Top Stock Gainers and Losers of May 2023

Editor’s Note: This article was generated by Wordsmith, an automated smart-text platform, using data from the Morningstar US Large-Mid Index and Morningstar Direct. The article has been reviewed by Morningstar editors.

Top Stock Gainers in May 2023

Palantir PLTR rallied 89.8% in May 2023, leaving the stock up 129.1% for the year. The company’s stock ended the month with a Morningstar Rating of 2 stars, trading at a 63% premium to its fair value estimate of $9.

Zscaler ZS jumped 50.4%, rising 21.1% from the start of the year. Shares are 30.2% below their last high on Sept. 12, 2022. The company’s stock ended the month with a 4-star rating, trading at a 20% discount to its fair value estimate of $170.

Marvell Technology MRVL climbed 48.2% during the month, lifting shares 58.4% for the year to date. Shares are 14.0% below their previous high, which was reached just a day earlier. The company’s stock ended the month rated at 3 stars, trading at a 4% discount to its fair value estimate of $61.

Cloudflare NET advanced 47%, lifting shares 53% year to date. Shares are 14.6% below their last high on Aug. 11, 2022. The company’s stock ended the month with a 3-star rating, trading at a 15% premium to its fair value estimate of $60.

Datadog DDOG gained 40.9%, bringing the stock up 29.1% for the year to date. Shares are 21.4% below their last high on Aug. 11, 2022. The company’s stock ended the month with a Morningstar Rating of 4 stars, trading at a 21% discount to its fair value estimate of $120.

Top Stock Losers in May 2023

Advance Auto Parts AAP fell 41.9% in May, leaving the stock down 49.8% for the year. Shares are 65.7% below their last high on Aug. 16, 2022. The company’s stock ended the month with a Morningstar Rating of 5 stars, trading at a 62% discount to its fair value estimate of $191.

First Horizon FHN fell 41.3%. It has dropped 57.5% from the start of the year. Shares are 58.6% below their last high on Nov. 30, 2022.

Paramount Global PARA declined 34.8%, leaving the stock down 8.8% for the year. Shares are 55.9% below their last high on May 31, 2022. The company’s stock ended the month with a 5-star rating, trading at a 57% discount to its fair value estimate of $35.

VF Corp VFC fell 26.8% in May, and it is down 36.8% from the start of the year. Shares are 66.5% below their last high on June 1, 2022. The company’s stock ended the month with a 5-star rating, trading at a 71% discount to its fair value estimate of $60.

Catalent CTLT slid 25.7%, dropping 17.3% from the start of the year. Shares are 67.7% below their last high on July 29, 2022. The company’s stock ended the month rated at 5 stars, trading at a 43% discount to its fair value estimate of $65.