Why Logitech International Shares Are Trading Higher By Over 11%; Here Are 20 Stocks Moving Premarket
Portfolio Pulse from Lisa Levin
Several stocks are experiencing significant pre-market trading movements. AERWINS Technologies Inc. (AWIN), Ascent Solar Technologies, Inc. (ASTI), WiSA Technologies, Inc. (WISA), Lytus Technologies Holdings PTV. Ltd. (LYT), LM Funding America, Inc. (LMFA), Soluna Holdings, Inc. (SLNH), Organovo Holdings, Inc. (ONVO), Argo Blockchain plc (ARBK), CleanSpark, Inc. (CLSK), and Logitech International S.A. (LOGI) are among the gainers. LumiraDx Limited (LMDX), Markforged Holding Corporation (MKFG), XORTX Therapeutics Inc. (XRTX), TC Biopharm (Holdings) Plc (TCBP), IonQ, Inc. (IONQ), The Alkaline Water Company Inc. (WTER), SeaStar Medical Holding Corporation (ICU), Alaunos Therapeutics, Inc. (TCRT), Harpoon Therapeutics, Inc. (HARP), and INVO Bioscience, Inc. (INVO) are among the losers.
October 24, 2023 | 11:31 am
News sentiment analysis
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POSITIVE IMPACT
Logitech International S.A. shares rose 11.1% in pre-market trading as the company posted upbeat second-quarter results and raised its FY24 revenue guidance outlook.
Logitech's positive Q2 results and raised revenue guidance for FY24 are likely to boost investor confidence, potentially driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Markforged Holding Corporation shares fell 18.5% in pre-market trading. The company sees preliminary third-quarter revenue of $20 million and projects 2023 revenue of $90 million to $95 million, which is below the low end of the prior range.
Markforged's lower projected revenue for Q3 and 2023 is likely to negatively impact investor confidence, potentially driving the stock price down in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100