SLNO - These Two Companies Surpass Nvidia Apple And Microsoft with Astounding 1000% Returns In 2023 | Benzinga
The leading stock performers in 2023 were biotech firm Soleno Therapeutics Inc (NASDAQ:SLNO) and online used-car retailer Carvana Co (NYSE:CVNA), both of which achieved remarkable gains throughout the year.
What Happened: The two companies outperformed the ‘Magnificent Seven’ group of stocks, which includes tech giants such as Nvidia, Apple, and Microsoft, MarketWatch reported.
Soleno’s shares skyrocketed over 1,900% following the announcement of positive results for its diazoxide choline extended-release tablets, a treatment for the rare Prader-Willi syndrome. On the other hand, Carvana saw its stock surge by 1,030% after an impressive turnaround helped it avoid a potential cash crisis.
Soleno’s shares, starting at $2.19 at the beginning of 2023, surged to $39.47 by the close of Dec. 27. At the same time, Carvana’s stock climbed from ...