Why Getaround Shares Are Trading Higher By Around 86%; Here Are 20 Stocks Moving Premarket
Portfolio Pulse from Avi Kapoor
Getaround, Inc. (NYSE:GETR) shares soared by approximately 86% in pre-market trading after reporting improved third-quarter financial results, with a reduced quarterly loss and increased sales compared to the previous year. Other stocks experienced significant movement in pre-market trading, with a mix of gainers such as Brilliant Acquisition Corporation (NASDAQ:BRLI) and losers like Aadi Bioscience, Inc. (NASDAQ:AADI).
December 15, 2023 | 1:17 pm
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POSITIVE IMPACT
Brilliant Acquisition Corporation shares increased by 71.8% to $11.00 in pre-market trading.
The sharp rise in pre-market trading could be due to speculative trading or recent company developments, which may lead to short-term price volatility.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Getaround, Inc. reported a smaller quarterly loss and higher sales, leading to an 86.1% jump in pre-market trading.
The significant improvement in quarterly financial results is a strong positive signal to investors, likely leading to increased investor confidence and demand for the stock in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Aadi Bioscience, Inc. shares dropped 45.3% to $2.94 in pre-market trading after reporting interim results from a trial.
Interim trial results that did not meet investor expectations can lead to a sharp decline in stock price as investors adjust their valuation of the company.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 50