Why SurgePays Shares Are Trading Lower By Around 15%; Here Are 20 Stocks Moving Premarket
Portfolio Pulse from Avi Kapoor
SurgePays, Inc. (NASDAQ:SURG) shares fell by approximately 15% in pre-market trading due to worse-than-expected Q4 financial results. Other stocks also showed significant movement in pre-market trading, with notable gainers including NuCana plc (NASDAQ:NCNA) and ShiftPixy, Inc. (NASDAQ:PIXY), and losers like Aeva Technologies, Inc. (NASDAQ:AEVA) and Bit Origin Ltd (NASDAQ:BTOG).
March 13, 2024 | 12:24 pm
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POSITIVE IMPACT
NuCana plc shares surged 99.6% in pre-market trading after being granted a U.S. Patent for cancer treatment derivatives.
NuCana plc's significant pre-market gain is due to the positive news of receiving a U.S. Patent, which is likely to have a favorable short-term impact on its stock price.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
ShiftPixy, Inc. shares rose 50% in pre-market trading, recovering from a 19% dip the previous day.
The sharp rise in ShiftPixy's shares in pre-market trading indicates a strong short-term positive momentum, likely due to market correction from the previous day's dip.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 80
NEGATIVE IMPACT
Aeva Technologies, Inc. shares fell 20.6% in pre-market trading following a 15% drop on Tuesday.
Aeva Technologies' continued decline in pre-market trading suggests a negative short-term outlook, possibly due to ongoing investor concerns.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 80
NEGATIVE IMPACT
Bit Origin Ltd shares fell 16.1% in pre-market trading after a 11% gain on Tuesday.
The pre-market decline in Bit Origin Ltd's shares indicates a reversal of the previous day's gains, suggesting short-term volatility.
CONFIDENCE 75
IMPORTANCE 65
RELEVANCE 70
NEGATIVE IMPACT
SurgePays shares fell by around 15% in pre-market trading after reporting Q4 earnings and sales below market expectations.
The significant drop in SurgePays' share price is directly attributed to its Q4 financial performance falling short of market expectations, indicating a negative short-term impact.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100