These stocks were poised to make moves Wednesday:
Li Auto’s U.S.-listed shares rose 2% in premarket trading. Li Auto reports total revenues of RMB31.7 billion (US$4.4 billion) in the second quarter of 2024, representing an increase of 23.6% from RMB25.6 billion in the first quarter of 2024. Gross profit was RMB6.2 billion (US$850.0 million), representing an increase of 16.9% from RMB5.3 billion in the first quarter of 2024.
Crypto stocks dropped in premarket trading. Bit Digital fell 4.6%; Marathon Digital fell 3.5%; MicroStrategy fell 2.8%; CleanSpark, Coinbase and Riot Platforms fell over 2%. Bitcoin posted its biggest drop since the turmoil that gripped global markets in early August, part of a wider retreat in crypto prices that included a sharp fall in second-ranked token Ether.
The largest digital asset shed more than 6% at one point, the steepest slide since the Aug. 5 plunge, before retracing some of the weakness to change hands at $59,249 on Wednesday in London. Ether at one point lost more than 7% before paring a part of the wobble to trade at about $2,478.
Nordstrom posted a second-quarter profit that topped estimates, with sales propped up by its crucial Anniversary Sale event, sending its shares up 8.7% in premarket trading Wednesday.
JBDI Holdings surged another 62% in premarket trading. Shares of JBDI Holdings Limited soared 102.4% on Tuesday, following the company's announcement that it had successfully priced its initial public offering (IPO) of approximately 2.3 million ordinary shares at $5 per share.
Shares of Junee jumped 25.5% in premarket trading Wednesday after the company signed a pact with an Nvidia partner in Australia to develop artificial-intelligence products and supercomputing centers, including one that will involve $200 million of investment.
SentinelOne raised its annual revenue forecast, anticipating new clients to turn to its cybersecurity products for safeguarding their digital operations amid growing online threats.
Shares of the Mountain View, California-based company were up nearly 1% in premarket trading Wednesday.
Shares of Ambarella soared after the semiconductor design company posted better-than-expected second-quarter results and projected revenue growth well above Wall Street expectations. The stock surged 20.4% in premarket trading Wednesday.
Box posted higher quarterly revenue and profit and raised its fiscal full-year revenue outlook after the U.S. dollar weakened compared with the Japanese yen. Shares rose about 6% in premarket trading Wednesday.
Comments