Bright Health Group Inc., Marvell Technology Group Ltd, Pinduoduo made yesterday's list of top gainers.
Leading equity indices in the US rose as Nasdaq ended the session at 12,976 after a 2.19% gain. S&P 500 closed the day at 4,205.45, having gained 1.3%.
Yesterday's rise took place amid mixed market indicators — United States Core Durable Goods Orders published yesterday at 12:30 UTC came out at -0.2%, falling short of the 0% projections and continuing its decline from the previous 0.3% figure.
Here are the biggest stocks gainers from yesterday.
Pinduoduo | Closed +19% at $71.42
After closing Thursday at $60.02, Pinduoduo closed at $71.42 yesterday after climbing to $71.5 and dropping back down.
Marvell Technology Group | -32.42% yesterday including 2.79% gain in aftermarket trade
The integrated circuits design company traded at $65.51 yesterday, after making its biggest single-day jump of $16.04 (32.42%) since December 2021. The integrated circuits developer is now trading 24.48% below the significant high of $65.51 it set around a day ago. So far this year, it has been beating the Nasdaq by 127.58%. Marvell has a market cap of $56.28 billion with an average daily trading volume of 12.94 million shares.
Marvell released its quarterly earnings report Thursday, beating analysts estimates. The company reported earnings of 0.37 per share on revenue of $1.32 billion, topping estimates of 0.29 per share on revenue of $1.30 billion. Since the release of its earnings report, Marvell gained 42.47%.
RingCentral | Closed +17.9% at $34.78
RingCentral rallied 17.9% and ended the session at $34.78.
+45.85%: Bright Health posts solid session with 45.85% gain; upside capped at $15.8
Pronounced bullish sentiment in the market helped the health insurance provider to make a notable 45.85% gain yesterday, rising $3.7 and ultimately closing at $11.77. Currently, the US health insurance company has a market capitalization of $93.59 million with an average daily volume of 7.37 million shares. So far this year, it has been outperforming the Nasdaq by 291.68%.