Today's muted price action is occurring amid mixed market indicators – United States Core Durable Goods Orders fell short of the 0.2% projections, with new data of -0.5%.
“Top Movers” are assets that recorded the highest percentage change compared to their nearest peers. yesterday's most active stocks are listed below.
Meta | -1.14% to $96.82 in pre-market trade with 6 hours until open
Having set a significant high of $347.56 a day ago, the social media company is trading 32.55% lower. So far in 2022, it has been under-performing the Nasdaq by 19%. Facebook's market cap is currently $263.22 billion with an average daily trading volume of 45.68 million shares.
Facebook was down, even though its quarterly earnings released on Wednesday beat the analysts’ estimates. The reported earnings of 3.22 per share on revenue of $27.71 billion, topping estimates of 1.88 per share on revenue of $27.38 billion.
Credit Suisse | Closed yesterday's session at $3.83
Credit Suisse's bearish run has lasted 3 days so far (-5 cents). More of the same from yesterday's session: early in yesterday's session, Credit Suisse dropped to $3.82 from $4.79 at the end of Wednesday, before closing at $3.83. During the session, it lost 20.04%.
Daily trading volume (57.29 million shares) increased, making up 238% of the 21-day average (24.11 million).
Credit Suisse is scheduled to announce earnings results Thursday.
FTI Consulting | Closed yesterday's session at $143.24
FTI Consulting is now trading 18.04% below its 3-month high of $188.74. The company has a market cap of $4.95 billion with an average daily volume of 383,990 shares.
Align | Currently down 18.1% at $181.53
After ending Wednesday at $221.64, Align Technology dropped to $176 early in yesterday's session and closed at $181.53. In total, it lost 18.1%. Daily trading volume (4.19 million shares) increased, making up 400% of the 21-day average (1 million).
Align reported inconclusive earnings results Wednesday, with revenue at $890.35 million, compared to a consensus of $952.64 million. Since the publication of its earnings report, Align has declined 16.72%.