Find out which stocks performed best in yesterday's range-bound market

Published: September 29 2022, 03:00 GMT+0

Find out which stocks performed best in yesterday's range-bound market

Markets were flat yesterday, yet Biogen Inc, Denali Therapeutics Inc., Direxion Daily S&P Biotech Bull 3X Shares showed impressive gains and made this list of top gainers.

Current market events are being influenced by ambiguous macro data as data from United States concerning Crude Oil Inventories was released yesterday at 14:30 UTC. Newly published figures emphasized continued decline from last month's figure of 1.14 million to -215,000 this month.

Biogen | +39.85% at $276.61

3 days and $2.04 of gains were not enough. Yesterday continued on the same track for Biogen — after closing yesterday at $276.61, the biopharmaceutical company peaked at $283.44 before giving up early gains and closing at $276.61. Daily trading volume (16.21 million shares) increased, making up 954% of the 21-day average (1.70 million).

Denali Therapeutics | +17.7% at $32.12

Denali Therapeutics continues a 3 day uptrend, gaining a total of 23.68%. It was more of the same for Denali Therapeutics yesterday — after ending Tuesday's session at $27.29, Denali Therapeutics went up to $33.83 yesterday only to fall back and close at $32.12.

Biotech Bull and Bear 3X ETF | +15.34% at $7.52

Biotech Bull and Bear 3X ETF displays further gains following a recent trend of 3 days and 49 cents. Yesterday's session pointed in the same direction — Biotech Bull and Bear 3X ETF closed yesterday at $7.52 (with a daily low of $6.94) after ending Tuesday at $6.52 and gaining 15.34%.

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