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February 24, 2023
CommScope Holding Company, Inc., N-able, Inc., NVIDIA made yesterday's list of top gainers.
Leading equity indices in the US rose as Nasdaq closed the day at 11,600, having gained 0.72%. S&P 500 ended the session at 4,012.32 after a 0.53% gain.
Uptick coincides with some positive signs published earlier as data from United States concerning Crude Oil Inventories was released yesterday at 16:00 UTC. Newly published figures emphasized continued decline from last month's figure of 16.28 million to 7.65 million this month.
Check out the Top Gainers in technology stocks from yesterday's session…
+14%: Nvidia opened at $234.4 yesterday before posting solid session gaining 14%
The graphics processing unit manufacturer topped out at $238.87 having ended yesterday at $236.64. However, despite early momentum, the stock gave up its gains to now trade at $236.64. With an average daily trading volume of 54.20 million shares. The Nasdaq has been doing worse in 2022, it has been passing it by 71.51%.
Nvidia released its quarterly earnings report Wednesday, beating analysts estimates. The company reported earnings of 0.65 per share on revenue of $6 billion, topping estimates of 0.48 per share on revenue of $6 billion. Since the release of its earnings report, Nvidia gained 14.57%.
+10.48%: yesterday Ansys increased by 10.48%, ended the session at $294.75
After closing yesterday at $294.75, the simulation software developer peaked at $299.95 before giving up early gains and closing at $294.75. The company's market cap currently stands at $25.68 billion with an average daily volume of 430,523 shares. So far this year, it has been beating the Nasdaq by 16.17%.
Ansys released its quarterly earnings report Wednesday, beating analysts estimates. The company reported earnings of 2.61 per share on revenue of $694.12 million, topping estimates of 2.34 per share on revenue of $647.39 million. Since the release of its earnings report, Ansys gained 10.89%.
CommScope Holding Company, Inc. | Up 16.58% to $8.58 yesterday
The broadband enterprise business rose as high as $8.7 before giving up its gains and dropping back to $8.58 before the close on yesterday.
N-able | Up 15.11% to $11.81 yesterday
N-able rallied to $11.89, hitting its highest point in 3 months; it later lost 8 cents and closed at $11.81. Over the past a day, the IT service provider has retreated 13.12% from a noteworthy peak of $11.81. N-able is currently trading with a market cap of $2.13 billion with an average daily trading volume of 285,996 shares.
