Today’s top U.S. stocks: Cadence Design Systems Inc. (CDNS ↑8.8%), DraftKings Inc. (DKNG ↑8.0%)
See the 10 biggest gainers on the New York Stock Exchange and Nasdaq on Feb. 23, 2022
The best performing stocks in NYSE and Nasdaq trading today were Cadence Design Systems Inc. (CDNS, up 8.8%) and Draftkings Inc. (DKNG, up 8.0%).
The markets overall continue to trend down amid uncertainty over Ukraine, with the Nasdaq off 2.6% and the S&P 500 losing 1.8%. The S&P 500 is officially in a correction now, 12% down from the recent peak, while the Nasdaq is nearing a bear market at 18% down from its peak.
Largest gains in U.S. markets Wednesday, Feb. 23, 2022
Cadence Design Systems Inc. (CDNS) was the dominant gainer today.
Shares in the company rose 8.8% to $147.11.
Learn more about investing in Cadence Design Systems Inc. in Finder’s full guide.
The second-best mover was DraftKings Inc. (DKNG). The NASDAQ company rose 8.0% to reach $20.07.
Find out more about investing in DraftKings Inc. in Finder’s full guide.
“Cadence had a solid earnings report and DraftKings benefitted from analyst commentary. But both are also bouncing off lows and remain more than 20% down this year,” said Finder Finance News Editor Ron Prichard.
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These were the 10 biggest gainers today:
| Stock | Price | % change |
|---|---|---|
| Cadence Design Systems Inc. (CDNS) | $147.11 | 8.8% |
| DraftKings Inc. (DKNG) | $20.07 | 8.0% |
| Mercadolibre Inc. (MELI) | $943.84 | 6.3% |
| Stellantis N.V. (STLA) | $19.52 | 6.0% |
| Barclays Plc (BCS) | $11.01 | 5.2% |
| Public Storage (PSA) | $358.99 | 4.9% |
| Lowe’S Companies Inc. (LOW) | $224.77 | 4.7% |
| Caesars Entertainment Inc. (CZR) | $79.97 | 4.4% |
| Molson Coors Beverage Company (TAP) | $50.64 | 4.2% |
| Kkr & Co. Inc. (KKR) | $60.29 | 3.9% |
Market movers Wednesday, Feb. 23, 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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