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March 04, 2023
C3.ai is yesterday's top mover after gaining 33.65%
Leading equity indices in the US rose as S&P 500 closed the day at 4,045.64, having gained 1.61%. Nasdaq gained 1.97% and closed at 11,700.
Today's price action is taking place amid mixed market indicators – United States ISM Non-Manufacturing PMI (Feb) released yesterday at 15:00 UTC with a figure of 55.1, while the previous figure was 55.2.
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.
C3.ai gains 33.65% within $24.03 to $28.94 daily range
C3.ai stayed on track yesterday: after closing Thursday at $21.31, C3.ai, Inc. closed at $28.48 yesterday after climbing to $28.94 and dropping back down. C3.ai is currently trading with a market cap of $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%.
Tuya | Closed +10.9% at $1.73
After closing at $1.56 on Thursday, Tuya maintained a strong bullish bias that helped the stock close higher at $1.73 yesterday. However, market bears ensured the the cloud and management platform provider topped out at $1.76 and that by the end of the session, the market had marked out a distinct $1.58 to $1.76 range.
Yesterday's lacklustre sentiment ensured Zscaler slid 11.1%
After ending Thursday at $134.13, Zscaler declined to $116.64 yesterday before closing at $119.24, thereby losing 11.1% in total. Zscaler's market cap currently stands at $17.20 billion with an average daily trading volume of 2.67 million shares. So far this year, it has been under-performing the Nasdaq by 4.12%.
Zscaler was down, even though its quarterly earnings released on Thursday beat the analysts’ estimates. The reported earnings of -0.35 per share on revenue of $387.60 million, topping estimates of -0.43 per share on revenue of $344 million.
