U.S. stocks closed lower on Tuesday, with the Nasdaq Composite dropping around 100 points. Here is the list of some big stocks recording gains in the previous session.
If history is any guide, there may be good fortune ahead for shares of Gartner (NYSE:IT). A so-called "golden cross" has formed on its chart and, not surprisingly, this could be bullish for the stock.
Gartner's (NYSE:IT) short percent of float has fallen 5.7% since its last report. The company recently reported that it has 1.32 million shares sold short, which is 1.82% of all regular shares that are available for trading.
Gartner (NYSE:IT) has outperformed the market over the past 15 years by 11.89% on an annualized basis producing an average annual return of 19.04%. Currently, Gartner has a market capitalization of $23.96 billion.
Gartner (NYSE:IT) reported its Q2 earnings results on Tuesday, August 2, 2022 at 06:00 AM.
Here's what investors need to know about the announcement.
Earnings
Gartner beat estimated earnings by 33.8%, reporting an EPS of $2.85 versus an estimate of $2.13.