Why Micron Therapies Shares Are Trading Higher By Around 17%; Here Are 20 Stocks Moving Premarket
Portfolio Pulse from Avi Kapoor
Micron Technology, Inc. (NASDAQ:MU) shares surged by 17.1% in pre-market trading after reporting Q2 results that exceeded expectations and providing strong Q3 guidance. Other stocks also showed significant movement in pre-market trading, with notable gainers including Kaival Brands Innovations Group, Inc. and CuriosityStream Inc., and losers such as Movella Holdings Inc. and Abits Group Inc.
March 21, 2024 | 12:05 pm
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NEGATIVE IMPACT
Movella Holdings Inc. shares dipped 57.9% in pre-market trading after announcing a voluntary delisting from Nasdaq.
The decision to delist from Nasdaq is typically viewed negatively by investors, leading to a sharp decline in stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 90
POSITIVE IMPACT
Micron Technology, Inc. shares surged by 17.1% in pre-market trading after reporting better-than-expected Q2 results and strong Q3 guidance.
Micron's positive earnings report and strong future guidance directly contribute to investor optimism, likely driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 95
RELEVANCE 100