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May 11, 2023
RingCentral is yesterday's top mover after gaining 14.34%
Markets closed higher yesterday, as Nasdaq closed the day at 12,300, having gained 1.04%. S&P 500 gained 0.45% and closed at 4,137.64.
Today's price action is taking place amid mixed market indicators – highly important Crude Oil Inventories data from United States beat analyst expectations of -917,000 with a reading of 2.95 million.
“Top Movers” are assets that recorded the highest percentage change compared to their nearest peers. yesterday's most active technology stocks are listed below.
RingCentral opened at $29.31 yesterday before posting solid session gaining 14.34%
Yesterday's session pointed in the same direction — RingCentral ended Tuesday's session at $26.5. yesterday started with an increase to $31.78, but dropped back and closed at $30.3. The cloud-based comms company's market cap currently stands at $2.93 billion with an average daily trading volume of 2 million shares. So far this year, it has been doing worse than the Nasdaq by 29.67%.
Bullish mood lifts N-able to session high of $13.84
Yesterday's session pointed in the same direction — pronounced bullish sentiment in the market helped the data protection solutions provider to make a notable 8.59% gain yesterday, rising $1.09 and ultimately closing at $13.78. The data protection solutions provider's market cap currently stands at $2.51 billion with an average daily volume of 341,689 shares.
Bearish CEVA declines $3.61 (14.49%)
Yesterday's session continued down the same path: early in yesterday's session, CEVA, Inc. dropped to $20.57 from $24.92 at the end of Tuesday, before closing at $21.31. During the session, it lost 14.49%. Currently, the semiconductor manufacturing company has a market capitalization of $498.99 million with an average daily volume of 105,235 shares.
