C3.ai, Inc., TuSimple Holdings Inc., Novavax, Inc. made yesterday's list of top gainers.
Leading equity indices in the US rose as S&P 500 closed the day at 4,045.64, having gained 1.61%. Nasdaq ended the session at 11,700 after a 1.97% gain.
More data out yesterday as United States ISM Non-Manufacturing PMI (Feb) came out at 55.1, while a consensus of analysts was expecting 54.5.
Yesterday was an exciting day for markets with several stocks capitalising on the risk-on mood. Have a look at these Top Gainers:
Novavax | Up 10.97% to $7.69 yesterday
Pronounced bullish sentiment in the market helped the US biotechnology company to make a notable 10.97% gain yesterday, rising 76 cents and ultimately closing at $7.69.
The company reported earnings of -2.28 per share and revenue at $357.40 million. Since the release of its earnings report Tuesday, Novavax lost 11.3%.
+12.15%: TuSimple Holdings opened at $1.88 yesterday before posting solid session gaining 12.15%
TuSimple Holdings ended Thursday's session at $1.81. yesterday started with an increase to $2.07, but dropped back and closed at $2.03. Currently, the self-driving technology developer has a market capitalization of $458.19 million with an average daily trading volume of 2.41 million shares. So far this year, it has performed better than the Nasdaq by 24.73%.
TuSimple Holdings is scheduled to announce earnings results Wednesday. The consensus Earnings Per Share estimate is -0.58 and the consensus revenue estimate is $2.44 million.
Tuya | Up 10.9% to $1.73 yesterday
The cloud and management platform provider traded at $1.73 yesterday, after making its biggest single-day jump of 17 cents (10.9%) since Feb 9. The AI and IoT platform has fallen back around 64.14% over the past 1 year, 1 day, from a notable high of $4.35. So far this year, it has been doing worse than the Nasdaq by 26.58%. The company is currently trading with a market cap of $1.10 billion with an average daily trading volume of 724,500 shares.
C3.ai | Closed +33.65% at $28.48
The enterprise-scale AI application developer is now trading 25.18% below the significant high of $28.48 it set around a day ago. The company's market cap currently stands at $3.14 billion with an average daily volume of 32.99 million shares.
C3.ai released its quarterly earnings report Thursday, beating analysts estimates. The company reported earnings of -0.57 per share on revenue of $66.67 million, topping estimates of -0.69 per share on revenue of $64.24 million. Since the release of its earnings report, C3.ai gained 37.39%.