Sea Ltd is yesterday's top mover after declining 17.74%
Leading equity indices in the US declined as after dropping 1%, Dow Jones closed at 33,000. S&P 500 was down 0.64% before closing the session at 4,110.
Today's price action is taking place amid mixed market indicators – United States Retail Sales released earlier showed a marked improvement to 0.4% from the preceding data of -0.7%, but fell short of the 0.8% figure forecast by a consensus of market analysts.
“Top Movers” are assets that recorded the highest percentage change compared to their nearest peers. yesterday's most active stocks are listed below.
Sea Ltd dropped by 17.74% and closed the session at $72.45
Early in yesterday's session, Sea Limited American dropped to $70.77 from $88.07 at the end of Monday, before closing at $72.45. During the session, it lost 17.74%. Currently, the internet company has a market capitalization of $41 billion with an average daily volume of 4.12 million shares. The S&P 500 has been doing worse in 2022, it has been passing it by 20.83%.
PacWest Bancorp | Currently down 14.58% at $4.57
The multi-billion-dollar banking firm has shed 81% over the past three months. The company's market cap currently stands at $734.30 million with an average daily trading volume of 41.60 million shares. PacWest Bancorp's last revenue report was $517.79 million with an EPS of $-10.22.
Horizon Therapeutics | -14.17% at $96.34
Horizon Therapeutics traded at $96.34 after making its biggest single-day drop of $15.91 (14.17%) since August 2022. Horizon Therapeutics hit a significant low of $58.92 around 8 months ago, but has since recovered 90.51%. So far this year, it has been doing worse than the Nasdaq by 29.08%. The biopharmaceutical firm's market cap currently stands at $22 billion with an average daily trading volume of 2.84 million shares. $832 million was Horizon Therapeutics's last reported revenue with 83 cents being the current EPS.
Paysafe | -12.28% at $12.71
The payment processing tech firm is now trading 39.37% below its 3-month high of $23.54. So far this year, it has been under-performing the Nasdaq by 26.38%. The company is currently trading with a market cap of $778.70 million with an average daily trading volume of 298,971 shares.