Why StoneCo Shares Are Trading Higher By Over 6%; Here Are 20 Stocks Moving Premarket
Portfolio Pulse from Lisa Levin
StoneCo Ltd. (NASDAQ:STNE) shares increased by over 6% in pre-market trading following the company's third-quarter earnings report, which surpassed market expectations. StoneCo reported adjusted earnings of 27 cents per share against the estimated 22 cents, with sales of $643.35 million exceeding the forecast of $610.17 million. Other stocks also showed pre-market movements, with notable gainers including SenesTech, Inc. (NASDAQ:SNES), Collective Audience, Inc. (NASDAQ:CAUD), and Tivic Health Systems, Inc. (NASDAQ:TIVC), among others. Conversely, several stocks were trading lower, such as Monopar Therapeutics (NASDAQ:MNPR), eFFECTOR Therapeutics, Inc. (NASDAQ:EFTR), and Motus GI Holdings, Inc. (NASDAQ:MOTS).
November 13, 2023 | 1:24 pm
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NEGATIVE IMPACT
Monopar Therapeutics (NASDAQ:MNPR) shares dipped 23.7% in pre-market trading despite posting a narrower-than-expected quarterly loss last week.
The pre-market decline could suggest that the narrower loss was already priced in or overshadowed by other concerns among investors.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 70
POSITIVE IMPACT
SenesTech, Inc. shares increased by 81.3% in pre-market trading, recovering from a 31% drop after reporting worse-than-expected Q3 revenue.
A significant pre-market increase may indicate a rebound from the previous session's losses, potentially due to investors seeing an opportunity to buy at a lower price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 70
POSITIVE IMPACT
StoneCo Ltd. reported higher than expected Q3 earnings and sales, leading to a 6.3% rise in pre-market trading.
Positive earnings reports typically lead to an increase in investor confidence and can result in a short-term rise in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100