12 Industrials Stocks Moving In Friday's Pre-Market Session
Portfolio Pulse from Benzinga Insights
In Friday's pre-market session, there were notable movements in the stocks of several industrial companies. Eneti and Virco Mfg saw significant gains, with Eneti rising by 11.0% and Virco Mfg by 10.55% after releasing Q3 earnings. AERWINS Technologies, Ault Alliance, Multi Ways Holdings, and LanzaTech Global also experienced gains. Conversely, Shengfeng Development, Electriq Power Holdings, Gates Industrial Corp, Sky Harbour Group, FiscalNote Holdings, and Satellogic recorded losses, with Shengfeng Development leading the decline at 12.7%.
December 08, 2023 | 1:07 pm
News sentiment analysis
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NEGATIVE IMPACT
Gates Industrial Corp's stock decreased by 8.09% to $11.26, with a market cap of $2.9 billion.
A pre-market drop of this magnitude can often lead to further short-term selling pressure on the stock.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Shengfeng Development's stock decreased by 12.7% to $13.12, with a market cap of $1.0 billion.
The notable pre-market decline suggests negative investor sentiment, potentially leading to a short-term downtrend in stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Eneti's stock rose by 11.0% to $10.9 in the pre-market session with a market cap of $421.2 million.
The significant pre-market gain suggests positive investor sentiment which could lead to a short-term price increase.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Virco Mfg's stock increased by 10.55% to $7.75 following the release of their Q3 earnings, with a market cap of $126.6 million.
The positive reaction to the Q3 earnings release typically indicates a bullish short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 90