Why Dell Technologies Shares Are Trading Higher By 9%; Here Are 20 Stocks Moving Premarket
Portfolio Pulse from Lisa Levin
Several stocks are moving in pre-market trading. Novo Integrated Sciences, Eos Energy Enterprises, Axcella Health, Processa Pharmaceuticals, 23andMe Holding, Nutanix, Local Bounti Corporation, Elastic, Canopy Growth Corporation, and Dell Technologies are among the gainers. Aditxt, SRM Entertainment, Flora Growth Corp., iCoreConnect, Biodexa Pharmaceuticals, Tingo Group, Acer Therapeutics, Satixfy Communications, Inspire Veterinary Partners, and Broadcom are among the losers.
September 01, 2023 | 12:16 pm
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POSITIVE IMPACT
Dell Technologies reported better-than-expected Q2 results and raised its outlook for the year, causing its shares to rise by 9.1% in pre-market trading.
Positive earnings reports and raised outlooks typically lead to an increase in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Broadcom posted upbeat earnings for its Q3, but issued a weak forecast for the current quarter, causing its shares to fall by 4.5% in pre-market trading.
While positive earnings reports can boost stock prices, weak forecasts can have the opposite effect.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100