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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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
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