Against the current: Markets slid, yet AppLovin Corporation, Monolithic Power Systems Inc, Unity Software 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 lost 0.88% and ended the session at 4,081.5. Dow Jones shed 0.73% and closed at 33,700.
This down-slide takes place while United States macroeconomics indicators data published earlier are pointing downward as well — United States Initial Jobless Claims fell short of the 190,000 projections, with new data of 196,000.
Even though markets fell yesterday, some technology stocks were bullish. Have a look at these Top Gainers from yesterday's session:
MPS | Up 10.24% to $510.43 yesterday
The semiconductor developer has managed to gain 56.67% so far this year despite trading at lows around $309.2 previously. The S&P 500 has been doing worse in 2022, it has been passing it by 50.42%. The company's market cap currently stands at $23.96 billion with an average daily trading volume of 606,565 shares.
+9.96%: risk-on sentiment allowed Unity Software to post 9.96% gain yesterday
The video game maker topped out at $42.18 having ended yesterday at $39.95. However, despite early momentum, the stock gave up its gains to now trade at $39.95. The software development company's market cap currently stands at $16.10 billion with an average daily volume of 12.33 million shares. So far this year, it has been outperforming the Nasdaq by 44.14%.
Applovin | Closed +27.05% at $16.11
Approximately 11 months ago, the mobile tech developer reached a significant high of $75.51 but has struggled to hold onto its gains and declined 83.21% since then. So far this year, it has been beating the Nasdaq by 61.92%. The company has a market cap of $5.99 billion with an average daily trading volume of 3.40 million shares.
+7.06%: WEX opened at $192 yesterday before posting solid session gaining 7.06%
After closing Wednesday at $186.59, WEX closed at $199.77 yesterday after climbing to $204.06 and dropping back down. WEX is currently trading with a market cap of $8.71 billion with an average daily volume of 314,758 shares. So far this year, it has performed better than the Nasdaq by 13.65%.