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

Published: May 26 2023, 22:07 GMT+0

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

Bright Health Group Inc., Marvell Technology Group Ltd, Pinduoduo 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 gained 1.3% and closed at 4,205.45.

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 saw a steady up day for markets with several stocks continuing their streaks today. Take a look at the market's Top Gainers:

Pinduoduo | Closed +19% at $71.42

After closing today at $71.42, the Chinese based e-commerce platform operator peaked at $71.5 before giving up early gains and closing at $71.42.

+32.42%: today Marvell Technology Group increased by 32.42%, ended the session at $65.51

Today's session pointed in the same direction — after ending yesterday's session at $49.47, Marvell Technology Group went up to $65.75 today only to fall back and close at $65.51. The company's market cap currently stands at $56.28 billion with an average daily volume of 12.87 million shares.

Marvell 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 gained 42.47%.

After three sombre days of declines, Bright Health was up 45.85% today

Pronounced bullish sentiment in the market helped the health insurance provider to make a notable 45.85% gain today, rising $3.7 and ultimately closing at $11.77. The company has a market cap of $93.59 million with an average daily trading volume of 7.46 million shares. So far this year, it has been outperforming the Nasdaq by 1,312.81%.