Markets were flat yesterday, yet ON Semiconductor Corporation, StoneCo Ltd., PowerFleet, Inc. showed impressive gains and made this list of top gainers.
Markets completed a mixed session yesterday, as Nasdaq gained 0.4% and closed at 11,576. Dow Jones was down 0.18% before closing the session at 32,800.
Current market events are being influenced by ambiguous macro data as United States Crude Oil Inventories fell short of the 395,000 projections, with new data of -1.69 million.
Despite yesterday's flat session, several technology stocks are managing to post notable gains. Take a look at the market's Top Gainers:
+5%: Marvell Technology Group posts solid session with 5% gain; upside capped at $43.18
Pronounced bullish sentiment in the market helped the integrated circuits developer to make a notable 5% gain yesterday, rising $2.05 and ultimately closing at $43.15. The company has a market cap of $36.82 billion with an average daily trading volume of 11.55 million shares. So far this year, it has been beating the Nasdaq by 10.78%.
+5.16%: StoneCo appreciates 5.16% with $9.63 as the high of the day
The cloud-based technology platform went up to $9.57, gaining 5.16%. The company is currently trading with a market cap of $2.99 billion with an average daily volume of 4.80 million shares. So far this year, it has performed better than the Nasdaq by 3.44%.
StoneCo is scheduled to announce earnings results Tuesday. The consensus EPS estimate is 0.09 and the consensus revenue estimate is $519.83 million.
ON Semiconductor | Closed +5.59% at $83.1
The semiconductor manufacturing company closed at $83.1 after it made its largest daily jump of $4.4 (5.59%) since Feb 14. Over the past 23 days, the semiconductor supplier has retreated 9.42% from a noteworthy peak of $86.88. So far this year, it has been outperforming the Nasdaq by 27.25%. ON Semiconductor's market cap is currently $35.90 billion with an average daily trading volume of 8.15 million shares. $2.10 billion was ON Semiconductor's last reported revenue with $1.32 being the current EPS.
PowerFleet gains 5%, closes at $2.94 ahead of the quarterly earnings report set for today
PowerFleet rallied 14 cents (5%) deep into the session, closing at $2.94. The company's market cap currently stands at $106.34 million with an average daily trading volume of 93,290 shares.
PowerFleet is trading in a $2.69 – $2.95 range prior to its earnings announcement.