Stock Market Sees Mixed Results with Top Gainers and Losers
The stock market is constantly fluctuating, and today is no exception. As of market close, the S&P 500 is trading at 6,259.75 with a loss of -20.71 points or -0.33%. This dip in the market can be attributed to the top large cap loser, Centene Corp., which saw a decrease of -39.29%.
On the other hand, there are some companies that are seeing significant gains today. Moderna, Inc. is the top large cap gainer with an increase of 24.47%. New Fortress Energy, Inc. is the top mid cap gainer with a whopping 47.90% increase. And the top small cap gainer is Wolfspeed, Inc. with an impressive 226.69% increase.
In terms of the S&P 500 top gainers, Gamida Cell Ltd., Meta Materials, Inc., and Neptune Wellness Solutions, Inc. are all showing infinite percentage gains. On the other hand, R1 RCM, Inc., Tempo Automation Holdings, Inc., and Vaxxinity, Inc. are the top losers with -100.00% and -99.78% decreases respectively.
Looking at the advance decline ratio across the S&P 500, there are 3443 advances and 1388 declines, resulting in a ratio of 2.48x. This indicates that there are more companies seeing gains than losses today. However, out of the 1 sector advancing, there are 0 sectors advancing compared to 1 sector declining. The top losing sector is the S&P 500 with a -0.33% decrease.
Overall, the market is seeing a mix of gains and losses today. While some companies are experiencing significant increases, others are facing significant decreases. It will be interesting to see how the market continues to perform in the coming days.