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June 20, 2023
Against the current: Markets are down, yet Lumentum Holdings Inc., Allegro MicroSystems, Inc., RADCOM Ltd. go up and make this list of top gainers.
The leading indices were losing ground — Dow Jones drawing back 0.89% to 34,000. S&P 500 slipping 0.74% and closing at 4,376.79.
Amid the market gloom, United States Building Permits (May) came out at 1.49 million, while a consensus of analysts was expecting 1.43 million.
Markets are falling this session, but some technology stocks are registering gains. Take a look at today's positive market movers.
+9%: Lumentum up 9%, trading around $63
Following yesterday's session which closed at $57.8, Lumentum went up to $65.15 today only to drop back and trade at $63. The company is currently trading with a market cap of $4.33 billion with an average daily trading volume of 2.11 million shares.
+4.48%: Allegro jumps 4.48% after trading as low as $40.4
After closing the previous trading day at $40.16, Allegro is up to $41.96, which makes for a move of 4.48%/$1.8 today. Currently, the advanced semiconductor device manufacturer has a market capitalization of $8 billion with an average daily trading volume of 1.34 million shares.
Otonomo | +2.92% in mid-session
After closing the previous trading day at 38.03 cents, Otonomo is up to 39.14 cents, which makes for a move of 2.92%/1.11 cents today.
Radcom | +3.5% in mid-session
The telecoms service assurance firm reached a significant high of $12.4 around 10 months ago but has lost 26.37% since then. The quality monitoring software provider's market cap currently stands at $141.62 million with an average daily volume of 12,981 shares. Radcom expected revenue of $11.74 million with an EPS of 12 cents.
