Against the current: Markets slid, yet Pinduoduo, Trip.com Group Ltd, Tencent Music Entertainment Group went up and made this list of yesterday's top large cap stocks gainers.
Leading equity indices in the US declined as Dow Jones closed at 33,849, a 1.45% change. S&P 500 slipped 1.54% and closed at 3,964.
While price action maintains a negative bias, United States CFTC Crude Oil speculative net positions released yesterday at 19:30 UTC with a figure of 252,500, while the previous figure was 278,300.
Despite markets falling yesterday, some large cap stocks managed to go up. Have a look at these top gainers.
Pinduoduo | +12.62% at $74.05
After closing yesterday at $74.05, the Chinese e-commerce platform operator peaked at $76.36 before giving up early gains and closing at $74.05. Daily trading volume (25.33 million shares) increased, making up 213% of the 21-day average (11.87 million).
Trip.com | +8.32% at $28.11
An influx of buyers helped the travel service provider to end the session higher around $28.11, while establishing a $26.27 to $28.31 session range yesterday. Daily trading volume (9.35 million shares) was higher than the current multiday average of 6.13 million.
Tencent | +7.61% at $6.22
The Chinese music streaming pacesetter gained 7.61% and stayed at $6.22 levels.
Huazhu Group | +6.87% at $35.63
Bullish sentiment helped the world's 7th largest hotel group to hammer out a noteworthy $33.31 to $36.08 range yesterday, and finally closing at $35.63 to end the session. Daily trading volume (1.90 million shares) increased, making up 108% of the 21-day average (1.76 million).
Huazhu Group is scheduled to announce earnings results today. The consensus EPS estimate is -0.66 and the consensus revenue estimate is $3.53 billion.