Why CorMedix Shares Are Trading Higher By Over 19%; Here Are 20 Stocks Moving Premarket
Portfolio Pulse from Lisa Levin
CorMedix Inc. (CRMD) shares increased by over 19% in pre-market trading due to a narrower-than-expected Q3 loss, reporting a loss of 17 cents per share against the expected 21 cents. Other stocks also showed significant movement in pre-market trading, with notable gainers including Heart Test Laboratories, Inc. (HSCS), AgileThought, Inc. (AGIL), and MGO Global, Inc. (MGOL), among others. On the losing side, Marpai, Inc. (MRAI), reAlpha Tech Corp. (AIRE), and Tivic Health Systems, Inc. (TIVC) saw declines following their respective earnings reports and other company-specific news.
November 15, 2023 | 1:07 pm
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CorMedix Inc. shares surged due to reporting a smaller Q3 loss than expected, with a loss of 17 cents per share compared to the anticipated 21 cents.
The positive reaction in pre-market trading is likely due to the company outperforming market expectations for its quarterly financial results, which can be seen as a sign of operational efficiency and potential for future growth.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100