Why Gap Shares Are Trading Higher By 12%; Here Are 20 Stocks Moving Premarket
Portfolio Pulse from Lisa Levin
Gap shares rose 11.8% in pre-market trading after reporting a profitable quarter on an adjusted basis, defying analysts' expectations of a significant loss. Other pre-market gainers include Oncorus, eFFECTOR Therapeutics, Shuttle Pharmaceuticals, and Arcus Biosciences, while losers include SunCar Technology Group, Beamr Imaging, Tilray Brands, Wearable Devices, and Peraso.
May 26, 2023 | 12:51 pm
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Gap shares rose 11.8% in pre-market trading after the company reported a profitable quarter on an adjusted basis, despite analysts forecasting a significant loss.
Gap's better-than-expected earnings report indicates that the company is performing well, which is likely to boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100