Why Cardlytics Shares Are Trading Higher By Around 37%; Here Are 20 Stocks Moving Premarket
Portfolio Pulse from Avi Kapoor
Cardlytics, Inc. (CDLX) shares surged by approximately 37% in pre-market trading after reporting Q4 earnings that exceeded expectations, with adjusted earnings of 14 cents per share against estimates of 12 cents. The company also forecasted Q1 revenue between $70 million and $73 million, surpassing the expected $66.46 million. Other stocks showed significant movement in pre-market trading, with notable gainers including Fisker Inc. (FSR), Madrigal Pharmaceuticals, Inc. (MDGL), and American Vanguard Corporation (AVD), among others. Conversely, companies like Kopin Corporation (KOPN), Smartsheet Inc. (SMAR), and Adobe Inc. (ADBE) experienced declines.
March 15, 2024 | 12:13 pm
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POSITIVE IMPACT
Cardlytics reported better-than-expected Q4 earnings and provided a strong revenue forecast for Q1, leading to a significant pre-market stock price increase.
The positive earnings report and optimistic revenue forecast directly contribute to investor optimism, likely driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Fisker Inc. shares rose 31.3% in pre-market trading despite recent concerns over a potential bankruptcy filing.
The pre-market gain for FSR, despite bankruptcy rumors, suggests a short-term positive sentiment among investors, possibly due to speculative trading or reassessment of the company's outlook.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
Madrigal Pharmaceuticals' stock rose 26.9% in pre-market trading following FDA approval of Rezdiffra for noncirrhotic NASH treatment.
FDA approval of a new drug is a significant positive development for pharmaceutical companies, likely leading to increased investor confidence and a rise in stock price.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
NEGATIVE IMPACT
Adobe Inc. shares dipped 11.3% in pre-market trading after issuing weak revenue guidance for the current quarter, despite better-than-expected Q1 results.
Weak revenue guidance can lead to investor concern about future growth prospects, negatively impacting the stock price in the short term despite positive past performance.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90