Markets on 7th August: The stock market started the first day of the week on a positive note, with all major indices closing in the green zone. Investor sentiment was buoyed by a strong showing from several market movers, as the S&P 500, DJIA, NYSE, and NASDAQ all recorded gains.
The S&P 500 rose 37.53 points, or 0.84%, to close at 4,515.56. The Dow Jones Industrial Average (DJIA) performed even better, surging 390.09 points, or 1.11%, to end at 35,455.71. Likewise, the NYSE showed strength, gaining 128.72 points, or 0.80%, to finish at 16,199.78. The NASDAQ closed at 13,982.95, up 73.71 points, or 0.53%.
Markets on 7th August – The Market Movers:
Nektar Therapeutics (NKTR) grabbed investor attention as its stock price soared by an impressive 93.39%, closing at $1.03. The company’s robust performance was bolstered by a substantial trading volume of 165.1 million shares.
On the other hand, Mullen Automotive Inc (MULN) experienced a slight dip in its stock price, losing 6.28% to close at $0.11. The company’s volume reached 151.3 million shares, indicating active trading activity.
Nikola Corp (NKLA) faced a similar situation, with its stock price declining by 6.80% to end at $2.33. The company’s volume reached 149.5 million shares.
T2 Biosystems Inc (TTOO) closed with minimal change, recording a marginal decrease of 0.84% and finishing at $0.25. The company’s trading volume was 146.9 million shares.
Tesla Inc (TSLA) faced a slight decline of 1.17%, with its stock price closing at $250.89. The company witnessed a trading volume of 104.0 million shares.
Ebet Inc (EBET) experienced a more substantial drop, losing 17.50% to close at $0.03. The company’s trading volume stood at 98.7 million shares.
Top Gainers:
Vistagen Therapeutics Inc (VTGN) emerged as one of the top gainers, with its stock price skyrocketing by 687.08% to close at $13.22. The company’s impressive volume reached 51.3 million shares.
Save Foods Inc (SVFD) also showed remarkable growth, recording a gain of 157.54% and closing at $1.63. The company’s trading volume was 65.3 million shares.
Datasea Inc (DTSS) experienced a significant boost, gaining 44.55% to close at $0.99. The company’s trading volume reached 9.9 million shares.
Top Losers:
SAGE Therapeutics Inc (SAGE) faced a challenging trading day, recording a substantial decrease of 53.49% and closing at $16.79. The company’s trading volume was 18.1 million shares.
Genesis Unicorn Capital Corp (ESGL) also encountered a downturn, with its stock price declining by 38.66% to close at $7.87. The company’s trading volume stood at 501.9K shares.
Tivic Health Systems Inc (TIVC) experienced a notable drop of 38.08%, closing at $0.04. The company’s trading volume reached 49.0 million shares.
Aceragen Inc (ACGN) faced a decline of 34.30%, with its stock price closing at $0.49. The company’s trading volume was 268.8K shares.
Quantum-Si Inc (QSI) closed with a loss of 32.12%, finishing at $2.30. The company’s trading volume reached 10.1 million shares.
Yellow Corp (YELL) also witnessed a significant decrease, losing 30.39% to close at $2.49. The company’s trading volume stood at 30.5 million shares.
The market’s overall performance on 7th August demonstrated a positive start to the week, with notable gains from select market movers. Investors are closely watching the evolving market dynamics and the potential impact of upcoming events on market sentiment. As always, it’s essential to conduct thorough research and exercise prudence when making investment decisions.
Disclaimer: The data mentioned above is sourced from Reuters. The stock market is subject to fluctuations, and investors are advised to exercise caution and consult with financial experts before making any investment decisions.
