Why UP Fintech Shares Are Trading Higher By Around 7%; Here Are 20 Stocks Moving Premarket
Portfolio Pulse from Lisa Levin
UP Fintech Holding Limited (NASDAQ:TIGR) shares increased by approximately 7% in pre-market trading following the announcement of positive third-quarter results, with adjusted EPADS rising from 4 cents to 10 cents year-over-year, and sales increasing from $55.41 million to $70.10 million. Other stocks experienced pre-market movements, with several gainers including Mobiquity Technologies, Inc. (NASDAQ:MOBQ), Apollomics, Inc. (NASDAQ:APLM), and Crown ElectroKinetics Corp. (NASDAQ:CRKN), among others. Conversely, several stocks were pre-market losers, such as Impel Pharmaceuticals Inc. (NASDAQ:IMPL) and Pagaya Technologies Ltd. (NASDAQ:PGY), which announced the stepping down of its CFO.
November 27, 2023 | 1:10 pm
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NEGATIVE IMPACT
Impel Pharmaceuticals Inc. shares dipped 22.7% in pre-market trading after an 8% gain on Friday and the announcement of exploring strategic alternatives.
Announcements of exploring strategic alternatives can create uncertainty among investors, often leading to a short-term negative impact on the stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 85
NEGATIVE IMPACT
Pagaya Technologies Ltd. shares fell 5.8% in pre-market trading after CFO Michael Kurlander stepped down to pursue an outside opportunity.
C-suite changes, especially the departure of a CFO, can lead to investor concern about the company's financial leadership, potentially causing a short-term drop in stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
Apollomics, Inc. shares rose 26.8% in pre-market trading after a 14% surge on Friday due to its partner receiving conditional approval for a cancer treatment in China.
Regulatory approvals for treatments can have a significant positive impact on biotech companies' stock prices, as they pave the way for commercialization and revenue generation.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Crown ElectroKinetics Corp. shares increased by 26.6% in pre-market trading following a 4% gain on Friday.
Stocks experiencing gains in the previous session can often see continued investor interest in pre-market trading, potentially leading to further short-term price increases.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Mobiquity Technologies, Inc. shares increased by 27.3% in pre-market trading after a 7% gain on Friday.
Continued momentum from the previous trading day's gains can often carry over into pre-market trading, potentially leading to a short-term positive impact on the stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
UP Fintech's strong Q3 results with higher adjusted EPADS and sales have led to a 7% increase in pre-market trading.
Positive earnings results 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