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June 09, 2023Most markets are higher this morning as risk-on sentiment dominates: Farfetch Limited, Signature Bank, Oatly Group AB are showing impressive gains as we move into the afternoon trading session.
The leading indices are climbing up — Nasdaq up to 13,265, gaining 0.2%. S&P 500 up to 4,298.71, gaining 0.11%.
Today's rise takes place amid mixed market indicators — Initial Jobless Claims in United States fell short of market expectations (235,000) with a reading of 261,000, continuing the decline from the previous figure of 233,000.
Here are the biggest stocks gainers so far today.
Farfetch Limited | +8.3% in mid-session
The British-Portuguese luxury fashion distributor reached $6.27, breaking a 3 months record. Later, it lost 33.5 cents and is now trading at $5.94. The online luxury fashion retail platform has recovered 42.34% since descending to a significant low of $3.85 around a month ago. The Nasdaq has been doing worse in 2022, it has been passing it by 2.72%. Farfetch Limited's market cap is currently $2.45 billion with an average daily trading volume of 16.64 million shares. Farfetch Limited expected revenue of $512.72 million with an EPS of -42 cents.
+7.5%: upward momentum peaks at 13.155 cents for Signature Bank
The full-service commercial bank trades at 12.9 cents today, after closing yesterday at 12 cents and gaining 0.9 cents (7.5%). Currently, the full-service commercial bank has a market capitalization of $8.12 million with an average daily volume of 1.49 million shares. So far this year, it has been doing worse than the Nasdaq by 121.43%.
+6.92%: after ending the last session at $1.95, Oatly soars to $2.08 (up 6.92%)
The dairy alternative producer gaining 6.92% and hovering around the $2.08 level. The company has a market cap of $1.23 billion with an average daily volume of 3 million shares. So far this year, it has been under-performing the Nasdaq by 24.53%.
