See which stocks are the top gainers amid yesterday's bullish sentiment

Published: May 27 2023, 08:07 GMT+0

See which stocks are the top gainers amid yesterday's bullish sentiment

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

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

Yesterday'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%.

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

Marvell | -32.42% yesterday including 2.79% gain in aftermarket trade

Marvell Technology Group Ltd gains 2.79% and trades at $67.34 in after-hours trading, building on a session in which it reached a new high of $65.75 (for the first time in 1 year) and closed at $65.51. The integrated circuits developer reached a significant high of $65.51 around a day ago but has lost 24.48% since then. So far this year, it has performed better than the Nasdaq by 127.58%. Marvell has a market cap of $56.28 billion with an average daily volume of 12.94 million shares.

Marvell Technology Group released its quarterly earnings report Thursday, 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 +17.9% at $34.78

RingCentral rallied 17.9% and ended the session at $34.78.

+15.95%: gains 15.95% within $28.65 to $33.49 daily range

On-trend closed the session yesterday with more of the same: the enterprise AI software provider rallied 15.95% and maintained $32.94. The company's market cap currently stands at $3.70 billion with an average daily trading volume of 17.56 million shares. is scheduled to announce earnings results Wednesday. The consensus Earnings Per Share estimate is -0.17 and the consensus revenue estimate is $71.32 million.