Against the current: Markets slid, yet Axon Enterprise, Inc., XP Inc., Akamai Technologies Inc went up and made this list of today's top large cap stocks gainers.
Leading equity indices in the US declined as Dow Jones lost 1.95% and ended the session at 32,500. S&P 500 was down 2.08% before closing the session at 3,748.57.
On the other hand, positive data was released earlier when United States Crude Oil Inventories came out at 3.92 million, better than analyst estimates of 1.36 million and improving upon the previous reading of -3.12 million.
Despite markets falling today, some large cap stocks managed to go up. Have a look at these top gainers.
Akamai | +6.19% at $89.08
Akamai has recovered 7.47% since descending to a significant low of $78.06 around 29 days ago. So far in 2022, it has been under-performing the S&P by 3.31%. The company has a market cap of $14.16 billion with an average daily volume of 1.38 million shares.
Akamai reported earnings results yesterday, with EPS at 0.89 and revenues at $881.90 million; these results are mixed when compared to a consensus of 0.96 Earnings Per Share and $875.67 million revenue. Since the release of its earnings report, Akamai gained 6.22%.
Axon Enterprise | +14.56% at $171.84
Axon Enterprise topped out at $177.8 having ended today at $171.84. However, despite early momentum, the stock gave up its gains to now trade at $171.84. Daily trading volume (1.62 million shares) increased, making up 310% of the 21-day average (523,101).
Axon Enterprise released its quarterly earnings report yesterday, beating analysts estimates. The company reported earnings of 0.3 per share on revenue of $311.75 million, topping estimates of 0.06 per share on revenue of $279.13 million. Since the release of its earnings report, Axon Enterprise gained 15.76%.
PetroChina | Currently down 0.51% at $46.85
During today's session, PetroChina toiled and struggled for upward momentum before closing at $46.85. By the close, the PetroChina suffered a 24 cents or 0.51% loss. Daily trading volume (183,179 shares) was above the current multiday average of 41,541.
XP | +7.36% at $19.7
Pronounced bullish sentiment in the market helped XP to make a notable 7.36% gain today, rising $1.35 and ultimately closing at $19.7.