Why Affirm Shares Are Trading Higher By Around 18%; Here Are 20 Stocks Moving Premarket
Portfolio Pulse from Avi Kapoor
Affirm Holdings, Inc. (AFRM) shares surged 18% in pre-market trading due to better-than-expected Q4 earnings and positive Q1 guidance. Other notable pre-market movers include BioCardia, Inc. (BCDA) with a 109.5% gain after FDA clearance, and Big Lots, Inc. (BIG) with a 30.5% decline amid bankruptcy concerns.
August 29, 2024 | 9:37 am
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POSITIVE IMPACT
Affirm Holdings shares rose 18% in pre-market trading after reporting better-than-expected Q4 earnings and positive Q1 guidance.
Affirm's better-than-expected earnings and positive guidance are likely to boost investor confidence, leading to a short-term increase in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
BioCardia shares surged 109.5% in pre-market trading after receiving FDA clearance for its Morph DNA Steerable Introducer product family.
FDA clearance is a significant milestone for BioCardia, likely leading to increased investor interest and a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 80
NEGATIVE IMPACT
Big Lots shares fell 30.5% in pre-market trading amid reports of a potential bankruptcy filing.
The potential bankruptcy filing is a critical issue for Big Lots, likely causing a significant negative impact on the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 95
RELEVANCE 90