12 Industrials Stocks Moving In Thursday's Pre-Market Session
Portfolio Pulse from Benzinga Insights
In Thursday's pre-market session, several industrial stocks showed significant movement. Applied UV (AUVI) and its preferred shares (AUVIP) saw increases of 25.1% and 13.12%, respectively. Northann (NCL) and Shimmick (SHIM) also experienced gains, with SHIM's rise attributed to its Q3 earnings report from two days prior. Conversely, KULR Tech Gr (KULR) and FedEx (FDX) faced steep declines, with FDX's drop following its Q2 earnings release. Other stocks such as Sentage Hldgs (SNTG), Freight Technologies (FRGT), Shengfeng Development (SFWL), Erayak Power Solution Gr (RAYA), Steelcase (SCS), and Earlyworks Co (ELWS) also saw notable pre-market movements.
December 21, 2023 | 1:07 pm
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NEGATIVE IMPACT
FedEx shares fell 10.79% to $249.8, with a market value of $62.8 billion, after its Q2 earnings report.
FedEx's decline after its Q2 earnings release suggests a negative market reaction to the financial results, likely causing a short-term decrease in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
KULR Tech Gr stock declined by 35.1% to $0.19, with a market value of $24.5 million.
The substantial pre-market decline in KULR Tech Gr's stock price indicates negative investor sentiment, which could lead to a short-term downtrend.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Applied UV stock increased by 25.1% to $2.29 in pre-market trading with a market cap of $1.2 million.
The significant pre-market increase in Applied UV's stock price suggests positive investor sentiment, which could lead to a short-term uptrend.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
Applied UV's preferred shares rose 13.12% to $2.5 in the pre-market session.
The increase in Applied UV's preferred shares indicates a positive reaction from investors, potentially leading to short-term price appreciation.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Northann stock moved upwards by 16.11% to $2.09, with a market value of $44.6 million.
Northann's stock increase suggests investor confidence, which may result in a short-term positive impact on its stock price.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Shimmick stock increased by 12.25% to $7.1, with a market value of $181.0 million, following its Q3 earnings report.
The rise in Shimmick's stock price post-Q3 earnings suggests a favorable market response to the financial report, likely leading to a short-term positive trend.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90