Why Rover Group Shares Are Trading Higher By Over 20%; Here Are 20 Stocks Moving Premarket
Portfolio Pulse from Lisa Levin
Several stocks are experiencing significant pre-market trading movements. Crown ElectroKinetics Corp. (CRKN), Rubicon Technologies, Inc. (RBT), Rover Group, Inc. (ROVR), e.l.f. Beauty, Inc. (ELF), Cardlytics, Inc. (CDLX), Freshworks Inc. (FRSH), Creative Medical Technology Holdings, Inc. (CELZ), Better Therapeutics, Inc. (BTTX), Aurora Acquisition Corp. (AURC), and Match Group, Inc. (MTCH) are among the gainers, with increases ranging from 10.2% to 52.1%. On the other hand, Adamis Pharmaceuticals Corporation (ADMP), Aptevo Therapeutics Inc. (APVO), Cambium Networks Corporation (CMBM), Femasys Inc. (FEMY), Mobile Global Esports Inc. (MGAM), trivago N.V. (TRVG), Forward Industries, Inc. (FORD), SolarEdge Technologies, Inc. (SEDG), TMC the metals company Inc. (TMC), and Sprouts Farmers Market, Inc. (SFM) are among the losers, with decreases ranging from 11% to 42.6%.
August 04, 2023 | 11:07 am
News sentiment analysis
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NEGATIVE IMPACT
Adamis Pharmaceuticals Corporation fell 42.6% in pre-market trading possibly on profit taking after the stock rallied roughly 180% on Tuesday.
The fall in ADMP's stock price is likely due to profit taking after a significant rally on Tuesday.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
Aptevo Therapeutics Inc. shares fell 35.7% in pre-market trading after the company priced $5 million public offering of 8,064,517 shares at $0.62 per share.
The fall in APVO's stock price is likely due to the company's pricing of a $5 million public offering at $0.62 per share, which is likely below the current market price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
Cambium Networks Corporation fell 29% in pre-market trading after the company reported worse-than-expected second-quarter results.
The fall in CMBM's stock price is likely due to the company's worse-than-expected Q2 results.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
Femasys Inc. fell 21.7% in pre-market trading after gaining 4% on Tuesday.
The fall in FEMY's stock price is likely due to a market correction after a gain on Tuesday.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
Forward Industries, Inc. shares fell 13.6% in pre-market trading.
The fall in FORD's stock price is likely due to negative market sentiment.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
Mobile Global Esports Inc. fell 20.2% in pre-market trading after jumping 64% on Tuesday.
The fall in MGAM's stock price is likely due to a market correction after a significant jump on Tuesday.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
SolarEdge Technologies, Inc. fell 13.1% in pre-market after the company posted second-quarter results and issued weak third-quarter guidance.
The fall in SEDG's stock price is likely due to the company's Q2 results and weak Q3 guidance.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
Sprouts Farmers Market, Inc. shares fell 11% in pre-market trading after the company posted second-quarter results and announced retirement of CFO Lawrence Molloy.
The fall in SFM's stock price is likely due to the company's Q2 results and the announcement of the retirement of CFO Lawrence Molloy.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
TMC the metals company Inc. fell 12.2% in pre-market trading after the company issued corporate update on expected timeline, application costs and production capacity following part II Of the 28th session of the International Seabed Authority.
The fall in TMC's stock price is likely due to the company's corporate update, which may have included information that was not well-received by the market.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
trivago N.V. fell 14.2% in pre-market trading after the company posted weaker-than-expected second-quarter results.
The fall in TRVG's stock price is likely due to the company's weaker-than-expected Q2 results.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Aurora Acquisition Corp. shares rose 10.4% in pre-market trading after declining around 33% on Tuesday.
The rise in AURC's stock price is likely due to a market correction after a significant decline on Tuesday.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Better Therapeutics, Inc. rose 10.8% in pre-market trading. The company recently announced $6.7 million in new financing at an average price of $0.77 per share.
The rise in BTTX's stock price is likely due to the company's recent announcement of $6.7 million in new financing.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Cardlytics, Inc. shares rose 18.6% in pre-market trading after posting upbeat quarterly results.
The rise in CDLX's stock price is likely due to the company's upbeat quarterly results.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Creative Medical Technology Holdings, Inc. shares climbed 16.1% in pre-market trading. The company regained compliance with Nasdaq listing requirements.
The climb in CELZ's stock price is likely due to the company regaining compliance with Nasdaq listing requirements.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Crown ElectroKinetics Corp. shares surged 52.1% in pre-market trading.
The surge in CRKN's stock price is likely due to positive market sentiment.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
e.l.f. Beauty, Inc. shares gained 18.6% in pre-market trading after the company reported better-than-expected first-quarter results.
The gain in ELF's stock price is likely due to the company's better-than-expected Q1 results.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Freshworks Inc. shares gained 16.3% in pre-market trading after the company reported better-than-expected second-quarter results.
The gain in FRSH's stock price is likely due to the company's better-than-expected Q2 results.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Match Group, Inc. gained 10.2% in pre-market trading after the company reported better-than-expected second-quarter results and above-consensus third-quarter revenue outlook.
The gain in MTCH's stock price is likely due to the company's better-than-expected Q2 results and above-consensus Q3 revenue outlook.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Rubicon Technologies, Inc. rose 29.5% in pre-market trading after gaining 40% on Tuesday. The company is expected to release its second quarter 2023 financial results on Aug. 8, 2023.
The rise in RBT's stock price is likely due to positive market sentiment ahead of its Q2 2023 financial results.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Rover Group, Inc. gained 20.6% in pre-market trading after the company reported better-than-expected second-quarter results.
The gain in ROVR's stock price is likely due to the company's better-than-expected Q2 results.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100