Bright Health Group Inc., Marvell Technology Group Ltd, Pinduoduo made yesterday's list of top gainers.
Markets closed higher yesterday, as Nasdaq gained 2.19% and closed at 12,976. S&P 500 closed the day at 4,205.45, having gained 1.3%.
Yesterday's rise took place amid mixed market indicators — data from United States concerning Core Durable Goods Orders was released yesterday at 12:30 UTC. Newly published figures emphasized continued decline from last month's figure of 0.3% to -0.2% this month.
Have a look at yesterday's biggest gainers:
Pinduoduo | Closed +19% at $71.42
The Chinese based e-commerce platform operator closes its best day in 1 year, jumping by 19% ($11.4) to $71.42. The Chinese based e-commerce platform operator has fallen back around 42.66% over the past 3 months, from a notable high of $104.68. The Chinese based e-commerce platform operator's market cap currently stands at $94.89 billion with an average daily trading volume of 7.77 million shares.
Marvell | -32.42% yesterday including 2.79% gain in aftermarket trade
Marvell Technology Group ended Thursday's session at $49.47. yesterday started with an increase to $65.75, but dropped back and closed at $65.51.
Marvell Technology Group 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 Technology Group gained 42.47%.
RingCentral | Closed +17.9% at $34.78
After having closed Thursday at $29.5, the US software company rallied above $35.58 yesterday, for the first time in 2 months — gaining $5.28 — and closed at $34.78. RingCentral hit a significant low of $25.35 around 23 days ago, but has since recovered 16.37%. So far this year, it has been under-performing the Nasdaq by 19.71%. Currently, the US software company has a market capitalization of $3.40 billion with an average daily volume of 2.56 million shares. RingCentral has a forecast of $527.94 million with an EPS of 68.8 cents.
+45.85%: risk-on sentiment allowed Bright Health to post 45.85% gain yesterday
Pronounced bullish sentiment in the market helped the US health insurance company to make a notable 45.85% gain yesterday, rising $3.7 and ultimately closing at $11.77. The company is currently trading with a market cap 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%.