Top volume movers to watch after Nasdaq’s record closes

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Top volume movers to watch after Nasdaq’s record closes

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 Top volume movers to watch after Nasdaq’s record closes
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Highlights

  • Advanced Micro Devices, Inc’s (Nasdaq: AMD) trading volume was 29,593,198 at 12.19 pm ET on August 25.
  • Apple Inc (Nasdaq: AAPL) reported revenue of US$81.4 billion in Q2, 2021.
  • NVIDIA Corp’s (Nasdaq: NVDA) net income was US$2.3 billion in Q2.

The NASDAQ Composite Index was up 0.19% from the previous close at 2:14 pm ET on Wednesday. The index has registered record closes in the past two consecutive days, indicating renewed confidence in the market. The stocks have been wavering in recent days amid fears of delta virus and inflation.

Here we look at the top four volume movers on Nasdaq Wednesday.

Advanced Micro Devices, Inc. (Nasdaq: AMD)

The stock of the semiconductor manufacturer traded at US$107.76 at 12.19 pm ET on August 25, up 0.10 percent over the August 24 closing price. Its share volume at 12.19 am ET was 29,593,198. The stock surged 17.57 percent YTD. 

The microprocessor company reported revenue of US$3.8 billion in Q2 this year and US$1.9 billion in Q2 last year. The gross profit of the US-based company was US$1.8 billion during the period and US$848 million in Q2 last year. Its net income was US$710 million against US$157 million in Q2 last year.

The market capitalization of the company is US$130 billion. The P/E ratio is 38.48, and the forward P/E ratio is 47.42. The EPS is US$2.80. The 52-week highest and lowest stock prices were US$122.49 and US$72.50.

Also read: Top semiconductor stocks to watch out amid global chip supply shortage

Apple Inc (Nasdaq: AAPL)

Apple’s stock traded at US$148.2424 at 12.30 pm ET on August 25, down 0.92 percent over the August 24 closing price. The share volume of AAPL at 12.31 am ET was 27,406,798. Its stock surged by 11.57 percent YTD. 

The world’s leading technology company reported revenue of US$81.4 billion in Q2, 2021, compared to US$59.6 billion in Q2 last year. The gross profit of the laptop and tablet maker was US$35.2 billion in the quarter against US$22.6 billion in Q2 last year. The company reported a net income of US$21 billion in Q2, 2021, compared to US$11 billion in Q2 the previous year.

The market capitalization of the company is US$2.5 trillion. The P/E ratio is 28.99, and the forward P/E ratio is 26.77. The EPS is US$5.11, and the annual dividend is US$0.86. AAPL’s 52-week highest and lowest stock prices were US$151.68 and US$103.10.



Source: Pixabay.

NVIDIA Corporation (Nasdaq: NVDA)

The NVDA stock traded at US$223.37 at 12.36 pm ET on August 25, up 2.49 percent over the August 24 closing price. The share volume of NVDA at 12.31 am ET was 20,821,695. Its stock surged 70.69 percent YTD. 

The Nasdaq-100 company had total revenue of US$6.5 billion in the second quarter of 2021 against US$3.8 billion in Q2 last year. The gross profit of the semiconductor company in Q2 was US$4.2 billion against US$2.2 billion in Q2 last year. The global technology company had a net income of US$2.3 billion compared to US$622 million in Q2 last year.

The market capitalization of the company is US$558 billion. The P/E ratio is 79.62, and the forward P/E ratio is 61.04. The EPS is US$2.80, and the annual dividend is US$0.16. Its highest and lowest stock prices in the last 52 weeks were US$219.97 and US$115.67.

ContextLogic Inc. (Nasdaq: WISH)

The stock of the software company traded at US$6.961 at 12.47 pm ET on August 25, down 2.32 percent from the previous close. The share volume of WISH at 12.47 am ET was 17,987,664. Its stock fell by 61.70 percent YTD. 

Mobile electronic commerce company had revenue of US$656 million in Q2, 2021 compared to US$701 million in Q2 last year. The gross profit was US$384 million and net losses were US$111 million in Q2 this year.

The market capitalization of the company is US$4.3 billion. The forward P/E ratio is -10.79. The highest and lowest stock prices for WISH in the last 52 weeks were US$32.85 and US$6.14.

Bottom line:

Technology companies reported strong earnings in the second quarter. The global tech giants continue to be the biggest movers and shakers in the market. Analysts expect that technology companies will continue to see strong growth in the coming quarters.

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