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May 20, 2023
Markets closed lower, with Sunrun Inc., Affirm Holdings, Inc., Coinbase Global, Inc. making yesterday's list of top losers.
A review of what happened yesterday: leading equity indices in the US declined as Dow Jones shed 0.33% and closed at 33,427. Nasdaq closed at 12,658, a 0.24% change.
Meanwhile, United States CFTC Crude Oil speculative net positions released yesterday at 20:30 UTC with a figure of 191,500, while the previous figure was 216,600.
In line with markets falling yesterday, some technology stocks made the list of top losers. Take a look.
-5.77%: Coinbase sheds 5.77% within $56.59 to $61.47 daily range
Yesterday's session continued the recent downtrend: after ending Thursday at $60.26, Coinbase Global, Inc. declined to $56.59 yesterday before closing at $56.78, thereby losing 5.77% in total. The company's market cap currently stands at $13.32 billion with an average daily volume of 13.41 million shares. So far this year, it has performed better than the Nasdaq by 44.61%.
-6.33%: bearish Affirm declines 93 cents (6.33%)
The fintech company plunged into the red after losing 6.33%, declining to $13.76. The company is currently trading with a market cap of $3.83 billion with an average daily trading volume of 15.81 million shares. The Nasdaq has been doing worse in 2022, it has been passing it by 28.56%.
Sunrun | Closed down 6.64% at $14.63 yesterday
After ending yesterday at $14.63, the US residential solar power company dropped $1.04 to $14.55, reaching its lowest point in 3 years. Sunrun hit a significant low of $14.63 around a day ago, but has since recovered 7.11%. So far this year, it has been under-performing the Nasdaq by 53.76%. Sunrun has a market cap of $3.15 billion with an average daily volume of 10.88 million shares. Sunrun's last revenue report was $589.85 million with an EPS of $-1.12.
