12 Industrials Stocks Moving In Wednesday's Pre-Market Session
Portfolio Pulse from Benzinga Insights
In Wednesday's pre-market session, several industrial stocks showed significant movement. Mynaric, American Rebel Holdings, Professional Diversity, Advent Technologies, ABM Industries, and Marti Technologies experienced gains, with ABM Industries releasing Q4 earnings. Conversely, Shengfeng Development, WANG & LEE Group, JE Cleantech Holdings, ShiftPixy, Navios Maritime Holdings, and RXO saw their stock prices decline.
December 13, 2023 | 1:07 pm
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POSITIVE IMPACT
ABM Industries stock rose 7.28% to $47.59, with a market cap of $3.1 billion, following the release of Q4 earnings.
The increase in stock price following the Q4 earnings release indicates a positive market reaction, likely to continue in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Mynaric shares surged 14.5% to $5.5 in pre-market trading with a market cap of $137.1 million.
The significant pre-market gain suggests positive investor sentiment which could lead to a short-term price increase.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
Navios Maritime Holdings stock decreased by 6.99% to $2.13, with a market cap of $48.6 million.
The pre-market drop indicates a negative outlook that could persist in the short term, affecting the stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
RXO stock declined by 6.06% to $20.0, with a market cap of $2.3 billion.
The decrease in RXO's stock price suggests bearish sentiment that may impact the stock negatively in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
Shengfeng Development's stock fell 13.5% to $12.55 in pre-market trading with a market cap of $1.0 billion.
The notable pre-market decline suggests negative investor sentiment which could lead to a short-term price decrease.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 80