Trupanion, IonQ, 3M And Other Big Stocks Moving Higher In Friday's Pre-Market Session
Portfolio Pulse from Lisa Levin
Trupanion, IonQ, 3M, and other big stocks are moving higher in Friday's pre-market session. Trupanion's shares surged after rate increases were approved in California and New York. IonQ raised its booking expectations for the year, and 3M reached a lawsuit settlement deal with public water suppliers.
June 23, 2023 | 10:39 am
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POSITIVE IMPACT
IonQ's shares surged 8.9% in pre-market trading after the company lifted its booking expectations for the year by 25% to a new range of $45 million to $55 million.
IonQ's stock price is likely to go up in the short term as the increased booking expectations indicate strong demand for the company's products and services, which will lead to higher revenues.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
3M's shares rose 3.5% in pre-market trading after the company reached a lawsuit settlement deal of $10.3 billion with several U.S.-based public water suppliers related to PFAS remediation.
3M's stock price is likely to go up in the short term as the lawsuit settlement removes uncertainty and potential financial risks associated with the ongoing litigation, providing clarity for investors.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Trupanion's shares surged 16.4% in pre-market trading after California and New York approved the company's requested rate increases.
Trupanion's stock price is likely to go up in the short term as the approved rate increases in California and New York will boost the company's revenue and profitability.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100