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Stock Market Winners and Losers: A Look at Today's Performance

The stock market was mixed on May 8, 2023, with the Dow Jones Industrial Average down 0.1%, the S&P 500 down 0.2%, and the Nasdaq Composite down 0.3%.


Here are the top five gainers and losers on the day:


Gainers

  • Six Flags Entertainment Corporation (SIX): SIX gained 21.26% after announcing that it would be opening a new theme park in Mexico.

  • Zscaler, Inc. (ZS): ZS gained 20.47% after reporting strong earnings for the first quarter of 2023.

  • ImmunityBio, Inc. (IBRX): IBRX gained 18.59% after announcing that it had entered into a partnership with Merck & Co. to develop a new vaccine for COVID-19.

  • NextEra Energy Partners, LP (NEP): NEP gained 13.04% after reporting strong earnings for the first quarter of 2023.

  • Swire Pacific Limited (SWRBF): SWRBF gained 12.48% after reporting strong earnings for the first quarter of 2023.

Losers

  • Catalent, Inc. (CTLT): CTLT lost 26.07% after reporting weak earnings for the first quarter of 2023.

  • Tyson Foods, Inc. (TSN): TSN lost 15.65% after announcing that it would be raising prices due to rising inflation.

  • MicroStrategy Incorporated (MSTR): MSTR lost 7.52% after Bitcoin, which it holds as a treasury asset, fell sharply.

  • TG Therapeutics, Inc. (TGTX): TGTX lost 5.60% after reporting disappointing results from a clinical trial for its lead drug.

  • KE Holdings Inc. (BEKE): BEKE lost 5.49% after reporting weak earnings for the first quarter of 2023.

Key Takeaways

  • The stock market was mixed on May 8, 2023, with the Dow Jones Industrial Average down 0.1%, the S&P 500 down 0.2%, and the Nasdaq Composite down 0.3%.

  • The top five gainers on the day were Six Flags Entertainment Corporation (SIX), Zscaler, Inc. (ZS), ImmunityBio, Inc. (IBRX), NextEra Energy Partners, LP (NEP), and Swire Pacific Limited (SWRBF).

  • The top five losers on the day were Catalent, Inc. (CTLT), Tyson Foods, Inc. (TSN), MicroStrategy Incorporated (MSTR), TG Therapeutics, Inc. (TGTX), and KE Holdings Inc. (BEKE).

Disclaimer

This is not financial advice. Always do your own research before making any investment decisions.


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