Today's Pre-Market Stock Movers: TSLA, F, KORE, AMLX and More
Gapping up
In reaction to earnings/guidance:
Other news:
$Radiant Logistics (RLGT.US)$ +6.8% (to restate FY21 earnings)
$Stellus Capital Investment (SCM.US)$ +3.3% (declares Q4 dividends of $0.34 per share)
$Golden Ocean (GOGL.US)$ +2.5% (authorizes new $100 mln share repurchase program)
$iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX.US)$ +1.5% (rising with pull back in stock futures)
$Pebblebrook Hotel Trust (PEB.US)$ +1.3% (several resorts impacted by Hurricane Ian but repair costs not material)
Gapping down
In reaction to earnings/guidance:
$Helen Of Troy (HELE.US)$ -11.9%, $Schnitzer Steel Industries (SCHN.US)$ -2.4% (guidance update), $SMART Global (SGH.US)$ -1.2%
Select oil/gas related names showing early weakness:
IWM -1.2%, SPY -0.9%, QQQ -0.9%, DIA -0.9%
Other news:
$KORE Group (KORE.US)$ -9.3% (files for 31,123,253 share offering by selling shareholders)
$Amylyx Pharmaceuticals (AMLX.US)$ -6% (commences 6 mln share offering)
$Nevro (NVRO.US)$ -5% (FDA approves manufacturing operations in Costa Rica)
$BrightSpire Capital (BRSP.US)$ -3% (files mixed securities shelf offering; also files for 34,911,944 share offering by selling shareholder)
$Alcoa (AA.US)$ -2.6% (tells LME that Russian metal should not be traded on the benchmark industrial metal bourse, according to Bloomberg)
$Tesla (TSLA.US)$ -1.5% (to remove ultrasonic sensors from Model 3 and Model Y, also launching its vision-based network for its Autopilot system)
$Joby Aviation (JOBY.US)$ -1.1% (files for $1.0 bln mixed securities shelf offering)
$Rocket Lab (RKLB.US)$ -1.1% (preparing to launch its 31st Electron rocket on Oct 7)
Analyst comments:
$Sotera Health Company (SHC.US)$ -3.4% (downgraded to Neutral from Buy at Citigroup)
$Laredo Petroleum (LPI.US)$ -2.1% (downgraded to Neutral from Overweight at Piper Sandler)
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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