Top Stock Gainers and Losers for July 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.

Best-Performing Stocks of July 2023

Coinbase Global COIN advanced 37.8% in July, rising 178.6% from the start of the year. Shares are 15.2% below their last high on Aug. 4, 2022. The cryptocurrency exchange’s stock ended the month with a Morningstar Rating of 3 stars, trading at a 23% premium to its fair value estimate of $80.

KeyCorp KEY climbed 33.2%, but the stock was still down 27.1% for the year. Shares are 39.4% below their last high on Feb. 2. The company’s stock ended the month with a Morningstar Rating of 5 stars, trading at a 44% discount to its fair value estimate of $22.

Palantir Technologies PLTR jumped 29.4%, lifting shares 209% year to date. The software firm’s stock ended the month with a Morningstar Rating of 1 star, trading at a 120% premium to its fair value estimate of $9.

Citizens Financial Group CFG rallied 23.7%, but it was still down 16% for the year. Shares are 28% below their last high on Feb. 3. The banking company’s stock ended the month with a Morningstar Rating of 4 stars, trading at a 17% discount to its fair value estimate of $39.

Paylocity Holding PCTY advanced 22.9%, lifting shares 16.8% year to date. Shares are 18.1% below their last high on Aug. 5, 2022. The firm’s stock ended the month with a Morningstar Rating of 3 stars, trading at an 8% premium to its fair value estimate of $210.

Southern Copper SCCO surged 21.9%, leaving the stock up 48.6% for the year.

Worst-Performing Stocks of July 2023

Apellis Pharmaceuticals APLS slid 71.7% in July and declined 50.2% year to date. Shares are 72.8% below their last high on June 14.

Masimo MASI fell 25.7% and declined 17.3% year to date. Shares are 38.2% below their last high on April 21.

Churchill Downs CHDN slid 16.8%, shares were still up 9.6% for the year. Shares are 23% below their last high on May 3.

Equifax EFX slid 13.3%, but it was still up 5.4% year to date. Shares are 15.1% below their last high on July 19. The credit reporting agency’s stock ended the month with a Morningstar Rating of 4 stars, trading at a 30% discount to its fair value estimate of $290.

Edwards Lifesciences EW fell 13% but was still up 10% year to date. Shares are 23.4% below their last high on Aug. 8, 2022. The medical technology company’s stock ended the month with a Morningstar Rating of 3 stars, trading at a 5% discount to its fair value estimate of $86.

Universal Health Services UHS fell 11.9%, but shares are flat from the start of the year, having fallen only 1.1%. Shares are 12.4% below their last high on June 30.

Compiled by Caryl Anne Francia