Written by Dreamer
On May 28, 2024, the U.S. stock market showed mixed results.
- S&P 500: Closed at 5,306.04, up 1.32 points or 0.02%.
- Dow 30: Closed at 38,852.86, down 216.73 points or -0.55%.
- Nasdaq: Closed at 17,019.88, up 99.09 points or 0.59%.
- Russell 2000: Closed at 2,066.85, down 2.82 points or -0.14%.
The stock market experienced a day of mixed fortunes. While the Nasdaq saw a notable increase, marking another record close primarily driven by tech gains, the Dow fell significantly. The S&P 500 barely moved, indicating a cautious approach among some investors, and the Russell 2000 also registered a slight decline, reflecting mixed sentiments in the smaller cap sector. This varied performance suggests a market still defining its direction amidst fluctuating economic indicators and ongoing adjustments in investor expectations.
Contents:
- Stock Performance Overview
- Market Cap Category Distribution
- Sector-Wise
- Top 10 Traded Industrials Stocks
- Top 10 Traded Technology Stocks
- Top 10 Traded Energy Stocks
Insights:
Stock Performance Overview:
Stock performance overview is as below:
- Gainers: 2,702 stocks experienced an increase in their stock prices.
- Losers: 4,017 stocks saw a decrease in their stock prices.
- Unchanged: 407 stocks remained unchanged in their stock prices.
This indicates a market day where more stocks declined than advanced, suggesting a cautious or bearish sentiment among investors on this particular day.
Market Cap Category Distribution:
The market cap breakdown of companies is as below:
- Micro Cap: These smallest companies form nearly half the market, representing 49%.
- Small Cap: Almost a quarter of the companies are small caps, accounting for 23%.
- Mid Cap: Medium-sized companies make up a significant portion, with 16%.
- Large Cap: Larger companies constitute just over a tenth of the market, at 11%.
- Mega Cap: The largest companies, or Mega Caps, are rare, making up only 1%.
This distribution highlights the dominance of smaller companies in the market in terms of numbers, though larger companies may still hold significant financial clout.
Sector-Wise:
Summary of the average trading volume per sector is as below:
- Industrials: Leads with the highest trading volume.
- Technology and Energy: These sectors show substantial trading activity, closely following Industrials.
- Finance: Registers the lowest trading volume, indicating minimal trading activity.
Top 10 Traded Industrials Stocks:
- Leader: *PEGY leads with the highest trade volume, significantly higher than the rest.
- Following Closely: GWAV has substantial volumes but significantly less than PEGY.
- Bottom of the List: LILM has the lowest trading volume among the top 10.
Pineapple Energy Inc. (PEGY) focuses on photovoltaic solar energy system sales, design, and installation, mainly in the United States. They offer energy management software and hardware for systems integrated with batteries, serving a broad clientele including residential and commercial owners. The company, with a foundation dating back to 1969, is headquartered in Minnetonka, Minnesota.
Top 10 Traded Technology Stocks:
- Leader: *CRKN stands out with the highest trading volume in the sector.
- Following Closely: OBLG follows with a strong trading volume but still less than CRKN.
- Bottom of the List: PLTR has the lowest trading volume among the stocks.
Crown ElectroKinetics Corp. (CRKN) specializes in smart glass technology, known for its DynamicTint™ system that transforms glass from clear to dark swiftly. Developed from technology originated at Hewlett-Packard, it is used in buildings, vehicles, and homes. The company, established in 2015 in Corvallis, Oregon, focuses on energy efficiency and partners with major manufacturers to produce and distribute its products. CRKN also explores innovations in fiber optics for 5G infrastructure.
Top 10 Traded Energy Stocks:
- Leader: *FCEL dominates with the highest trading volume in the sector.
- Following Closely: PLUG shows strong trading volumes, but less than FCEL.
- Bottom of the List: CEI is at the lower end in terms of trading volume among the stocks.
FuelCell Energy, Inc. (FCEL) specializes in manufacturing, operating, and servicing fuel cell power plants. These plants generate clean, efficient, and affordable energy and are recognized for their low-carbon footprint. The company’s technologies cater to utility companies, municipalities, and various industries.
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