Meet the top gaining stocks lifted by today's bullish sentiment

Published: May 26 2023, 20:07 GMT+0

Meet the top gaining stocks lifted by today's bullish sentiment

Marvell Technology Group Ltd, RingCentral, Inc.,, Inc. made today's list of top gainers.

Leading equity indices in the US rose as Nasdaq closed the day at 12,976, having gained 2.19%. S&P 500 ended the session at 4,205.45 after a 1.3% gain.

Today's rise took place amid mixed market indicators — United States Core Durable Goods Orders fell short of the 0% projections, with new data of -0.2%.

Today was an exciting day for markets with several technology stocks capitalising on the risk-on mood. Have a look at these Top Gainers:

Marvell | Up 32.42% to $65.51 today

After having closed yesterday at $49.47, the integrated circuits design company rallied above $65.75 today, for the first time in 1 year — gaining $16.04 — and closed at $65.51. Having set a significant low of $34.68 4 months ago, the integrated circuits developer is trading 42.65% higher. So far this year, it has been beating the Nasdaq by 20.93%. The company has a market cap of $56.28 billion with an average daily volume of 12.87 million shares.

Marvell Technology Group released its quarterly earnings report yesterday, beating analysts estimates. The company reported earnings of 0.37 per share on revenue of $1.32 billion, topping estimates of 0.29 per share on revenue of $1.30 billion. Since the release of its earnings report, Marvell Technology Group gained 42.47%.

RingCentral | Closed +17.93% at $34.79

After finishing yesterday at $29.5, the US software company went up by 17.93% today and remained at the $34.79 level. | Up 15.95% to $32.94 today

The enterprise AI software provider is up 176.9% from the significant low of $10.26 it hit 4 months ago.'s market cap is currently $3.70 billion with an average daily trading volume of 17.64 million shares. is scheduled to announce earnings results Wednesday. The consensus EPS estimate is -0.17 and the consensus revenue estimate is $71.32 million.