Why Robinhood Shares Are Trading Higher By Around 14%; Here Are 20 Stocks Moving Premarket
Portfolio Pulse from Avi Kapoor
Robinhood Markets, Inc. (HOOD) shares surged by approximately 14% in pre-market trading after reporting Q4 financial results that exceeded expectations, with revenue of $471 million and earnings per share of 3 cents. Other stocks also showed significant movement in pre-market trading, with notable gainers including Brera Holdings PLC (BREA) and VBI Vaccines Inc. (VBIV), and losers such as Azitra, Inc. (AZTR) and QuidelOrtho Corporation (QDEL).
February 14, 2024 | 1:12 pm
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NEGATIVE IMPACT
Azitra, Inc. shares declined sharply after pricing a $5 million public offering at $0.30 per share, significantly below the previous close.
The pricing of the public offering significantly below the market price likely led to negative investor sentiment and a decrease in AZTR's stock price.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
NEGATIVE IMPACT
QuidelOrtho Corporation's shares fell after reporting worse-than-expected Q4 financial results and issuing FY24 adjusted EPS below estimates.
The disappointing Q4 financial results and pessimistic FY24 guidance likely led to decreased investor confidence and a decline in QDEL's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 90
POSITIVE IMPACT
Robinhood's shares surged after reporting better-than-expected Q4 results, with a significant year-over-year revenue increase and positive earnings per share.
The positive earnings report significantly exceeded market expectations, likely leading to increased investor confidence and demand for HOOD shares.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
VBI Vaccines Inc. shares surged after Brii Biosciences agreed to acquire VBI's IP rights in BRII-179 (VBI-2601), planning to expand clinical and commercial supplies.
The acquisition deal with Brii Biosciences is a significant positive development for VBIV, likely to boost investor confidence and stock price.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90