These Two Companies Surpass Nvidia, Apple And Microsoft With Astounding 1000% Returns In 2023
Portfolio Pulse from Benzinga Neuro
Soleno Therapeutics Inc (SLNO) and Carvana Co (CVNA) have outperformed major tech stocks like Nvidia, Apple, and Microsoft in 2023, with returns of over 1000%. Soleno's stock soared by over 1900% due to positive results for its Prader-Willi syndrome treatment, while Carvana's shares jumped by 1030% after a significant turnaround. Despite these gains, the overall stock market has been characterized as the 'weirdest bull market in decades' with the S&P 500 and Dow Jones at near record highs.
December 28, 2023 | 8:12 am
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POSITIVE IMPACT
Carvana Co's stock experienced a 1030% increase after the company managed a turnaround, avoiding a cash crisis, with its stock price rising from $4.63 to $54.39.
Carvana's stock price increase is a result of its successful business turnaround, which has restored investor confidence and driven up its market valuation.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 100
POSITIVE IMPACT
Soleno Therapeutics' stock surged over 1900% following positive results for its Prader-Willi syndrome treatment, starting the year at $2.19 and closing at $39.47 on Dec. 27.
The dramatic increase in SLNO's stock price is directly attributed to the positive clinical results of its treatment, which is a significant driver for investor optimism and stock performance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100