Against the current: Markets slid, yet Builders FirstSource, Inc., Sapiens International Corporation N.V., Chegg, Inc. went up and made this list of yesterday's top stocks gainers.
Leading equity indices in the US declined as after dropping 0.8%, Dow Jones closed at 33,400. S&P 500 lost 0.7% and ended the session at 4,090.75.
While price action maintains a negative bias, United States Interest Rate released yesterday at 18:00 UTC with a figure of 5.25, while the previous figure was five.
Despite markets falling yesterday, some stocks managed to post gains. Have a look at these Top Gainers.
+11.61%: Generac Holdings ended yesterday at $114.74, a 11.61% increase
The engine equipment manufacturer rose as high as $121.31 before giving up its gains and dropping back to $114.74 before the close on yesterday. The company is currently trading with a market cap of $7.10 billion with an average daily volume of 1.19 million shares. So far this year, it has been beating the S&P 500 by 11.52%.
Generac Holdings released its quarterly earnings report yesterday, beating analysts estimates. The company reported earnings of 2.09 per share on revenue of $887.91 million, topping estimates of 0.49 per share on revenue of $841 million. Since the release of its earnings report, Generac Holdings gained 11.61%.
+12%: Chegg levels up 12% in yesterday's session; traders eye opening bell in 7 hours time
After closing at $9.08 on Tuesday, Chegg maintained a strong bullish bias that helped the stock close higher at $10.17 yesterday. However, market bears ensured the the US education technology company topped out at $11.07 and that by the end of the session, the market had marked out a distinct $9.3 to $11.07 range. Currently, the US "edutech" pioneer has a market capitalization of $1.22 billion with an average daily trading volume of 6.89 million shares. So far this year, it has been under-performing the Nasdaq by 76.22%.
+12.88%: Builders FirstSource levels up 12.88% in yesterday's session; traders eye opening bell in 7 hours time
After closing yesterday at $107.46, the building materials supplier peaked at $107.81 before giving up early gains and closing at $107.46. Currently, the Fortune 500 building materials manufacturer has a market capitalization of $13.91 billion with an average daily volume of 2.33 million shares. The Nasdaq has been doing worse in 2022, it has been passing it by 65.76%.
+12.17%: Sapiens is up to $23.46 (+4.78%) in pre-market trading after closing yesterday's session at $22.39
After ending Tuesday's session at $19.96, Sapiens International Corporation went up to $22.95 yesterday only to fall back and close at $22.39. The insurance industry computer software developer's market cap currently stands at $1.23 billion with an average daily trading volume of 89,764 shares.