Off to the races! Markets are off to a great start this session; Asana has already added 23.09% to lead the way for stocks
The leading indices are climbing up — Nasdaq up to 11,650, gaining 0.64%. Dow Jones up to 32,946, gaining 0.45%.
Today's rise takes place amid mixed market indicators — following a previous reading of 190,000, Initial Jobless Claims in United States released today at 13:30 UTC fell short of the 195,000 figure expected by analysts with an actual reading of 211,000.
Here are the biggest stocks gainers so far today.
GE | +8.9% to start today's session
While yesterday ended at $87, today, General Electric rallied above $94.74 for the first time in 10 months and gained $7.72 — now trading at $94.72. After hitting an important low of $61.09 approximately 7 months ago, the US conglomerate has bounced back 42.38% since. So far this year, it has been under-performing the S&P 500 by 1.86%. The company is currently trading with a market cap of $103.18 billion with an average daily volume of 5.80 million shares. GE is forecasted to generate revenues of $21.59 billion and EPS of $1.11.
+7.73%: XPO Logistics rallies 7.73% to $38.03
After closing yesterday at $35.3, the US freight transportation company went up to $38.12 only to drop back some of the way, and is now trading at $38.03. The company has a market cap of $4.39 billion with an average daily trading volume of 2 million shares. So far this year, it has been doing worse than the Nasdaq by 1.15%.
+23.09%: Asana is up 23.09%, trades at $21.91
After closing yesterday at $17.8, the web and mobile application developer went up to $22.95 only to drop back some of the way, and is now trading at $21.91. Asana's market cap currently stands at $4.66 billion with an average daily volume of 3.20 million shares. So far this year, it has been outperforming the Nasdaq by 24.07%.
Asana released its quarterly earnings report yesterday, beating analysts estimates. The company reported earnings of -0.4 per share on revenue of $150.23 million, topping estimates of -0.47 per share on revenue of $145.12 million. Since the release of its earnings report, Asana gained 25.34%.
Paysafe | +18.23% to start today's session
Paysafe lost 24 cents and now trades at $24, following an impressive jump to $24.24 yesterday — a significant recent high. The payment processing tech firm now trading 1,350% above its 3-month low of $1.18. The Nasdaq has been doing worse in 2022, it has been passing it by 30.51%. The company's market cap currently stands at $1.45 billion with an average daily volume of 311,126 shares.
Paysafe is scheduled to announce earnings results today. The consensus Earnings Per Share estimate is 0.3 and the consensus revenue estimate is $375.25 million.