Top 5 Trending Stocks Today

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In this article, we discuss the top 5 trending stocks today. If you want to check out some more companies making headlines on Tuesday, go directly to Top 10 Trending Stocks Today.

5. Ginkgo Bioworks Holdings, Inc. (NYSE:DNA)

Number of Hedge Fund Holders: 30

Shares of Ginkgo Bioworks Holdings, Inc. (NYSE:DNA) jumped over 10 percent this morning after posting solid sales for the second quarter and lifting its outlook for the full year. The biotech company reported a loss of 41 cents per share, wider than analysts’ average estimate for a loss of 14 cents per share.

On the bright side, Ginkgo Bioworks Holdings, Inc. (NYSE:DNA) posted revenue of $144.6 million, representing a massive surge of 231 percent over the comparable period of 2021. The numbers were also way better than the consensus of $77.6 million.

Looking forward, Ginkgo Bioworks Holdings, Inc. (NYSE:DNA) projected revenue of $425 – $440 million for the full year, compared to its previous guidance of $375 – $390 million. The revised outlook is above the expectations of $384.5 million.

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