WISCONSIN (CoinChapter.com) — The Dow Jones Industrial Average increased by 0.2%, while the overall market index increased by 0.1%. The NASDAQ Composite underperformed, falling by 0.2%.
Here are the five best stock market gainers:
dLocal Ltd. (NASDAQ: DLO)
Uruguayan fintech firm dLocal Ltd. (NASDAQ: DLO) announced the appointment of former MercadoLibre finance head, Pedro Arnt, as its co-CEO, joining existing co-CEO Sebastián Kanovich. Known for his extensive experience, Arnt has also worked with the Boston Consulting Group and is a board member of Allegro.eu, a European payments firm.
Following the announcement, dLocal shares saw a substantial 49.68% rise in trading Wednesday. The company also reported an impressive second-quarter revenue and profit that exceeded market predictions, with a record total payment volume of $4.4 billion, marking an 80% increase from the previous year.
WeTrade Group Inc. (NASDAQ: WETG)
WeTrade Group Inc. (NASDAQ: WETG), an emerging growth company known for providing SAAS and cloud intelligent systems, has officially announced its strategic cooperation with MobiLab Medical Innovatives.
This partnership, which commenced with an exclusive service agreement on August 15, 2022, is set to launch a globally unique Monkeypox Virus testing kit. This one-of-a-kind product will be combined with insurance coverage from world-leading companies.
Rackspace Technology Inc. (NASDAQ: RXT)
Rackspace Technology Inc. (NASDAQ: RXT), an end-to-end, multicloud solutions provider, announced its involvement in VMware Explore, the premier multicloud event, taking place from August 21-24 in Las Vegas.
As longstanding partners, Rackspace Technology and VMware have collaborated for over 15 years to fuel innovation and deliver a broad array of services including advisory, elastic engineering, and managed services. Although the multicloud event is not a specific reason a stock price would rise, shareholders found the news positive for the future.
Aurora Acquisition Corp. (NASDAQ: AURC)
Five days ago, Aurora Acquisition Corp. (NASDAQ: AURC) announced a business combination with Better HoldCo, Inc. The announcement was overwhelmingly approved by shareholders. It is worth noting that the company’s sponsor, directors and executive officers or their affiliates hold a substantial 97.7% of the issued and outstanding Aurora ordinary shares, demonstrating an impressive internal confidence in the strategic move. The stock continues to climb from its YTD 2023 low of $10.05.
Vital Farms Inc. (NASDAQ: VITL)
Vital Farms Inc. (NASDAQ: VITL), a Certified B Corporation, has reported its Q2 2023 financial results. The company, known for its nationwide range of ethically produced foods, registered a significant increase in its net revenue for the second quarter, which ended on June 25, 2023.
A growth rate of 28.4% was recorded, taking the net revenue to $106.4 million compared to $82.9 million during the same period in 2022. The net income stood at $6.7 million with an adjusted EBITDA of $11.3 million.
