Why EMCORE Shares Are Trading Higher By 17%; Here Are 20 Stocks Moving Premarket
Portfolio Pulse from Lisa Levin
Several stocks experienced significant movement in pre-market trading. EMCORE Corporation (NASDAQ:EMKR) shares rose 17.2% after the company posted better-than-expected quarterly sales. Marqeta, Inc. (NASDAQ:MQ) gained 16.7% following strong quarterly sales. On the other hand, Doximity, Inc. (NYSE:DOCS) shares fell 24.4% after the company issued a weak sales forecast. Upstart Holdings, Inc. (NASDAQ:UPST) fell 17.4% despite reporting better-than-expected results for its second quarter, due to a weak revenue forecast for the third quarter.
August 09, 2023 | 12:15 pm
News sentiment analysis
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POSITIVE IMPACT
EMCORE Corporation shares rose 17.2% in pre-market trading after the company posted better-than-expected quarterly sales.
EMCORE Corporation's better-than-expected quarterly sales have led to a positive sentiment among investors, causing the stock price to rise in pre-market trading.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Marqeta, Inc. shares gained 16.7% in pre-market trading following strong quarterly sales.
Marqeta, Inc.'s strong quarterly sales have led to a positive sentiment among investors, causing the stock price to rise in pre-market trading.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Doximity, Inc. shares fell 24.4% in pre-market trading after the company issued a weak sales forecast.
Doximity, Inc.'s weak sales forecast has led to a negative sentiment among investors, causing the stock price to fall in pre-market trading.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Upstart Holdings, Inc. shares fell 17.4% in pre-market trading despite reporting better-than-expected results for its second quarter, due to a weak revenue forecast for the third quarter.
Despite reporting better-than-expected results for its second quarter, Upstart Holdings, Inc.'s weak revenue forecast for the third quarter has led to a negative sentiment among investors, causing the stock price to fall in pre-market trading.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100