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June 15, 2023
Markets were flat yesterday, yet Coherent, Inc., IPG Photonics Corp, Unity Software Inc. showed impressive gains and made this list of top gainers.
Markets completed a mixed session yesterday, as Dow Jones slipped 0.68% and closed at 33,979. Nasdaq gained 0.39% and closed at 13,626.
Current market events are being influenced by ambiguous macro data as United States Interest Rate came out at 5.25, while a consensus of analysts was expecting 5.25.
Despite yesterday's flat session, several technology stocks are managing to post notable gains. Take a look at the market's Top Gainers:
IPG Photonics | Closed +13.47% at $132.83
The US fibre laser manufacturer reached $136.72, breaking a 1 year record. Later, it lost $3.88 and is now trading at $132.83. This year has been a bright one for the US fibre laser manufacturer after trading as low as $83 and going on to appreciate by 45.02% year to date. So far this year, it has been outperforming the S&P 500 by 34.15%. The company has a market cap of $6.28 billion with an average daily volume of 210,287 shares. IPG Photonics is forecasted to generate revenues of $330.6 million and EPS of $1.14.
+6.38%: Unity Software closes at $41.04 after gaining 6.38%
After closing yesterday at $41.04, the video game maker peaked at $42.34 before giving up early gains and closing at $41.04. Unity Software has a market cap of $16.66 billion with an average daily volume of 15.85 million shares. So far this year, it has been beating the Nasdaq by 33.86%.
+5.5%: Lumentum gains 5.5% within $53.75 to $57.94 daily range
After ending Tuesday's session at $53.49, Lumentum went up to $57.94 yesterday only to fall back and close at $56.43. The optical and photonic product supplier's market cap currently stands at $3.88 billion with an average daily trading volume of 1.93 million shares.
Coherent | -14.22% yesterday including 1.23% gain in aftermarket trade
Coherent gained $6.09 and closed above the $43 level for the first time in 3 months. The laser and photonics supplier has fallen back around 84.04% from the significant high of $268.22 set 11 months ago. The company's market cap currently stands at $6.57 billion with an average daily trading volume of 3.28 million shares. Coherent is forecasted to generate revenues of $1.34 billion and EPS of 82 cents.
