Why Doximity Shares Are Trading Higher By 14%; Here Are 20 Stocks Moving Premarket
Portfolio Pulse from Avi Kapoor
Doximity, Inc. (NYSE:DOCS) shares surged 14% in pre-market trading after reporting better-than-expected Q4 financial results. The company posted a 6% YoY revenue increase to $118.1 million, beating estimates, and adjusted earnings of 25 cents per share, surpassing the 20 cents per share forecast. Doximity also provided strong Q1 revenue guidance. Other notable pre-market movers include Akanda Corp. (NASDAQ:AKAN), Fangdd Network Group Ltd. (NASDAQ:DUO), and DXC Technology Company (NYSE:DXC), among others.
May 17, 2024 | 12:19 pm
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NEGATIVE IMPACT
DXC Technology shares fell 22.3% in pre-market trading after issuing weak guidance.
The weak guidance likely disappointed investors, leading to a significant drop in the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Akanda Corp. shares surged 124% in pre-market trading after a significant gain of 27% on Thursday.
The substantial pre-market gain suggests strong investor interest, likely driven by recent positive developments or speculative trading.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Doximity shares rose 14% in pre-market trading after the company reported better-than-expected Q4 results and provided strong Q1 guidance.
Doximity's strong financial performance and positive guidance are likely to boost investor confidence, driving the stock price higher in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Fangdd Network Group Ltd. shares gained 91.6% in pre-market trading after filing its 2023 annual report.
The filing of the annual report likely provided clarity and confidence to investors, driving the stock price higher.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70