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March 12, 2023Against the current: Markets slid, yet PLAYSTUDIOS, Inc., IAA, Inc., Bilibili Inc. went up and made this list of Friday's top stocks gainers.
Leading equity indices in the US declined as S&P 500 lost 1.45% and ended the session at 3,861.59. After dropping 1.76%, Nasdaq closed at 11,139.
Even though markets fell Friday, some stocks were bullish. Have a look at these Top Gainers from Friday's session:
+5.96%: risk-on sentiment allowed Bilibili to post 5.96% gain Friday
The iconic Chinese brand went up to $19.73, gaining 5.96%. The company has a market cap of $7.55 billion with an average daily volume of 7.86 million shares. So far this year, it has been doing worse than the Nasdaq by 34.71%.
+10.37%: IAA gains 10.37%; sets session high of $42
After ending Thursday at $37.61, the used car dealer company spiked to $42 and closed Friday at $41.51 — gaining 10.37% overall. IAA's market cap currently stands at $5.56 billion with an average daily trading volume of 3.80 million shares.
+14.41%: Playstudios opened at $4.2 Friday before posting solid session gaining 14.41%
The mobile and social gaming developer topped out at $4.34 having ended Friday at $3.97. However, despite early momentum, the stock gave up its gains to now trade at $3.97. The company's market cap currently stands at $515.64 million with an average daily trading volume of 222,645 shares.
Playstudios released its quarterly earnings report Thursday, beating analysts estimates. The company reported earnings of -0.02 per share on revenue of $79.38 million, topping estimates of -0.03 per share on revenue of $70 million. Since the release of its earnings report, Playstudios gained 9.97%.
