Why Applied UV Shares Are Trading Higher By Around 96%; Here Are 20 Stocks Moving Premarket
Portfolio Pulse from Lisa Levin
Applied UV, Inc. (AUVI) shares soared by approximately 96% in pre-market trading following the release of their third-quarter results, which showed a reduced loss per share and a significant increase in sales compared to the previous year. The company also reaffirmed its revenue guidance for 2023. Other stocks experienced movement in pre-market trading, with notable gainers including Bruush Oral Care Inc. (BRSH), Blue Star Foods Corp. (BSFC), and Yoshiharu Global Co. (YOSH), among others. Conversely, several companies saw their shares decline, such as Safe and Green Development Corporation (SGD), WANG & LEE GROUP, Inc. (WLGS), and Mural Oncology plc (MURA).
November 20, 2023 | 1:19 pm
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POSITIVE IMPACT
Applied UV reported a smaller loss and a significant increase in sales, leading to a 96% rise in pre-market trading. The company also reaffirmed its 2023 revenue guidance.
The substantial improvement in quarterly results and the confirmation of the revenue forecast for 2023 are likely to instill investor confidence and could lead to a short-term positive impact on the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Bruush Oral Care Inc. shares increased by 172.2% in pre-market trading after receiving a Nasdaq notification regarding minimum bid requirements.
The Nasdaq notification is a positive regulatory development that can alleviate concerns about the company's listing status, potentially leading to a short-term increase in stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
Blue Star Foods Corp. shares surged 82.2% in pre-market trading after signing a 2-year bid award purchase agreement with Sysco Corporation.
The new agreement with a major company like Sysco Corporation is a significant business development that could positively influence the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Yoshiharu Global Co. shares rose 34.2% in pre-market trading following a report of increased quarterly sales.
The reported increase in sales is a positive indicator of the company's performance, which may lead to a short-term positive impact on the stock price.
CONFIDENCE 75
IMPORTANCE 65
RELEVANCE 70