Markets were flat yesterday, yet NVIDIA, Mullen Automotive, Inc., Monolithic Power Systems Inc showed impressive gains and made this list of top gainers.
Markets completed a mixed session yesterday, as Nasdaq gained 1.71% and closed at 12,700. S&P 500 closed the day at 4,151.28, having gained 0.88%.
Current market events are being influenced by ambiguous macro data as United States Pending Home Sales improved upon its previous reading of -5.2% with a new data release of 0%.
Despite yesterday's flat session, several stocks are managing to post notable gains. Take a look at the market's Top Gainers:
+24.37%: yesterday Nvidia increased by 24.37%, ended the session at $379.8
After closing Wednesday at $305.38, NVIDIA closed at $379.8 yesterday after climbing to $394.8 and dropping back down. Nvidia's market cap is currently $939.29 billion with an average daily trading volume of 46.24 million shares. So far this year, it has performed better than the Nasdaq by 327.52%.
Monolithic Power Systems | Closed +17.46% at $488.32
Monolithic Power Systems increases its stock value by 17.46% for its largest single-day gain since October 2013. The semiconductor developer has managed to gain 53.77% so far this year despite trading at lows around $309.2 previously. So far this year, it has been beating the S&P 500 by 44.83%. Monolithic Power Systems has a market cap of $23.16 billion with an average daily volume of 730,870 shares. MPS has a forecast of $449.27 million with an EPS of $2.25.
+16.8%: Nutanix closes at $29.68 after gaining 16.8%
Nutanix ended Wednesday's session at $25.41. yesterday started with an increase to $29.89, but dropped back and closed at $29.68. Currently, the computer software developer has a market capitalization of $6.83 billion with an average daily volume of 1.37 million shares.
Mullen Automotive | +1.58% in pre-market trade with 7 hours until open
Approximately 24 days ago, the US automotive and EV manufacturer reached a significant high of $2.02 but has struggled to hold onto its gains and declined 60.47% since then. The Nasdaq has been doing worse in 2022, it has been passing it by 357.15%. Mullen Automotive is currently trading with a market cap of $164.42 million with an average daily trading volume of 113.38 million shares. Mullen is forecasted to generate revenues of $37.3 million and EPS of $4.