ZoomInfo Technologies is yesterday's top mover after declining 29.17%
Leading equity indices in the US declined as S&P 500 shed 2.5% and closed at 3,759.69. Nasdaq closed at 10,525, a 3.36% change.
Today's price action is taking place amid mixed market indicators – United States Interest Rate released yesterday at 18:00 UTC with a figure of four, while the previous figure was 3.25.
“Top Movers” are assets that recorded the highest percentage change compared to their nearest peers. yesterday's most active stocks are listed below.
Chegg | +22% at $25.75
After closing yesterday at $25.75, Chegg peaked at $27.83 before giving up early gains and closing at $25.75.
Chegg released its quarterly earnings report Tuesday, beating analysts estimates. The company reported earnings of 0.21 per share on revenue of $164.74 million, topping estimates of 0.14 per share on revenue of $158.34 million. Since the release of its earnings report, Chegg gained 19.38%.
ZoomInfo Technologies | Currently down 29.17% at $30.81
Over the last 6 days, ZoomInfo Technologies Inc. has fallen 34%. Yesterday's session continued down the same path: early in yesterday's session, ZoomInfo Technologies dropped to $30.12 from $43.5 at the end of Tuesday, before closing at $30.81. During the session, it lost 29.17%.
Daily trading volume (22.29 million shares) was higher than the current multiday average of 3.16 million.
ZoomInfo Technologies was down, even though its quarterly earnings released on Tuesday beat the analysts’ estimates. The reported earnings of 0.24 per share on revenue of $287.6 million, topping estimates of 0.2 per share on revenue of $278.48 million.
Entegris | -20.97% at $63.51
Entegris's bearish run has lasted 4 days so far (-52.9999 cents). More of the same from yesterday's session: early in yesterday's session, Entegris dropped to $62.45 from $80.36 at the end of Tuesday, before closing at $63.51. During the session, it lost 20.97%.
Daily trading volume (9.65 million shares) increased, making up 541% of the 21-day average (1.78 million).
Herbalife Nutrition | -16% at $17.56
Having set a significant high of $45.38 a day ago, Herbalife Nutrition is trading 19.08% lower. Herbalife Nutrition has a market cap of $1.72 billion with an average daily trading volume of 1.19 million shares.
Herbalife Nutrition reported ambiguous earnings results Monday, with EPS at 0.91 and revenues at $1.30 billion. Since the release of its earnings report, Herbalife Nutrition lost 18.36%.