What's Going On With Toyota Stock Premarket Tuesday?
Portfolio Pulse from Lekha Gupta
Toyota Motor Corporation (NYSE:TM) shares are trading higher premarket after the company announced it sold $2.04 billion in cross-shareholdings in the fiscal year ended March 2024. Toyota now holds shares in 124 companies, down from 200 in 2015. The company also released a new ad campaign for the Corolla Hybrid. Despite recent setbacks, including a $15 billion market cap loss and a temporary halt in shipments of certain models, Toyota stock has gained 29% in the last 12 months. Investors can gain exposure via Amplify CWP International Enhanced Dividend Income ETF (NYSE:IDVO) and Altrius Global Dividend ETF (NASDAQ:DIVD).
June 25, 2024 | 11:50 am
News sentiment analysis
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POSITIVE IMPACT
Altrius Global Dividend ETF (NASDAQ:DIVD) provides exposure to Toyota stock, which is up 4.03% premarket. The ETF may benefit from Toyota's positive performance.
DIVD holds Toyota shares, and the positive premarket movement in Toyota's stock is likely to benefit the ETF.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Amplify CWP International Enhanced Dividend Income ETF (NYSE:IDVO) provides exposure to Toyota stock, which is up 4.03% premarket. The ETF may benefit from Toyota's positive performance.
IDVO holds Toyota shares, and the positive premarket movement in Toyota's stock is likely to benefit the ETF.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Toyota Motor Corporation (NYSE:TM) shares are up 4.03% premarket after the company sold $2.04 billion in cross-shareholdings. Despite recent setbacks, including a $15 billion market cap loss, the stock has gained 29% in the last 12 months.
The sale of cross-shareholdings is seen as a positive move, improving liquidity and focus. Despite recent issues, the stock's 29% gain over the last year and the premarket rise indicate investor confidence.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100