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. Applied UV (AUVI) and its preferred shares (AUVIP) saw gains of 29.0% and 13.12%, respectively. Shimmick (SHIM) rose 15.25% after Q3 earnings release, while Northann (NCL) and Jet AI (JTAI) also experienced increases. Sentage Hldgs (SNTG) moved up by 10.65%. Conversely, KULR Tech Gr (KULR) dropped 32.4%, FedEx (FDX) fell 10.99% following Q2 earnings, and Steelcase (SCS) declined by 8.98% after Q3 earnings. Other losers included Erayak Power Solution Gr (RAYA), Shengfeng Development (SFWL), and Earlyworks Co (ELWS).
December 20, 2023 | 1:07 pm
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POSITIVE IMPACT
Applied UV stock increased by 29.0% to $2.36, with a market cap of $1.3 million.
The significant pre-market gain suggests positive investor sentiment, which could lead to a short-term uptrend.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Shimmick shares rose 15.25% to $7.29 after Q3 earnings release, with a market cap of $185.8 million.
The increase following the Q3 earnings announcement indicates a positive reception by the market, likely to boost short-term price.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
NEGATIVE IMPACT
FedEx stock fell 10.99% to $249.23 after Q2 earnings, with a market cap of $62.6 billion.
The decline post-Q2 earnings suggests the results did not meet market expectations, potentially leading to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 95
NEGATIVE IMPACT
KULR Tech Gr stock fell 32.4% to $0.2, with a market cap of $25.5 million.
The substantial pre-market drop is a strong indicator of negative investor sentiment, likely leading to further short-term decline.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 90
NEGATIVE IMPACT
Steelcase shares declined by 8.98% to $11.56 after Q3 earnings, with a market cap of $1.3 billion.
The post-earnings decline indicates that the Q3 results may have disappointed investors, suggesting a bearish short-term outlook.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90