Nasdaq Inc crashes 6.86% ahead of quarterly report today

Published: January 25 2023, 19:50 GMT+0

Nasdaq Inc crashes 6.86% ahead of quarterly report today

Nasdaq Inc falls $4.25 as trading session draws to a close around the $57.67 level.

  • The trading volume is at 6.31 million, 324% above the 21-day average of 1.95 million.
  • Nasdaq Inc discloses 20 cents per share dividend to be paid on Friday, December 16th

Today's session has around a hour left to run with, S&P 500 sheds 0.24%, trading at 4,007.34. Nasdaq Inc is flat, while the Financial Services sector seems to be doing slightly worse (-0.059%).

Nasdaq Inc is scheduled to announce earnings results today. The consensus Earnings Per Share estimate is 0.65 and the consensus revenue estimate is $909.51 million.

Approximately 5 months ago, the US-based stock exchange reached a significant high of $193.78 but has struggled to hold onto its gains and declined 68.05% since then. So far this year, it has been under-performing the S&P by 4.54%. Nasdaq Inc's market cap currently stands at $28.33 billion with an average daily trading volume of 1.95 million shares.

Also, the firm paid out a quarterly dividend of 20 cents per share on Friday, December 16th to all active shareholders as of Friday, December 2nd. Eligible investors secured a quarterly dividend yield of 1.39% for this year.

Nasdaq Inc's stock value drop coincides with after closing the previous session (yesterday) at $71.44, HDFC Bank Limited lost $3.53 and is trading around $67.91.

Positive performances can be seen by looking at other financials stocks as Wells Fargo & Company is up 1.7%. HSBC Holdings is up 1.07%.