Markets were flat yesterday, yet Align Technology Inc, Coinbase Global, Inc., Meta Platforms showed impressive gains and made this list of top gainers.
Markets completed a mixed session yesterday, as Nasdaq gained 3.25% and closed at 12,200. S&P 500 ended the session at 4,179.76 after a 1.47% gain.
Current market events are being influenced by ambiguous macro data as United States Initial Jobless Claims improved upon its previous reading of 186,000 with a new data release of 183,000.
Despite yesterday's flat session, several stocks are managing to post notable gains. Take a look at the market's Top Gainers:
+23.28%: pre-market trading leads Meta to drop to $184.51 (a 2.26% change) after ending yesterday at $188.77
The social media colossus rose as high as $197.16 before giving up its gains and dropping back to $188.77 before the close on yesterday. The company's market cap currently stands at $494.99 billion with an average daily trading volume of 34.20 million shares. The Nasdaq has been doing worse in 2022, it has been passing it by 56.52%.
Meta reported earnings results Wednesday, with EPS at 1.76 and revenues at $32.16 billion; these results are mixed when compared to a consensus of 2.22 Earnings Per Share and $31.46 billion revenue. Since the release of its earnings report, Meta gained 26.72%.
Align | Up 27.38% to $359.88 yesterday
After having closed Wednesday at $282.53, the 3D digital orthodontics scanners manufacturer rallied above $368.87 yesterday, for the first time in 9 months — gaining $77.35 — and closed at $359.88. The 3D digital orthodontics scanners manufacturer has gained 109.39% since its lowest print of $174.58 earlier this year. So far this year, it has been outperforming the Nasdaq by 94.04%. The company is currently trading with a market cap of $28.11 billion with an average daily volume of 1.18 million shares.
Align Technology released its quarterly earnings report Wednesday, beating analysts estimates. The company reported earnings of 1.73 per share on revenue of $901.51 million, topping estimates of 1.56 per share on revenue of $893 million. Since the release of its earnings report, Align Technology gained 33.42%.
+24%: after-hours trading leads Coinbase to drop to $77.78 (a 4.52% change) after ending yesterday at $81.46
After ending Wednesday at $65.7, Coinbase went up to $85.53 only to drop back, yet still traded well overall and closed at $81.46 yesterday. Currently, the crypto exchange spearhead has a market capitalization of $21.33 billion with an average daily trading volume of 18.85 million shares. So far this year, it has performed better than the Nasdaq by 252.92%.
+21.63%: Cyren explodes 7.24% in pre-market trading, reaches 51.9 cents
After ending Wednesday at 46 cents, Cyren went up to 64.96 cents only to drop back, yet still traded well overall and closed at 55.95 cents yesterday. The state-of-the-art email security software developer's market cap currently stands at $4.48 million with an average daily trading volume of 375,452 shares.