Top 5 Stock Market Gainers: BIG, MARA, TIGR, TSHA, LFVN

WISCONSIN (CoinChapter.com) — The S&P 500 gained 0.9%, extending the week’s initial gains.

The Dow Jones Industrial Average increased 0.4%, while the NASDAQ increased 1.4%. According to The Conference Board, a business research organization, consumer confidence declined in August. This surprised analysts who predicted it would remain stable at or near the high number from July.

Here are the five best stock market gainers:

Big Lots Inc. (NYSE: BIG)

Big Lots Inc. (NYSE: BIG) has posted a narrower-than-expected loss in its second quarter, leading to a 29.62% rise in trades of the company’s stock. The Ohio-based retailer reported a net loss of $249.84 million, a significant increase from the net loss of $84.15 million in the comparative period last year.

However, the adjusted loss per share of $3.24 outperformed the FactSet consensus estimate of $4.11, indicating improved operational efficiency despite the challenging business environment. Big Lots’ revenue for the quarter was down to $1.14 billion from $1.35 billion, albeit slightly ahead of analyst estimates.

Marathon Digital Holdings Inc. (NASDAQ: MARA)

Marathon Digital Holdings Inc. (NASDAQ: MARA), a leader in the Bitcoin ecosystem, had no news announcements today but most recently unveiled its financial and operational results for Q2 ending on June 30, 2023.

Despite the reported net loss of $21.3 million or $0.13 per share, the figures signify a significant improvement from the $212.6 million or $1.94 per share loss reported during the same period in the previous year.

The company’s revenues reached $81.8 million for the quarter, a substantial increase from Q2 2022’s $24.9 million. This growth is attributed to a 314% surge in Bitcoin production, which more than compensated for the 14% decrease in average Bitcoin price.

UP Fintech Holding Ltd. (NASDAQ: TIGR)

UP Fintech Holding Ltd. (NASDAQ: TIGR), along with all its subsidiaries and consolidated entities, has announced its unaudited financial results for Q2, ending June 30, 2023. As a leading online brokerage firm, UP Fintech reports two-year high 2023 Q2 results of $66.1 million in revenue, a 23.5% YoY increase.

This profit increase can be attributed to the firm’s strategic global expansion and commitment to fintech innovation. Furthermore, the non-GAAP profit attributable to UP Fintech saw a considerable rise of 48.4% quarter-over-quarter, reaching $15.3 million.

Taysha Gene Therapies Inc. (NASDAQ: TSHA)

Taysha Gene Therapies (NASDAQ: TSHA) witnessed a surge in its stock value during the early trading hours on Tuesday following the announcement of regaining compliance with specific NASDAQ stock market requirements.

NASDAQ’s notifications on Monday highlighted that the gene therapy company has managed to meet the listing rules 5450(b)(2)(A) and 5450((a))(1), pertaining to minimum market value and minimum bid price, respectively.

This development has effectively closed both matters, as stated by Taysha in a regulatory filing prior to market opening on Tuesday. This news bolstered investor confidence, leading to an increase of 20.59% in its share price.

LifeVantage Corp. (NASDAQ: LFVN)

LifeVantage Corp. (NASDAQ: LFVN), a prominent name in the health and wellness industry, has declared a quarterly cash dividend of $0.035 per share of common stock.

The company’s board of directors announced this decision today, stating that the payment will be made on September 22, 2023, to all stockholders recorded at the close of business on September 8, 2023.

LifeVantage Corp. is recognized as a trailblazer in nutrigenomics – a scientific domain exploring the impact of nutrition and naturally occurring compounds on human genes.