Markets closed higher yet Enphase Energy Inc, DoubleVerify Holdings, Inc., Science Applications International Corporation top this unflattering list of yesterday's losers
After yesterday's closing bell, markets were up yesterday; Nasdaq gained 1.88% and closed at 11,323. S&P 500 closed the day at 3,993, having gained 0.92%.
More data out yesterday as United States U.S. Baker Hughes Oil Rig Count released yesterday at 18:00 UTC with a figure of 622, while the previous figure was 613.
Despite the climb, markets experienced yesterday, some technology stocks suffered losses. Take a look at our top losers.
DoubleVerify | Closed yesterday's session at $26.44
After ending Thursday at $28, DoubleVerify Holdings, Inc. declined to $25.69 yesterday before closing at $26.44, thereby losing 5.57% in total. Daily trading volume (7 million shares) was above the current multiday average of 1.56 million.
DoubleVerify was down, even though its quarterly earnings released on Tuesday beat the analysts’ estimates. The reported earnings of 0.06 per share on revenue of $112.25 million, topping estimates of 0.05 per share on revenue of $109.43 million.
Enphase | Closed yesterday's session at $292
Enphase Energy has almost recovered all its losses from a previous close of $309.25 after dipping down to $291.31 yesterday. Daily trading volume (5 million shares) was slightly greater than the current multiday average of 3.84 million.
Science Applications International Corporation | Closed $4.76 (-4.25%) lower at $107.13
Science Applications International Corporation now trading 21.13% above its 3-month low of $79.1. The company has a market cap of $5.91 billion with an average daily trading volume of 290,751 shares. $1.83 billion was Science Applications International Corporation's last reported revenue with $1.75 being the current EPS.