TipRanks has compiled a list of Thursday’s biggest pre-market stock movements.
Mixed market sentiment on earnings releases, macro factors, and other variables seem to have dominated today’s stock market. Using TipRanks’ new Top Stock Gainers/Losers page, we’ve identified the top three pre-market stock movers, as detailed below.
3 Big Movers
PagerDuty, Inc. (PD), is a U.S.-based cloud computing company which specializes in a SaaS incident response platform for IT departments. It was the biggest gainer in pre-market trading, as the stock surged around 13% at the time of writing. The surge in price followed a smaller-than-expected fourth-quarter Fiscal 2022 loss, upbeat revenue, and a strong outlook. For Fiscal Q1 2023, the company projects revenue to be in the range of $81.5 million to $83.5 million, versus the consensus estimate of $80.2 million, while loss is estimated in the range of $0.09-$0.08 per share, versus analysts’ loss expectations of $0.06 per share. For Fiscal 2023, total revenue is forecast in the range of $360 million to $366 million, above the consensus estimate of $352.7 million, while loss per share is expected to range between $0.23 and $0.17, compared with the consensus estimated loss of $0.19 per share.
Meanwhile, Dada Nexus Limited (DADA) declined 4.06% in pre-market trading, at last check. This drop followed Wednesday’s jump of more than 50% in its share price following China’s top policymaker’s statement to boost the economy and stabilize capital markets. DADA is a platform for local on-demand retail and delivery in China.
Chinese social network company Weibo Corporation (WB) dropped 3.29% in pre-market trading at the time of writing. Meanwhile, it recorded gains of around 20.7% at yesterday’s close on the positive remarks from Chinese policymakers.
Continue to watch this space for possible volatility upon the market opens. Tomorrow, we’ll have another up-to-date piece on stock Pre-Market Movers…
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