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 significant movement. Notably, Erayak Power Solution Gr, NuScale Power, and WANG & LEE Group were among the top gainers, while Velo3D, Bowman Consulting Group, and C3is led the losers. Cintas reported Q3 earnings, contributing to its stock rise, whereas Velo3D and C3is saw declines following their Q4 earnings reports.
March 27, 2024 | 1:05 pm
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POSITIVE IMPACT
Cintas shares moved upwards by 5.62% to $669.0, with a market cap of $67.8 billion, following their Q3 earnings release.
Cintas's positive Q3 earnings report is likely the driver behind its stock price increase, indicating potential for continued short-term growth.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 95
POSITIVE IMPACT
Erayak Power Solution Gr shares rose 12.9% to $0.69, with a market cap of $8.2 million.
The significant pre-market rise in RAYA's stock price could attract more investors, potentially leading to a short-term upward trend.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
NuScale Power stock increased by 11.29% to $4.63, with a market cap of $369.5 million.
The substantial pre-market increase in SMR's stock price suggests positive investor sentiment, likely leading to short-term gains.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
NEGATIVE IMPACT
Velo3D shares declined by 34.4% to $0.38, with a market cap of $98.1 million, following their Q4 earnings report.
The sharp decline in VLD's stock price post-Q4 earnings suggests negative market reaction, likely leading to further short-term downside.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 95