12 Industrials Stocks Moving In Wednesday's Pre-Market Session
Portfolio Pulse from Benzinga Insights
In Wednesday's pre-market session, several industrials stocks showed notable movements. Sarcos Technology (STRC) led the gainers with a 23.4% increase, while Innovate (VATE) experienced the largest drop among the losers, declining by 13.8%. Other notable movers included NuScale Power (SMR) and Desktop Metal (DM) with significant gains, and ChargePoint Holdings (CHPT) and JanOne (JAN) among the losers. Market capitalizations varied, highlighting the diverse impact of market conditions on companies of different sizes.

March 06, 2024 | 1:07 pm
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NEGATIVE IMPACT
ChargePoint Holdings' stock decreased by 6.01% in pre-market trading, with a market value of $785.8 million following its Q4 earnings report.
The post-earnings drop in CHPT's stock price indicates a negative market reaction, suggesting a potential short-term decline.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 85
NEGATIVE IMPACT
JanOne's stock fell 10.8% in pre-market trading, with a market cap of $11.0 million.
The decline in JAN's stock price in pre-market trading suggests a negative investor sentiment, potentially leading to a short-term downward trend.
CONFIDENCE 75
IMPORTANCE 65
RELEVANCE 75
NEGATIVE IMPACT
Innovate's shares decreased by 13.8% in pre-market trading, with a market value of $59.4 million following its Q4 earnings release.
The decline in VATE's stock price post-Q4 earnings suggests a negative market reaction to its financial results, indicating a potential short-term downward trend.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Desktop Metal's shares increased by 8.1% in pre-market trading, with a market cap of $188.3 million.
The pre-market gain for DM suggests a positive investor outlook, likely leading to a short-term increase in stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
NuScale Power's shares rose by 10.26% in pre-market trading, with a market cap of $379.2 million.
The increase in SMR's stock price indicates positive investor sentiment, potentially leading to a short-term positive price movement.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Sarcos Technology's stock rose 23.4% in pre-market trading, with a market value of $64.1 million.
The significant pre-market increase in STRC's stock price suggests positive investor sentiment, likely leading to a short-term upward price movement.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90