DocuSign is yesterday's top mover after declining 22.85%
Leading equity indices in the US declined as S&P 500 closed at 3,861.59, a 1.45% change. Nasdaq shed 1.76% and closed at 11,139.
Today's price action is taking place amid mixed market indicators – highly important Non Farm Payrolls data from United States beat analyst expectations of 205,000 with a reading of 311,000.
“Top Movers” are assets that recorded the highest percentage change compared to their nearest peers. yesterday's most active technology stocks are listed below.
DocuSign | -22.85% at $49.69
DocuSign Inc traded at $49.69 after making its biggest single-day drop of $14.72 (22.85%) since June 2022. The cloud based documents processing provider is now trading 61.83% above the significant low ($39.8) it slumped to 4 months ago. So far this year, it has been under-performing the Nasdaq by 16.51%. The company has a market cap of $9.99 billion with an average daily trading volume of 5 million shares.
DocuSign was down, even though its quarterly earnings released on Thursday beat the analysts’ estimates. The reported earnings of 0.07 per share on revenue of $659.58 million, topping estimates of 0.04 per share on revenue of $626.93 million.
Bill.com | -14.9% at $68.35
After ending yesterday at $68.35, the cloud-based application developer dropped $11.97 to $68.33, reaching its lowest point in 2 years. After hitting an important low of $68.35 approximately a day ago, the infrastructure software provider has bounced back 17.51% since. So far this year, it has been doing worse than the Nasdaq by 40.38%. The company's market cap currently stands at $7.27 billion with an average daily volume of 2.65 million shares. $260 million was Bill.com's last reported revenue with 42 cents being the current EPS.
Sunrun | Currently down 12.31% at $20.73
Yesterday's session ended at $23.64; today, the photovoltaic solar energy firm dropped to its lowest point in 4 months at $19.62. It later recovered $1.11 and is now trading at $20.73. The US residential solar power company has shed 42.84% over the past six months. So far this year, it has been doing worse than the Nasdaq by 16.74%. The company is currently trading with a market cap of $4.44 billion with an average daily trading volume of 8.80 million shares. Sunrun's last revenue report was $609.15 million with an EPS of 29 cents.