Coherus BioSciences And Other Big Stocks Moving Higher In Wednesday's Pre-Market Session
Portfolio Pulse from Avi Kapoor
Coherus BioSciences, Inc. (NASDAQ:CHRS) shares surged 34.8% in pre-market trading after the FDA approved UDENYCA ONBODY for pegfilgrastim-cbqv. Other stocks showing pre-market gains include Burford Capital Limited (NYSE:BUR), TeraWulf Inc. (NASDAQ:WULF), Bitfarms Ltd. (NASDAQ:BITF), Bit Digital, Inc. (NASDAQ:BTBT), HIVE Digital Technologies Ltd. (NASDAQ:HIVE), Cipher Mining Inc. (NASDAQ:CIFR), and Altimmune, Inc. (NASDAQ:ALT). U.S. stock futures were slightly lower, with Dow Jones futures down about 5 points.
December 27, 2023 | 11:08 am
News sentiment analysis
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POSITIVE IMPACT
Altimmune, Inc. shares rose 4.1% to $11.42 in pre-market trading after an 18% gain on Tuesday.
The stock's upward movement in pre-market, following a strong previous day, suggests positive investor sentiment may continue.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Bitfarms Ltd. shares climbed 8.1% to $3.50 in pre-market trading after an 8% gain on Tuesday.
Continued gains indicate a positive trend for the stock, potentially leading to further short-term increases.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Bit Digital, Inc. shares gained 8.1% to $4.54 in pre-market trading after announcing a doubling of its Bitcoin mining fleet.
Expansion news can be a strong positive driver for stocks, especially in growth sectors like cryptocurrency mining.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Burford Capital Limited shares rose 9.2% to $14.75 in pre-market trading.
Pre-market gains often indicate positive investor sentiment, but without specific news, the impact may be short-lived.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Coherus BioSciences' stock jumped 34.8% pre-market after FDA approval of UDENYCA ONBODY for pegfilgrastim-cbqv.
FDA approvals are significant positive catalysts for biotech companies, likely leading to increased investor confidence and higher demand for the stock in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Cipher Mining Inc. shares rose 6.2% to $5.29 in pre-market trading after a 23% gain on Tuesday.
Following a significant previous day's gain, the pre-market rise could indicate sustained investor interest.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
HIVE Digital Technologies Ltd. shares rose 7.2% to $5.49 in pre-market trading.
The pre-market increase may reflect ongoing investor interest, though the reasons behind the rise are not specified.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
TeraWulf Inc. shares gained 8.1% to $2.40 in pre-market trading after a 3% gain on Tuesday.
Consecutive gains suggest positive momentum, which could attract more investors in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70