- AudioCodes was the biggest decliner yesterday after giving up 21.29% Signature Bank had a negative day yesterday (down 9.09%).
- European markets are up as FTSE rises by 0.71%, reaching 7,796.46.
Yesterday's trading session saw to it that markets did not have a clear cut direction — Dow Jones gained 0.3% and closed at 33,600. S&P 500 closed at 4,109 after a flat day.
Trading in the US will continue today in around 6 hours time, meanwhile European session in progress; markets are rising as FTSE added 0.71% to trade at 7,796.46. Asia-Pacific markets closed higher today whilst ASX 200 is up by 1.26%, hitting 7,310.
Data to be released today might clear up some of the market fog as United States Producer Price Index is projected to outperform its last figure with 0.1%. It previously stood at -0.1%; data will be released Thursday. United States Crude Oil Inventories is projected to outperform its last figure with -1.3 million. It previously stood at -3.74 million; data will be released tomorrow at 14:30 UTC. United States Consumer Price Index is expected tomorrow at 12:30 UTC.
While markets were generally sideways yesterday, these assets pulled ahead as Syneos Health up 13.69% trading at $39.69.
With price action largely muted in yesterday's session, several assets struggled to find momentum as AudioCodes lost 21.29% yesterday before closing at $11.31. Signature Bank had a negative day yesterday (down 9.09%).
AudioCodes | Closed yesterday's session at $11.31
AudioCodes Ltd. has lost 25% over the last 6 days. Yesterday's session continued down the same path: after ending Thursday at $14.37, AudioCodes dropped to $11.02 early in yesterday's session and closed at $11.31. In total, it lost 21.29%. Daily trading volume (1.72 million shares) increased, making up 975% of the 21-day average (176,484). AudioCodes disclosed a quarterly dividend of 18 cents per share on Tuesday, February 7th that was paid on Tuesday, March 7th to all shareholders of record up until Tuesday, February 21st. Based on current prices, the company's decision thereby provides AudioCodes investors with an annual dividend yield of 6.37%.
Syneos Health | Closed +13.69% at $39.69
Syneos Health has posted further gains as part of a 4 day trend that has already seen the stock gain 41 cents. Yesterday's session pointed in the same direction — the management consulting company topped out at $39.9 having ended yesterday at $39.69. However, despite early momentum, the stock gave up its gains to now trade at $39.69. Daily trading volume (2.94 million shares) increased, making up 236% of the 21-day average (1.24 million).