Autoliv, Knight-Swift Transportation, Bowlero, Other Big Stocks Moving Higher On Friday
Portfolio Pulse from Lisa Levin
Several US stocks recorded gains despite the Nasdaq Composite falling more than 100 points on Friday. MMTec, Inc. (MTC) shares surged 37.6% ahead of its 2023 annual meeting of shareholders. Knight-Swift Transportation Holdings Inc. (KNX) shares climbed 11.1% after reporting better-than-expected Q3 results. Bowlero Corp. (BOWL) shares gained 9.4% after completing a $432.9 million sale-leaseback with VICI Properties. Other stocks that saw gains include Mister Car Wash, Inc. (MCW), CleanSpark, Inc. (CLSK), Hut 8 Mining Corp. (HUT), Euronet Worldwide, Inc. (EEFT), Metropolitan Bank Holding Corp. (MCB), Autoliv, Inc. (ALV), and Marathon Digital Holdings, Inc. (MARA).
October 20, 2023 | 3:10 pm
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POSITIVE IMPACT
Autoliv, Inc. shares rose 5.6% following Q3 results.
The rise in Autoliv's shares is likely due to its Q3 results.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Bowlero Corp. shares gained 9.4% after completing a $432.9 million sale-leaseback with VICI Properties.
The gain in Bowlero's shares is likely due to its completion of a $432.9 million sale-leaseback with VICI Properties.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
CleanSpark, Inc. shares rose 7.1% following a spike in Bitcoin.
The rise in CleanSpark's shares is likely due to the recent spike in Bitcoin.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Euronet Worldwide, Inc. shares jumped 6.7% after the company reported better-than-expected Q3 results and issued Q4 adjusted EPS guidance above estimates.
The jump in Euronet Worldwide's shares is likely due to its better-than-expected Q3 results and positive Q4 EPS guidance.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Hut 8 Mining Corp. shares gained 7% amid a rise in Bitcoin.
The gain in Hut 8 Mining's shares is likely due to the recent rise in Bitcoin.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Knight-Swift Transportation Holdings Inc. shares climbed 11.1% after reporting better-than-expected Q3 results.
The rise in Knight-Swift's shares is likely due to its better-than-expected Q3 results.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Marathon Digital Holdings, Inc. shares gained 4.7% following a spike in Bitcoin.
The gain in Marathon Digital's shares is likely due to the recent spike in Bitcoin.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Metropolitan Bank Holding Corp. shares gained 6.1% after the company reported Q3 financial results.
The gain in Metropolitan Bank's shares is likely due to its Q3 financial results.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Mister Car Wash, Inc. shares jumped 8.7% despite Goldman Sachs maintaining a Sell rating and lowering the price target.
The jump in Mister Car Wash's shares is surprising given Goldman Sachs' Sell rating and lower price target.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
MMTec, Inc. shares surged 37.6% ahead of its 2023 annual meeting of shareholders.
The surge in MMTec's shares is likely due to anticipation of its 2023 annual meeting of shareholders.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100