Why The Trade Desk Shares Are Trading Higher By Around 19%; Here Are 20 Stocks Moving Premarket
Portfolio Pulse from Avi Kapoor
The Trade Desk, Inc. (TTD) shares rose by 19% in pre-market trading after reporting mixed Q4 financial results, with earnings missing but sales beating estimates. The board approved an additional $647 million for share repurchases. Other stocks showed significant pre-market movements, with notable gainers including Tarena International, Inc. (TCTM), Ambow Education Holding Ltd. (AMBO), and Applied Materials, Inc. (AMAT), among others. Losers included CLPS Incorporation (CLPS), Bloom Energy Corporation (BE), and Roku, Inc. (ROKU), with each reporting various financial results or updates.
February 16, 2024 | 1:09 pm
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NEGATIVE IMPACT
Bloom Energy Corporation shares fell 17.2% due to worse-than-expected Q4 financial results.
The decline in BE shares is attributed to its Q4 financial results falling short of expectations, potentially signaling operational challenges.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
NEGATIVE IMPACT
Roku, Inc. shares fell 16% in pre-market trading following the announcement of its Q4 financial results.
ROKU's pre-market decline is likely due to investor disappointment in its Q4 financial performance, reflecting concerns over growth and profitability.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Applied Materials, Inc. shares gained 12.9% after reporting better-than-expected Q1 financial results and issuing positive Q2 guidance.
AMAT's pre-market gain is driven by its better-than-expected Q1 financial performance and positive outlook for Q2, suggesting robust demand for its products.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
The Trade Desk shares rose by 19% after mixed Q4 results and a new share repurchase program.
The sharp rise in TTD shares is likely due to the sales beat and the significant new share repurchase program, indicating strong future confidence by the company.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100