Why Nanobiotix Shares Are Trading Higher By 6%; Here Are 20 Stocks Moving Premarket
Portfolio Pulse from Lisa Levin
Several stocks experienced significant movement in pre-market trading. Notable gainers include Lytus Technologies Holdings (LYT), PainReform (PRFX), and Nanobiotix (NBTX), which saw a rise after announcing the first patient was injected in a new Phase 1/2 study. On the other hand, Netcapital (NCPL), Discover Financial Services (DFS), and Tesla (TSLA) were among the losers, with Tesla's operating margin narrowing despite better-than-expected earnings and sales results.
July 20, 2023 | 12:04 pm
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NEGATIVE IMPACT
Discover Financial Services shares fell 12.2% in pre-market trading after the company reported downbeat quarterly earnings and announced a share buyback pause.
Discover Financial Services' stock price fell after the company reported lower-than-expected quarterly earnings and announced a pause in its share buyback program, both of which are negative developments for the company.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Netcapital shares fell 40.8% in pre-market trading after the company priced its public offering of 1.725 million shares at $0.70 per share.
Netcapital's stock price fell after the company priced its public offering at $0.70 per share, which is likely lower than the current market price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Tesla shares fell 3% in pre-market trading after the company reported better-than-expected earnings and sales results for its second quarter, but said operating margin narrowed to 9.6% from 14.6% in the year-ago period.
Despite reporting better-than-expected earnings and sales results for its second quarter, Tesla's stock price fell due to the company's narrowing operating margin, which is a negative development for the company.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Lytus Technologies Holdings shares surged 39.3% in pre-market trading.
The surge in Lytus Technologies Holdings' stock price is likely due to positive market sentiment. However, the specific reason for the surge is not mentioned in the article.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Nanobiotix shares climbed 6.2% in pre-market trading after the company announced the first patient was injected in a new Phase 1/2 study.
The increase in Nanobiotix's stock price is likely due to the company's announcement of progress in a new Phase 1/2 study, which is a positive development for the company.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
PainReform shares gained 31.8% in pre-market trading after recently regaining compliance with Nasdaq continued listing requirements.
PainReform's stock price increased after the company regained compliance with Nasdaq's continued listing requirements, which is a positive development for the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100