Recent Top 5 Stock Gainers!

Technology and finance stocks have been the flavor of the month for a while now. Many technology and finance stocks are making new 52 week highs daily. The markets are off highs but few large and mid-cap companies have remained unfazed and gave investors handsome returns in the last few months. Let’s have a look at the top 5 gainers from Thursday’s session.

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WuXi Biologics (Cayman) Inc.

WUXI BIOLOGICS (CAYMAN) INC. is a decorated investment holding company. The parent company along with its many subsidiaries is engaged in the manufacturing & sales, research & development, and discovery of biologics products.

The share price of WuXi Biologics (Cayman) Inc. gained as much as 34% on Thursday’s session and closed at $100. The share also broke its previous 52 week-high of $78 and ended the day at $100. The market cap of WuXi Biologics (Cayman) Inc. has now reached $61.703B.

Sonos, Inc.

Sonos is one of the best manufacturers and developers of wireless home audio products, including smart speakers in the United States. Sonos was originally a software company, and after entering the audio business, it is now compared with global leaders such as Bose. 

The share price of Sonos, Inc. gained nearly 30% and closed at the levels of 22.19. The share made an intraday high of 22.32 but some profit booking was seen at the higher levels and by the end of the day shed some of its gains and closed at 22.19.

Corcept Therapeutics Incorporated

Corcept Therapeutics Incorporated is a famous pharmaceutical company that is involved in the development, commercialization, and discovery of drugs for the treatment of oncologic, psychiatric, and metabolic disorders.

The stock is a component of NASDAQ and has a subsidiary called Corcept Therapeutics UK Limited. The share price gained over 25% on Thursday’s trade and closed near its 52 weeks high of 23.44. The share has been in a positive trend for a while now and is expected to surpass $25 in the short term.

Bilibili Inc.

Bilibili Inc. is a renowned Chinese company and is a market leader in Internet providers and other related businesses. The company has four segments and mainly operates in the domestic market. The company has nearly 35 million registered users.

The company posted its Q2 results and also released a rap video along with its quarterly results. Post a result the share price saw a sudden spike and the share was once nearly 25% up. Some profit booking was seen during closing and the share finally closed at 58.46 USD with over 22% gains.

Federal National Mortgage Association

Fannie Mae or The Federal National Mortgage Association is a US government-sponsored enterprise. The company was incorporated during the Great Depression in the year 1938. The United States government formed the company. This allows the lenders to reinvest the assets lying with them. The company is currently ranked at 21 on the Fortune 500 ranking list. The stock was in action on Thursday and closed at a shade above 20% at 11.25USD.

After a sluggish Thursday, things are looking glooming for Friday as well as the Dow Futures are trading nearly 50pts down. It has recovered well from the lows though as at one point it was over 200 points in red. The Asian indices and European indices closed in green and by the time US markets open, hopefully, Dow too will be in green.

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