Why Oracle Shares Are Trading Higher By 9%; Here Are 20 Stocks Moving Premarket
Portfolio Pulse from Avi Kapoor
Oracle shares rose 9% in pre-market trading after reporting weaker-than-expected Q4 earnings and announcing a partnership with Google Cloud. Other notable pre-market movers include Golden Heaven Group Holdings, WANG & LEE GROUP, Surf Air Mobility, Beamr Imaging, and Rentokil Initial. ThermoGenesis Holdings and Clene Inc. were among the biggest losers.
June 12, 2024 | 9:33 am
News sentiment analysis
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NEGATIVE IMPACT
Clene Inc. shares dipped 24.7% in pre-market trading after falling 4% on Tuesday.
The continued decline in share price suggests ongoing negative sentiment or unfavorable developments.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
ThermoGenesis Holdings shares declined 49.8% in pre-market trading after Nasdaq denied the company's request for continued listing.
The denial of the continued listing request by Nasdaq is a significant negative development, leading to a sharp decline in share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 60
POSITIVE IMPACT
Beamr Imaging shares gained 28.2% in pre-market trading after announcing its cloud solution is available in the Oracle Cloud Marketplace.
The availability of Beamr's cloud solution in the Oracle Cloud Marketplace is a positive development, driving the share price up.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 60
POSITIVE IMPACT
Golden Heaven Group Holdings shares surged 70.3% in pre-market trading.
The significant pre-market surge indicates strong investor interest, likely driven by recent positive developments or market sentiment.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Google Cloud's partnership with Oracle has positively impacted Oracle's stock, indicating potential benefits for Google Cloud as well.
The partnership with Oracle is likely to enhance Google Cloud's market position, contributing to a positive outlook for Alphabet Inc.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 70
POSITIVE IMPACT
Oracle shares rose 9% in pre-market trading after reporting weaker-than-expected Q4 earnings and announcing a partnership with Google Cloud.
Despite weaker-than-expected earnings, the announcement of a partnership with Google Cloud has positively impacted Oracle's stock, indicating strong market confidence in the strategic move.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Rentokil Initial shares gained 11.5% in pre-market trading following a report suggesting Trian has amassed a stake in the company.
The report of Trian's stake in Rentokil Initial has positively influenced investor sentiment, driving the share price up.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Surf Air Mobility shares gained 38% in pre-market trading after announcing an agreement to supply electric powertrains to Asta.
The agreement to supply electric powertrains is a significant development, likely driving the sharp increase in share price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 60
POSITIVE IMPACT
WANG & LEE GROUP shares rose 43.1% in pre-market trading after a 16% surge on Tuesday.
The continued rise in share price suggests sustained positive sentiment or recent favorable news.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50