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May 06, 2023
Coinbase Global, Inc., Bill.com Holdings, Inc., Affirm Holdings, Inc. made yesterday's list of top gainers.
Markets closed higher yesterday; Dow Jones gained 1.65% and closed at 33,674. S&P 500 closed the day at 4,136.25, having gained 1.85%.
Uptick coincides with some positive signs published earlier as United States Average Hourly Earnings came out at 0.5%, better than analyst estimates of 0.3% and improving upon the previous reading of 0.3%.
Have a look at yesterday's biggest gainers:
Coinbase | Closed +18.33% at $58.24
Coinbase increases its stock value by 18.33% for its largest single-day gain since Feb 15. The crypto exchange spearhead has managed to gain 100.24% so far this year despite trading at lows around $32.53 previously. So far this year, it has performed better than the Nasdaq by 84.79%. Coinbase has a market cap of $14.27 billion with an average daily trading volume of 15.58 million shares.
Coinbase released its quarterly earnings report Thursday, beating analysts estimates. The company reported earnings of 0.15 per share on revenue of $736.40 million, topping estimates of -1.44 per share on revenue of $220,000. Since the release of its earnings report, Coinbase gained 20.11%.
Affirm | Up 17.31% to $10.71 yesterday
The San Francisco-based fintech developer traded at $10.71 yesterday, after making its biggest single-day jump of $1.58 (17.31%) since Mar 21. The fintech company has fallen back around 77.12% over the past 8 months, from a notable high of $39.91. The Nasdaq has been doing worse in 2022, it has been passing it by 5.96%. The San Francisco-based fintech developer's market cap currently stands at $3.15 billion with an average daily volume of 11.33 million shares.
The company trades at $10.71 ahead of quarterly performance report which is scheduled to be released Tuesday.
+17.68%: Bill.com levels up 17.68% in yesterday's session; traders eye opening bell in a day time
After ending Thursday's session at $79.91, Bill.com went up to $99.87 yesterday only to fall back and close at $94.04. Currently, the infrastructure software provider has a market capitalization of $10 billion with an average daily trading volume of 2 million shares. So far this year, it has been doing worse than the Nasdaq by 31.45%.
Bill.com reported earnings results Thursday, with EPS at -0.11 and revenues at $272.56 million; these results are mixed when compared to a consensus of 0.24 Earnings Per Share and $246.82 million revenue. Since the release of its earnings report, Bill.com gained 19.6%.
+16.22%: NCR gains 16.22% within $21.77 to $23.45 daily range
The US software, consulting and technology company topped out at $23.45 having ended yesterday at $22.78. However, despite early momentum, the stock gave up its gains to now trade at $22.78. NCR is currently trading with a market cap of $3.19 billion with an average daily trading volume of 1.65 million shares.
NCR released its quarterly earnings report Thursday, beating analysts estimates. The company reported earnings of 0.32 per share on revenue of $1.89 billion, topping estimates of 0.19 per share on revenue of $1.84 billion. Since the release of its earnings report, NCR gained 10.85%.
