Upstart Holdings, Inc. (UPST) Soars on Strong Earnings
Shares of Upstart Holdings, Inc. (UPST) soared in today’s pre-market trading, driven by the company’s better-than-expected third-quarter financial results. Upstart reported a quarterly loss of seven cents per share, beating the analyst consensus estimate of a 15-cent loss. Revenue for the quarter came in at $162.14 million, exceeding the analyst consensus estimate of $150.22 million and representing an increase from the $134.55 million in sales generated during the same period last year. The positive news sent Upstart shares surging 23.1% to $68.29 in the pre-market session.
DevvStream Corp. (DEVS) Skyrockets Over 370%
DevvStream Corp. (DEVS) experienced an extraordinary surge, gaining a whopping 370% to $4.85 in pre-market trading. This dramatic move comes after a significant dip of around 58% on Thursday. The company’s recent performance highlights the volatility within the stock market and the potential for significant price swings.
Other Notable Pre-Market Movers
Several other companies experienced significant price movements in the pre-market session. Here’s a look at some notable gainers and losers:
Gainers:
*
Tivic Health Systems, Inc. (TIVC):
Shares rose 52.8% to $0.4010 following news that Tivic Health® Systems will report financial results on Thursday, Nov. 14, after the closing bell.*
Doximity, Inc. (DOCS):
Shares surged 44.2% to $62.60 after the company reported better-than-expected second-quarter financial results.*
Li-Cycle Holdings Corp. (LICY):
Shares gained 41% to $5.09 following the release of upbeat quarterly results.*
Northann Corp. (NCL):
Shares climbed 37.6% to $0.3089, following a jump of around 12% on Thursday.*
Innodata Inc. (INOD):
Shares rose 36.4% to $33.20 after the company reported better-than-expected third-quarter financial results.*
Nature’s Miracle Holding Inc. (NMHI):
Shares gained 31.8% to $0.1953, following a surge of over 52% on Thursday.*
Five9, Inc. (FIVN):
Shares gained 24.6% to $40.88 after the company reported better-than-expected third-quarter financial results and issued FY24 guidance above estimates.*
Lumentum Holdings Inc. (LITE):
Shares gained 24.3% to $91.54 after the company reported better-than-expected first-quarter financial results and issued second-quarter guidance above estimates.Losers:
*
ProPhase Labs, Inc. (PRPH):
Shares tumbled 45.4% to $0.7800 following the announcement of a public offering of common stock.*
Evolent Health, Inc. (EVH):
Shares fell 33.6% to $16.31 after the company reported worse-than-expected third-quarter financial results.*
AtlasClear Holdings, Inc. (ATCH):
Shares dipped 31.8% to $0.1910 following a jump of over 55% on Thursday.*
agilon health, inc. (AGL):
Shares fell 29% to $1.98 after the company reported worse-than-expected quarterly revenue results.*
Maravai LifeSciences Holdings, Inc. (MRVI):
Shares declined 26.6% to $5.75 after the company reported worse-than-expected third-quarter financial results and cut its FY24 sales guidance.*
MDJM Ltd (MDJH):
Shares dipped 22.4% to $0.1511 following a 30% jump on Thursday.*
Earlyworks Co., Ltd (ELWS):
Shares fell 17% to $5.60 after surging over 10% on Thursday.*
Sweetgreen, Inc. (SG):
Shares fell 15% to $35.87 after the company reported worse-than-expected quarterly financial results.*
Redfin Corporation (RDFN):
Shares fell 14.1% to $9.85 after the company reported worse-than-expected third-quarter financial results.*
Wag! Group Co. (PET):
Shares fell 13.8% to $0.5487.This analysis provides a snapshot of the pre-market activity, offering insights into the market’s reaction to corporate earnings, news, and other factors impacting stock prices. As always, investors should conduct thorough research and consult with financial professionals before making any investment decisions.
