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May 28, 2023
Marvell Technology Group is Friday's top mover after gaining 32.42%
Markets had an interesting day Friday; Nasdaq gained 2.19% and closed at 12,976. S&P 500 ended the session at 4,205.45 after a 1.3% gain.
Assets that recorded the greatest percentage change in relation to their peers are designated as "Top Movers" with 's most active technology stocks listed below.
Marvell Technology Group is up to $67.34 (+2.79%) in pre-market trading after closing Friday's session at $65.51
Marvell stayed on track Friday: the integrated circuits developer topped out at $65.75 having ended Friday at $65.51. However, despite early momentum, the stock gave up its gains to now trade at $65.51. The company's market cap currently stands at $56.28 billion with an average daily volume of 16.74 million shares. The Nasdaq has been doing worse in 2022, it has been passing it by 127.58%.
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 finishing Thursday at $29.5, the US software company went up by 17.9% Friday and remained at the $34.78 level.
C3.ai opened at $32.41 Friday before posting solid session gaining 15.95%
It was more of the same for C3.ai Friday — the enterprise AI software provider gained 15.95% and stayed at $32.94 levels. The enterprise AI software provider's market cap currently stands at $3.70 billion with an average daily trading volume of 19.97 million shares.
C3.ai is scheduled to announce earnings results Wednesday. The consensus EPS estimate is -0.17 and the consensus revenue estimate is $71.32 million.
