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March 09, 2023
ON Semiconductor is yesterday's top mover after gaining 5.59%
Markets completed a mixed session yesterday, as Nasdaq gained 0.4% and closed at 11,576. Dow Jones shed 0.18% and closed at 32,800.
Today's muted price action is occurring amid mixed market indicators – following a previous reading of 1.17 million, Crude Oil Inventories in United States released yesterday at 15:30 UTC fell short of the 395,000 figure expected by analysts with an actual reading of -1.69 million.
“Top Movers” are assets that recorded the highest percentage change compared to their nearest peers. yesterday's most active technology stocks are listed below.
ON Semiconductor | Up 5.59% to $83.1 yesterday
The semiconductor supplier traded at $83.1 yesterday, after making its biggest single-day jump of $4.4 (5.59%) since Feb 14. The semiconductor manufacturing company reached a significant high of $86.88 around 23 days ago but has lost 9.42% since then. So far this year, it has been beating the Nasdaq by 27.25%. The company's market cap currently stands at $35.90 billion with an average daily trading volume of 8.15 million shares. ON Semiconductor's last revenue report was $2.10 billion with an EPS of $1.32.
StoneCo | Up 5.16% to $9.57 yesterday
This year has been a bright one for the fintech and software company after trading as low as $7.24 and going on to appreciate by 13.75% year to date. The Nasdaq has been doing worse in 2022, it has been passing it by 3.44%. The fintech and software company's market cap currently stands at $2.99 billion with an average daily trading volume of 4.80 million shares.
StoneCo is scheduled to announce earnings results Tuesday. The consensus Earnings Per Share estimate is 0.09 and the consensus revenue estimate is $519.83 million.
Bearish mood pushes Shoals Technologies to session low of $24.15
More of the same from yesterday's session: after ending Tuesday at $26.55, Shoals Technologies Group, Inc. declined to $24.15 yesterday before closing at $24.27, thereby losing 8.59% in total. Currently, the electrical balance of system provider has a market capitalization of $3.35 billion with an average daily volume of 2.93 million shares.
