Today’s top U.S. stocks: Ke Holdings ADR (BEKE ↑64.3%), Pinduoduo ADR (PDD ↑56.1%)
See the 10 biggest gainers on the New York Stock Exchange and Nasdaq on March 16, 2022
The best performing companies today were Ke Holdings Inc ADRs (BEKE, up 64.3%) and Pinduoduo Inc.ADRs (PDD, up 56.1%).
The market as a whole rallied as the Fed raised interest rates a quarter point and said there would be six more hikes this year, which was much anticipated and priced in. The Dow gained more than 500 points, 1.5%, while the S&P 500 added 2.2% and the Nasdaq Composite jumped 3.7%.
Standout performers in U.S. markets Wednesday, March 16, 2022
Ke Holdings Inc ADRs (BEKE) was the standout gainer today.
Shares in the company rose 64.3% to $14.89.
“This and shares of a lot of other China-based companies made big gains today when China promised to support struggling markets and raised hope regulatory issues will be resolved,” said Finder Finance News Editor Ron Prichard.
Learn more about investing in Ke Holdings Inc ADRs in Finder’s full guide.
Also performing strongly was Pinduoduo Inc. ADRs (PDD), another Chinese company trading on the NASDAQ. It rose 56.1% to reach $42.62.
Find out more about investing in Pinduoduo Inc. ADRs in Finder’s full guide.
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The top 10 biggest gainers today were:
| Stock | Price | % change |
|---|---|---|
| Ke Holdings Inc ADRs (BEKE) | $14.89 | 64.3% |
| Pinduoduo Inc. ADRs (PDD) | $42.62 | 56.1% |
| Bilibili Inc. ADRs (BILI) | $27.83 | 47.6% |
| Jd.Com Inc. ADRs (JD) | $64.08 | 39.4% |
| Baidu Inc. (BIDU) | $150.87 | 39.2% |
| Lufax Holding Ltd ADRs (LU) | $6.35 | 36.9% |
| Alibaba Group Holding Limited ADRs (BABA) | $104.98 | 36.8% |
| Li Auto Inc. ADRs (LI) | $26.05 | 31.9% |
| Xpeng Inc. ADRs (XPEV) | $27.53 | 29.6% |
| Trip.Com Group Limited ADRs (TCOM) | $23.34 | 28.4% |
Market movers Wednesday, March 16, 2022
Each weekday we round up the biggest gainers on the NYSE and Nasdaq, ranked by price percentage from market open to market close. To avoid higher price volatility we only include stocks with market caps of more than $10 billion. Price changes are calculated from the open to the close on the trading day, but these prices may be subject to minor variation depending on data availability.
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