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June 03, 2023
Ollie's Bargain Outlet Holdings, Inc., Newell Brands Inc, Oatly Group AB made yesterday's list of top gainers.
Leading equity indices in the US rose as Dow Jones gained 2.12% and closed at 33,763. S&P 500 ended the session at 4,282.37 after a 1.45% gain.
Uptick coincides with some positive signs published earlier as United States Non Farm Payrolls improved upon its previous reading of 294,000 with a new data release of 339,000.
Yesterday was an exciting day for markets with several consumer_defensive stocks capitalising on the risk-on mood. Have a look at these Top Gainers:
+7.07%: Newell Brands closes at $8.78 after gaining 7.07%
Newell Brands ended Thursday's session at $8.2. yesterday started with an increase to $8.85, but dropped back and closed at $8.78. The company has a market cap of $3.64 billion with an average daily trading volume of 9.18 million shares. So far this year, it has been under-performing the S&P by 45.05%.
+6.83%: Oatly appreciates 6.83% with $1.74 as the high of the day
The Swedish food company closed Thursday at $1.61. yesterday, it gained 6.83% and remained around $1.72. Currently, the dairy alternative producer has a market capitalization of $1 billion with an average daily volume of 3.22 million shares. So far this year, it has been doing worse than the Nasdaq by 37.04%.
Chegg | Up 6.54% to $9.61 yesterday
6 months ago the US "edutech" pioneer reached a significant high of $29.84 but has consequently lost 69.77% since then. So far this year, it has been doing worse than the Nasdaq by 85.44%. The US education technology company's market cap currently stands at $1.15 billion with an average daily trading volume of 4.12 million shares. Chegg is forecasted to generate revenues of $185.18 million and EPS of 25.52 cents.
Ollie's Bargain Outlet | Up 8.13% to $57.69 yesterday
The discount closeout retailer chain has managed to gain 25.74% so far this year despite trading at lows around $45.53 previously. Ollie's Bargain Outlet's market cap currently stands at $3.57 billion with an average daily volume of 1 million shares.
Ollie's Bargain Outlet is trading in a $53.74 – $57.86 range prior to its earnings announcement.
