Why Smartsheet Shares Are Trading Higher By 13%; Here Are 20 Stocks Moving Premarket
Portfolio Pulse from Avi Kapoor
Smartsheet Inc. (NYSE:SMAR) shares surged 13.1% in pre-market trading after reporting better-than-expected Q1 earnings and announcing a $150 million share repurchase program. Other notable pre-market movers include Virax Biolabs Group Limited (NASDAQ:VRAX), Aethlon Medical, Inc. (NASDAQ:AEMD), and Lululemon Athletica Inc. (NASDAQ:LULU).
June 06, 2024 | 12:16 pm
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POSITIVE IMPACT
Aethlon Medical, Inc. shares gained 80.7% in pre-market trading.
The substantial pre-market gain indicates positive investor sentiment, possibly due to recent news or developments.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Lululemon Athletica Inc. shares climbed 9% in pre-market trading after reporting upbeat Q1 financial results and authorizing a $1 billion increase in its stock repurchase program.
The positive earnings report and significant increase in the stock repurchase program are likely to boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 80
POSITIVE IMPACT
Smartsheet shares rose 13.1% in pre-market trading after the company reported better-than-expected Q1 earnings and announced a $150 million share repurchase program.
The better-than-expected earnings and the significant share repurchase program are strong positive signals for investors, likely driving the stock price up in the short term.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Virax Biolabs Group Limited shares surged 176.4% in pre-market trading.
The significant pre-market price increase suggests strong investor interest, likely driven by recent developments or news.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50