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June 02, 2023
Carvana Co., Chewy, Inc., Veeva Systems Inc. made yesterday's list of top gainers.
Leading equity indices in the US rose as S&P 500 closed the day at 4,221, having gained 0.99%. Nasdaq ended the session at 13,100 after a 1.28% gain.
Uptick coincides with some positive signs published earlier as United States Crude Oil Inventories beat analyst expectations of -1.10 million and the previous reading of -12.46 million with new data of 4.49 million.
Have a look at yesterday's biggest gainers:
Veeva Systems | +0.86% in pre-market trade with a hour until open
The life sciences tech enabler closed at $198.3 after it made its largest daily jump of $32.6 (19.67%) since May 2021. The past 3 months have been positive for the life sciences tech enabler as it added 24.09% compared to its 3-month low of $151.1. So far this year, it has performed better than the Nasdaq by 9.47%. Currently, the life sciences tech enabler has a market capitalization of $31.77 billion with an average daily trading volume of 1.33 million shares.
Veeva Systems reported earnings results Wednesday, with EPS at 0.64 and revenues at $526.33 million; these results are mixed when compared to a consensus of 0.79 Earnings Per Share and $515.81 million revenue. Since the release of its earnings report, Veeva Systems gained 21.17%.
Chewy | Closed +21.57% at $35.85
Chewy closed at $35.85 after it made its largest daily jump of $6.36 (21.57%) since November 2022. Chewy is now trading 41.03% below the significant high of $50 it set around 9 months ago. So far this year, it has been under-performing the Nasdaq by 19.64%. The company is currently trading with a market cap of $15.31 billion with an average daily volume of 4.63 million shares.
+22.29%: Carvana Co. levels up 22.29% in yesterday's session; traders eye opening bell in a hour time
Ending Wednesday at $12.92, the used car e-commerce platform rallied 22.29% yesterday and stayed at the $15.8 level. Carvana Co. has a market cap of $2.81 billion with an average daily volume of 25.80 million shares. The Nasdaq has been doing worse in 2022, it has been passing it by 617.31%.
Pure Storage | Up 19.07% to $34.28 yesterday
Approximately a day ago, the data storage technology company reached a significant high of $34.28 but has struggled to hold onto its gains and declined 16% since then. Pure Storage is currently trading with a market cap of $10.53 billion with an average daily volume of 5.40 million shares.
