Understanding the Surge
Shares of FedEx Corporation soared in today’s pre-market trading after the company unveiled earnings that surpassed expectations for its third quarter. Investors cheered as FedEx reported earnings of $3.86 per share, beating the analyst consensus estimate of $3.45 by a notable 11.88%. This remarkable performance represented a 13.2% increase over earnings from the same period last year. Although quarterly sales slightly missed expectations at $21.7 billion, the earnings figures were enough to spark a 12.4% surge in FedEx shares to $297.72.
Market Mavericks
Joining FedEx in the pre-market excitement are a host of other stocks showing significant movement:
Gainers
- Murano Global Investments PLC witnessed a staggering rise of 266.4% to $35.43.
- Nova LifeStyle, Inc. saw a 62.5% surge to $2.99.
- BIOLASE, Inc. experienced a jump of 32.8% to $0.1990.
- Griid Infrastructure Inc. climbed 30.9% to $1.44.
- Visionary Holdings Inc. shares gained 16.1% to $0.1950.
- SU Group Holdings Limited saw an increase of 13.1% to $3.29.
- HeartBeam, Inc. rose by 10.8% to $2.56.
- Ocugen, Inc. gained 9% to $1.46after appointing a new Chief Medical Officer.
- Worthington Steel, Inc. surged by 3.9% to $33.15 on the back of strong third-quarter results.
Losers
- Abits Group Inc. dipped 17.6% to $0.6398.
- Lululemon Athletica Inc. declined by 12.8% to $417.25 despite posting impressive fourth-quarter results.
- Selina Hospitality PLC fell 11.5% to $0.2478 after a Thursday rally.
- Pyxis Oncology, Inc. dropped by 11.3% to $4.40 following financial results.
- Ispire Technology Inc. also fell 11.3% to $7.20 pre-market.
- Asset Entities Inc. saw a 10.9% decrease to $0.5750 after a previous surge.
- MMTec, Inc. shares tumbled by 10.7% to $2.05 after a strong Thursday.
- JOANN Inc. fell 9.1% to $0.14 despite a recent uptick.
- Next.e.GO N.V. saw an 8.4% decrease to $0.0461 in pre-market trading.
- NIKE, Inc. shares tumbled 6.3% to $94.49 despite positive third-quarter results.
<
Feel the rhythm of the market as these stocks ebb and flow throughout pre-market trading!
