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June 02, 2023
MongoDB leading the pack after gaining 27.76%
Markets are up including news that Dow Jones goes up 2.19%, trading at 33,800. S&P 500 up 1.53%, trading at 4,285.42.
Today's price action is taking place amid mixed market indicators – data for United States Non Farm Payrolls published today at 12:30 UTC came out at 339,000, beating projections of 180,000 and showing improvement over the preceding figure of 294,000.
Assets that recorded the greatest percentage change in relation to their peers are designated as "Top Movers" with the most active technology stocks listed below.
MongoDB adds 27.76%; sets session high of $397.98
This session seems to remain in the same lane for now — after ending yesterday at $293.96, the database developer went up to $397.98 only to drop back some of the way. It is now trading around $375.57 as it reaches the end of the trading session. The database developer's market cap currently stands at $26.49 billion with an average daily trading volume of 1.91 million shares. So far this year, it has been outperforming the Nasdaq by 33.39%.
MongoDB reported earnings results yesterday, with EPS at -1.15 and revenues at $368.28 million; these results are mixed when compared to a consensus of 0.19 Earnings Per Share and $347.15 million revenue. Since the release of its earnings report, MongoDB gained 27.84%.
Vimeo on its way to $4.19, gaining 9.97% today
From an earlier low of $3.86, the US video hosting and sharing platform is on track to end the session around $4.19 after gaining 38 cents compared to last trading session's $3.81 (9.97%). Currently, the US video sharing service has a market capitalization of $694.64 million with an average daily volume of 2.10 million shares. So far this year, it has been doing worse than the Nasdaq by 11.24%.
Guidewire Software sheds 13.03%; sets session low of $69.81
As the current session draws to a close, the property and casualty insurance carrier remains in the $69.81 – $78.45 range after closing yesterday at $82.84 and dropping by 13.03%. Guidewire Software is currently trading with a market cap of $5.88 billion with an average daily volume of 526,842 shares. The Nasdaq has been doing worse in 2022, it has been passing it by 11%.
