Why NVIDIA Shares Are Trading Higher By Over 6%; Here Are 20 Stocks Moving Premarket
Portfolio Pulse from Avi Kapoor
NVIDIA Corporation (NASDAQ:NVDA) shares surged over 6% in pre-market trading after reporting strong Q1 financial results, issuing robust Q2 guidance, announcing a 10-for-1 stock split, and raising its quarterly dividend by 150%. Other notable pre-market movers include Ascent Solar Technologies, Inc. (NASDAQ:ASTI), iSpecimen Inc. (NASDAQ:ISPC), and V.F. Corporation (NYSE:VFC).
May 23, 2024 | 12:39 pm
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NEGATIVE IMPACT
V.F. Corporation shares declined 15.2% in pre-market trading following worse-than-expected Q4 financial results and the appointment of Paul Vogel as CFO.
The decline in share price is driven by disappointing financial results, which typically negatively impact investor sentiment. The new CFO appointment may add uncertainty.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Ascent Solar Technologies, Inc. shares rose 178.8% in pre-market trading after a 19% increase on Wednesday.
The significant pre-market gain follows a notable increase the previous day, indicating strong investor interest and momentum.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
iSpecimen Inc. shares gained 44% in pre-market trading after a 32% increase on Wednesday.
The substantial pre-market gain follows a significant increase the previous day, suggesting continued strong investor interest.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
NVIDIA shares surged over 6% in pre-market trading after the company reported strong Q1 financial results, issued robust Q2 guidance, announced a 10-for-1 stock split, and raised its quarterly dividend by 150%.
The combination of strong financial results, positive future guidance, a significant stock split, and a substantial dividend increase is likely to drive investor confidence and demand for NVIDIA shares in the short term.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100