Against the current: Markets slid, yet RingCentral, Inc., Shoals Technologies Group, Inc., GDS Holdings Limited went up and made this list of yesterday's top technology stocks gainers.
Leading equity indices in the US declined as after dropping 0.61%, S&P 500 closed at 3,995.32. Nasdaq slipped 0.76% and closed at 11,171.
Amid the market gloom, United States Interest Rate released yesterday at 19:00 UTC with a figure of 4.5, while the previous figure was four.
Despite markets falling yesterday, some technology stocks managed to go up. Have a look at these top gainers.
RingCentral | +7.42% at $41.84
Approximately 11 months ago, the cloud-based comms company reached a significant high of $194.53 but has struggled to hold onto its gains and declined 80% since then. So far in 2022, it has been doing worse than the Nasdaq by 38.04%. RingCentral has a market cap of $3.60 billion with an average daily trading volume of 2 million shares. $509 million was RingCentral's last reported revenue with -42 cents being the current EPS.
GDS Holdings | +5.6% at $21.11
After ending Tuesday's session at $20, GDS Holdings went up to $21.88 yesterday only to fall back and close at $21.11.
Shoals Technologies | +6.06% at $27.14
28 days ago the electrical balance of system provider reached a significant high of $31.16 but has consequently lost 17.88% since then. The company has a market cap of $3.13 billion with an average daily volume of 4 million shares. Shoals Technologies's last revenue report was $90.82 million with an EPS of 7 cents.
PowerFleet | +5% at $2.52
Pronounced bullish sentiment in the market helped the Internet of Things SaaS company to make a notable 5% gain yesterday, rising 12 cents and ultimately closing at $2.52.