Most markets are higher this morning as risk-on sentiment dominates: Cresco Labs Inc., Meta Platforms, GrowGeneration Corp. are showing impressive gains as we move into the afternoon trading session.
The leading indices are pointing up — S&P 500 up to 4,119.57, gaining 1.57%. Nasdaq up 2.18%, trading at 12,100.
Today's rise takes place amid mixed market indicators — Pending Home Sales in United States fell short of market expectations (0.5%) with a reading of -5.2%, continuing the decline from the previous figure of 0.8%.
Here are the biggest stocks gainers so far today.
Facebook | +15.03% in mid-session
Following yesterday's session which closed at $209.4, Facebook went up to $241.58 today only to drop back and trade at $240.87.
+14.72%: GrowGeneration explodes to $3.43 up 14.72%
Despite closing yesterday at $3 and then climbing as high as $3.48 today, GrowGeneration has given up a sizeable portion of its gains to now trade at $3.43. The company has a market cap of $209.21 million with an average daily trading volume of 724,225 shares.
Lucid Group, Inc. | +13.35% in mid-session
Over the past 9 months, the luxury EV maker has retreated 66.39% from a noteworthy peak of $21.48. Lucid Group, Inc.'s market cap currently stands at $14.98 billion with an average daily volume of 16.58 million shares. Lucid Group, Inc. expected revenue of $327 million with an EPS of -39 cents.
+15.07%: Cresco Labs skyrockets to $1.66 up 15.07%
After ending yesterday at $1.44, Cresco Labs is currently trading at $1.66. The company is currently trading with a market cap of $498.17 million with an average daily volume of 341,129 shares.