Against the current: Markets are down, yet MercadoLibre, Ambev S.A., Erie Indemnity Company go up and make this list of top gainers.
The leading indices are slipping — Nasdaq drawing back 0.8% to 10,620. S&P 500 trades at 3,841.53 after losing 0.28%.
Markets are falling this session, but some large cap stocks are registering gains. Take a look at today's positive market movers.
+4.42%: MercadoLibre surges to $881.25 up 4.42%
After closing the previous trading day at $844, MercadoLibre is up to $881.25, which makes for a move of 4.42%/$37.25 today. The e-commerce marketplaces and online auctions operator's market cap currently stands at $44.32 billion with an average daily volume of 546,094 shares. So far in 2022, it has performed better than the Nasdaq by 11.22%.
+3.62%: Ambev rallies 3.62% after trading as low as $2.78
The Brazilian brewing company trades at $2.86 today, after closing Friday at $2.76 and gaining 10 cents (3.62%). Ambev's market cap is currently $45 billion with an average daily trading volume of 28 million shares. The Nasdaq has been doing worse in 2022, it has been passing it by 49.37%.
Centrais Electricas Brasileiras gains 3% ahead of the quarterly earnings report set for tomorrow
The hydroelectric power generation company trades at $7.86 today, after closing Friday at $7.63 and gaining 23 cents (3%). Currently, the Brazilian electric utilities company has a market capitalization of $18 billion with an average daily volume of 2 million shares. So far in 2022, it has been outperforming the Nasdaq by 81.06%.
Centrais Electricas Brasileiras trades at $7.86 ahead of quarterly performance report which is scheduled to be released tomorrow.
+3.28%: Erie Indemnity rallies 3.28% after trading as low as $268.17
After ending Friday at $269.45, Erie Indemnity is currently trading at $278.3. Erie Indemnity's market cap currently stands at $12.85 billion with an average daily trading volume of 124,460 shares. So far in 2022 it has been beating the Nasdaq by 87.48%.