Why Intel Shares Are Trading Higher By Around 8%; Here Are 20 Stocks Moving Premarket
Portfolio Pulse from Lisa Levin
Intel Corporation and Amazon.com, Inc. shares are trading higher in pre-market due to better-than-expected Q3 results and strong guidance for the current quarter. Other companies such as NKGen Biotech, SeaStar Medical Holding, and Apollomics also saw a rise in their shares. However, companies like TransCode Therapeutics, Enphase Energy, and Sanofi saw a dip in their shares due to various reasons such as public offering of common stock, lower Q3 revenue, and weak guidance for Q4.
October 27, 2023 | 12:14 pm
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POSITIVE IMPACT
Amazon.com, Inc. shares jumped 6.1% in pre-market trading after the company reported stronger-than-expected results for its third quarter.
Amazon's stronger-than-expected Q3 results have positively impacted its share price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Intel Corporation shares rose by 7.7% in pre-market trading due to better-than-expected Q3 results and strong guidance for the current quarter.
Intel's better-than-expected Q3 results and strong guidance for the current quarter have positively impacted its share price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
Enphase Energy, Inc. shares fell 21.5% in pre-market trading after the company reported lower third-quarter revenue and issued weak guidance for the fourth quarter.
Enphase Energy's lower Q3 revenue and weak Q4 guidance have negatively impacted its share price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100