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May 06, 2023
PacWest Bancorp, Western Alliance Bancorporation, Opendoor Technologies Inc. made yesterday's list of top gainers.
Leading equity indices in the US rose as Dow Jones closed the day at 33,674, having gained 1.65%. S&P 500 ended the session at 4,136.25 after a 1.85% gain.
Uptick coincides with some positive signs published earlier as highly important Average Hourly Earnings data from United States beat analyst expectations of 0.3% with a reading of 0.5%.
Have a look at yesterday's biggest gainers:
+26.7%: Icahn Enterprises is up to $38.75 (+1.64%) in after hours trading after closing yesterday's session at $38.12
After finishing Thursday at $30.09, the diversified holding company went up by 26.7% yesterday and remained at the $38.12 level. The Florida-based conglomerate's market cap currently stands at $16.70 billion with an average daily volume of 3 million shares. So far this year, it has been under-performing the Nasdaq by 46.44%.
+49.23%: Western Alliance Bancorporation levels up 49.23% in yesterday's session; traders eye opening bell in 2 days time
The retail and commercial bank gained 49.23% and stayed at $27.16 levels. The US bank's market cap currently stands at $2.97 billion with an average daily trading volume of 10.89 million shares. So far this year, it has been doing worse than the Nasdaq by 78.73%.
Opendoor Technologies Inc | Up 32.59% to $1.79 yesterday
The online residential real estate company closes its best day in 5 months, jumping by 32.59% (44 cents) to $1.79. The online residential real estate company has fallen back around 83.15% from the significant high of $8 set 11 months ago. So far this year, it has been beating the Nasdaq by 89.1%. Currently, the online US real estate company has a market capitalization of $1.16 billion with an average daily trading volume of 18.61 million shares.
Opendoor Technologies Inc reported earnings results Thursday, with EPS at -0.71 and revenues at $3.12 billion; these results are mixed when compared to a consensus of -0.66 Earnings Per Share and $2.68 billion revenue. Since the release of its earnings report, Opendoor Technologies Inc gained 33.58%.
+81.7%: PacWest Bancorp gained 81.7% during yesterday's session, continues to go up in after hours trading (+3.13% to $5.94)
Pronounced bullish sentiment in the market helped the multi-billion-dollar banking firm to make a notable 81.7% gain yesterday, rising $2.59 and ultimately closing at $5.76. PacWest Bancorp's market cap is currently $692.61 million with an average daily trading volume of 27.92 million shares.
