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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 gained 0.72% and closed at 11,600. S&P 500 closed the day at 4,012.32, having gained 0.53%.
Uptick coincides with some positive signs published earlier as data for United States Crude Oil Inventories released yesterday at 16:00 UTC is better than expected with 7.65 million, but worse than previous figure of 16.28 million.
Have a look at yesterday's biggest gainers:
+14%: yesterday Nvidia increased by 14%, ended the session at $236.64
After closing yesterday at $236.64, the graphics processing unit (GPU) manufacturer peaked at $238.87 before giving up early gains and closing at $236.64. Nvidia's market cap currently stands at $589.71 billion with an average daily volume of 54.20 million shares. So far this year, it has been outperforming the Nasdaq 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%.
Bausch Health Companies | Up 14% to $9.85 yesterday
The pharma developer and manufacturer went up to $9.85, gaining 14%.
CommScope Holding Company, Inc. | Closed +16.58% at $8.58
The broadband enterprise business closed at $8.58 after it made its largest daily jump of $1.22 (16.58%) since Jan 12. Approximately 3 months ago, the US network infrastructure provider reached a significant high of $13.43 but has struggled to hold onto its gains and declined 45.2% since then. The broadband enterprise business's market cap currently stands at $1.79 billion with an average daily trading volume of 2.59 million shares.
N-able | Closed +15.11% at $11.81
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 data protection solutions provider has retreated 13.12% from a noteworthy peak of $11.81. The company has a market cap of $2.13 billion with an average daily trading volume of 285,996 shares.
