Why Robinhood Shares Are Trading Higher By Around 12%; Here Are 20 Stocks Moving Premarket
Portfolio Pulse from Avi Kapoor
Robinhood Markets, Inc. (NASDAQ:HOOD) shares rose by approximately 12% in pre-market trading after announcing an increase in total funded customers to 23.6 million in February. Other stocks also showed significant movement in pre-market trading, with notable gainers including ShiftPixy, Inc. (NASDAQ:PIXY) and losers such as Spruce Biosciences, Inc. (NASDAQ:SPRB).
March 14, 2024 | 12:05 pm
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NEGATIVE IMPACT
Spruce Biosciences, Inc. shares fell 74.2% in pre-market trading after reporting FY23 results and announcing cost reductions.
The drastic pre-market drop is likely due to negative investor reaction to the FY23 results and cost reduction measures, indicating a short-term negative impact.
CONFIDENCE 90
IMPORTANCE 95
RELEVANCE 100
POSITIVE IMPACT
Robinhood shares rose by approximately 12% in pre-market trading after reporting an increase in total funded customers.
The increase in total funded customers is a positive indicator of growth and investor confidence, likely leading to a short-term positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
ShiftPixy, Inc. shares gained 50.4% in pre-market trading after a 3% gain on Wednesday.
The significant pre-market gain following a positive performance on Wednesday suggests strong investor interest, likely leading to a short-term positive impact.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90