Against the current: Markets slid, yet Tuya Inc., Confluent, Inc. Class A Common Stock, MICT, Inc. went up and made this list of yesterday's top technology stocks gainers.
Leading equity indices in the US declined as S&P 500 was down 1.44% before closing the session at 3,941.26. Nasdaq shed 2% and closed at 11,000.
Amid the market gloom, United States API Weekly Crude Oil Stock came out at -6.43 million, while a consensus of analysts was expecting -3.88 million.
Even though markets fell yesterday, some technology stocks managed to go up. Have a look at these top gainers.
Confluent | +3.58% at $21.11
The US software company reached a significant high of $77.36 around 11 months ago but has lost 73.66% since then. So far in 2022, it has been doing worse than the Nasdaq by 28%. Confluent has a market cap of $3.25 billion with an average daily volume of 3.11 million shares. $151.73 million was Confluent's last reported revenue with -40 cents being the current EPS.
Tuya | +11.68% at $1.53
Tuya rallied 11.68% and ended the session at $1.53. Daily trading volume (1.12 million shares) was above the current multiday average of 704,977.
Kaltura | +2.73% at $1.88
Bullish sentiment helped the NY-based software company to hammer out a noteworthy $1.82 to $1.89 range yesterday, and finally closing at $1.88 to end the session. Yesterday's trading volume was 35,885 shares which is under the 21-day average of 113,674.
Micronet Enertec Technologies | +2.86% at $1.08
Having ended a bullish session yesterday at $1.08, momentum helped Micronet Enertec Technologies finish the day 3 cents or 2.86% higher, although mixed sentiments ensured the mobile computing specialist etched out a distinct $1.02 to $1.22 session range. The day's trading volume totalled 699,171 shares — slightly below the 21-day average of 721,225.