• Investing
  • Stock
Round Table Thoughts
  • Economy
  • Editor’s Pick
Home Economy Top Stock Gainers And Losers: IRTC +21%, GPC -21%
Economy

Top Stock Gainers And Losers: IRTC +21%, GPC -21%

by October 24, 2024
by October 24, 2024 0 comment
Share
0
FacebookTwitterPinterestWhatsapp

Top Gainers

Symbol
Company Name
Price
Change
Change %

IRTC
iRhythm Techonologies, Inc.
75.59
+13.49
+21.72%

HRI
Herc Holdings Inc. 
198.60
+29.53
+17.47%

MLI
Mueller Industries, Inc. 
82.22
+10.14
+14.07%

JOBY
Joby Aviation, Inc. 
6.18
+0.69
+12.57%

PM
Philip Morris International Inc. 
131.41
+12.45
+10.47%

Top Losers

Symbol
Company Name
Price
Change
Change %

GPC
Genuine Parts Company 
113.11
-30.01
-20.97%

PII
Polaris Inc. 
72.22
-7.97
-9.94

TGLS
Tecnoglass Inc. 
68.71
-6.96
-9.20%

GE
GE Aerospace
176.66
-17.57
-9.05%

LOGI
Logitech International S.A.
83.99
-7.82
8.52%

 

Today’s trading showed market movers sideways zone with less moment in stock and a slow ending by the end of the day. Here is the breakdown of how the market performed:

Nasdaq Futures: -1.60 (-0.07%)
Dow Futures: -124.00 (-0.29%)
S&P Futures: -3.25 (-0.06%)

#1 Gainer: IRTC Stock

iRhythm Technologies Inc (NASDAQ: IRTC) stock turned out to be the top gainer of the 22 Oct 2024 trading session with over 21.72% rally in one single day. The reason behind the rally in stock is FDA 510 (K) approval for the first two submissions made this year. The clearance for a design change and enhancements were done in their Zio AT device.

This approval helped the company rebuild its investors’ trust after a series of unexpected rejections from the FDA. The company is now keeping high hopes for its second 510K approval, which is expected to come in the near future.

Zio At is a device for long-term ECG monitoring for patients aged 18 or older. This device is still not considered for critical cases. This device contains a Zio AT patch, which records data for up to 14 days.

IRTC/USD 15-Minute Chart

Though IRTC gave a strong up move, looking at the stock on a weekly time frame the stock has been in the selling zone since April 22. Further talking about the opportunities, the Stock is trading near a crucial support of $56.30, which can trigger huge selling if broken.

The stock has currently been creating a zone near the support area for the last 11 weeks, which indicates buyers’ interest. Also, there is W pattern support in RSI which is again a clear indication for buyers.

Buying entry will trigger once the market breaks the $77.39 level and closes above it on a weekly time frame. With the first target of $108.25, the second at $123.34 and $139.63.

If the stock breaks $56.30 support, then the first target will be 41.26, followed by trailing stop-loss as huge selling could trigger. This entire 21.72% move could be a news-based rally.

#1 Loser: GPC Stock

Though Genuine Parts Co (NYSE: GPC) stock was in the selling zone for quite a long time, the company was unable to reach its expected target as Q3 results came out on Tuesday session, hence triggering the sharp selling.

The company has been delivering stagnant returns from the last 4 Quarters, eventually losing market move hopes from the company.

GPC/USD 15-Minute Chart

Digging deep into the Technical aspects, the stock made its last all-time high in April 2022; since then, it has been in a selling trend. Looking at the current situation on a weekly timeframe, Stock broke 3 major support levels, proving buyers’ low interest in the stock.

A rectangle channel was forming in the chart from the last 20 weeks indicating a strong hold by buyers. But the last session broke the channel downwards. 
There was support on $126.92 from which stock took support twice. 
Major Zone, which was $115.87, broke on the same day. 

More selling will trigger if the weekly candle closes below $115.87, and the seller can enter with the target of $93.95, followed by $83.10 as the second target. RSI can be seen taking support from the 30 levels; hence, closing the weekly candle is important before making any entry decision.

The post Top Stock Gainers And Losers: IRTC +21%, GPC -21% appeared first on FinanceBrokerage.

You Might Also Like
  • Trump v Biden: Guilty verdict won’t seal the deal for either man. Here’s what will deliver a win
  • Biden is not considering firing Secretary Austin after secret hospital stay: ‘Full trust and confidence’
  • Rep. John James slams DeSantis over Florida curriculum: ‘You’ve gone too far. Stop.’
  • Trump voluntarily dismisses lawsuit against New York Attorney General Letitia James
Share
0
FacebookTwitterPinterestWhatsapp

previous post
McDonald’s Stock Drops 5% After An E. Coli Outbreak
next post
SCTR Report: Unlocking TSLA’s Potential—What Every Investor Needs to Know Now

You may also like

Federal judge blocks Florida ban on minors attending drag shows

June 25, 2023

Biden climate czar John Kerry likens D-Day invasion to battling...

June 8, 2023

DHS removed just 409 of 345,000 unaccompanied child migrants since...

March 9, 2023

ApeCoin and Akita Inu: ApeCoin slipped below the EMA 200

October 17, 2024

UN chief slams Israeli offensive, says Gaza deaths show something...

November 9, 2023

Blinken says Venezuela’s Nicolas Maduro lost election before claiming victory...

August 2, 2024

Biden ends bid for second term in White House as...

July 21, 2024

Trump campaign outlines key reasons why Vance was last man...

July 16, 2024

Hawley says Garland should invoke 25th Amendment if DOJ declines...

February 10, 2024

Balance of power: Five races that could decide control of...

September 1, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Tesla agrees to first deal to build China’s largest grid-scale battery power plant

      June 21, 2025
    • Oil prices rise more than 1% as Israel vows to intensify attacks on Iran

      June 20, 2025
    • RRG Alert Tech Vaults to ‘Leading’—Is XLK Signaling a New Rally?

      June 20, 2025
    • Apple looking to make ‘premium’-priced folding iPhones starting next year, analyst says

      June 20, 2025
    • Nike pushes back Skims launch with Kim Kardashian due to production delays

      June 19, 2025

    Popular Posts

    • 1

      Biden appointee played key role in recruiting Chinese...

      June 25, 2024 3,599 views
    • 2

      Trump-era China sanctions ended by Biden may be...

      June 27, 2024 2,875 views
    • 3

      Walz’s honeymoon with China gets fresh scrutiny as...

      August 9, 2024 2,578 views
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful...

      July 10, 2024 2,541 views
    • 5

      Harris VP pick spent years promoting research facility...

      August 29, 2024 2,417 views

    Categories

    • Economy (7,009)
    • Editor's Pick (2,143)
    • Investing (538)
    • Stock (2,621)

    Popular Posts

    • 1

      Biden appointee played key role in recruiting Chinese businesses to Delaware: ‘Longtime friends’

      June 25, 2024
    • 2

      Trump-era China sanctions ended by Biden may be revived under new House GOP bill

      June 27, 2024
    • 3

      Walz’s honeymoon with China gets fresh scrutiny as Harris camp blasts ‘lying’ critics

      August 9, 2024
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful of Chinese spy threats

      July 10, 2024
    • 5

      Harris VP pick spent years promoting research facility that collaborated with ‘Chinese military company’

      August 29, 2024

    Latest News

    • Tesla agrees to first deal to build China’s largest grid-scale...

      June 21, 2025
    • Oil prices rise more than 1% as Israel vows to...

      June 20, 2025
    • RRG Alert Tech Vaults to ‘Leading’—Is XLK Signaling a New...

      June 20, 2025

    Categories

    • Economy (7,009)
    • Editor's Pick (2,143)
    • Investing (538)
    • Stock (2,621)

    Disclaimer: RoundTableThoughts.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 RoundTableThoughts.com. All Rights Reserved.

    Round Table Thoughts
    • Investing
    • Stock
    Round Table Thoughts
    • Economy
    • Editor’s Pick

    Read alsox

    Minority groups sound alarm on AI,...

    June 21, 2023

    New Hampshire House passes bill to...

    March 24, 2023

    Some conservatives have surprising ‘Barbie’ take...

    August 7, 2023
    Sign In

    Keep me signed in until I sign out

    Forgot your password?

    Password Recovery

    A new password will be emailed to you.

    Have received a new password? Login here