Moderna Inc, Pinterest, Inc., iQIYI, Inc. made yesterday's list of top gainers.
Leading equity indices in the US rose as Nasdaq closed the day at 11,257, having gained 1%. S&P 500 ended the session at 4,019.65 after a 0.73% gain.
More data out yesterday as United States Consumer Price Index came out at 0.1%, while a consensus of analysts was expecting 0.3%.
Have a look at yesterday's biggest gainers…
Moderna | +19.63% at $197.54
Having closed Monday at $165.13, bullish sentiment helped Moderna to reach highs around $208.52 before paring gains and ending yesterday at $197.54. Daily trading volume (25.89 million shares) increased, making up 707% of the 21-day average (3.66 million).
Pinterest | +11.9% at $26.42
The social media service topped out at $26.79 having ended yesterday at $26.42. However, despite early momentum, the stock gave up its gains to now trade at $26.42. Daily trading volume (37.71 million shares) was above the current multiday average of 10.43 million.
IQIYI | +9.38% at $3.85
IQIYI hit a significant low of $2 around a month ago, but has since recovered 75.12%. So far in 2022 it has been beating the Nasdaq by 24.67%. The company has a market cap of $3.32 billion with an average daily trading volume of 18.83 million shares. IQIYI has a forecast of $6.42 billion with an EPS of -1 cents.
Coherent | +8.44% at $38.4
The laser and photonics supplier has shed 86.5% over the past six months. Coherent's market cap is currently $4.83 billion with an average daily volume of 1.51 million shares. Coherent last reported revenue of $1.34 billion with an EPS of 72 cents.