Coherent is leading the way, gaining 15.11%
Markets are mixed with Dow Jones slipping 0.67% and closing at 33,983. Nasdaq goes up 0.19%, trading at 13,600.
Today's muted price action is occurring amid mixed market indicators – United States Interest Rate came out at 5.25, while a consensus of analysts was expecting 5.25.
“Top Movers” are assets that recorded the highest percentage change compared to their nearest peers. The currently most active stocks are listed below.
Coherent | +15.11%; session high: $52.36 session low: $46.16
Coherent made its largest single-day jump of $43 (15.11%) since Mar 6, and is now trading at $49.29. Having set a significant high of $268.22 11 months ago, the lasers and photonics technology developer is trading 84.04% lower. Coherent's market cap is currently $6.62 billion with an average daily volume of 2.64 million shares. Coherent is forecasted to generate revenues of $1.34 billion and EPS of 82 cents.
IPG Photonics | +13.73%; session high: $136.72 session low: $121.46
The US fibre laser manufacturer reached $136.72, breaking a 1 year record. Later, it lost $3.58 and is now trading at $133.13. Having soared to a high of $133.51 approximately 3 months ago, the US fibre laser manufacturer is now trading 12.32% lower. So far this year, it has been beating the S&P by 10.45%. IPG Photonics has a market cap of $6.30 billion with an average daily volume of 188,963 shares. IPG Photonics expected revenue of $330.6 million with an EPS of $1.14.
Mullen | Currently down 28.55% at 22.97 cents
The US automotive and EV manufacturer drops by 28.55% (9.18 cents), its largest single-day drop since May 3. A month ago the automotive industry company reached a significant high of $2.02 but has consequently lost 84.12% since then. Mullen's market cap currently stands at $50.16 million with an average daily trading volume of 50.93 million shares. Mullen has a forecast of $37.3 million with an EPS of $4.
Logitech International is around $57.1 after losing 10.65%
Similar trend today: as the current session draws to a close, the Swiss-American tech manufacturer remains in the $55.67 – $57.67 range after closing yesterday at $63.9 and dropping by 10.65%. The company has a market cap of $9 billion with an average daily trading volume of 416,105 shares. So far this year, it has been under-performing the Nasdaq by 20.91%.