Hello, Reader!
You don’t want to miss the latest premarket news that could affect your trading strategy today.
Below, you’ll find our expert analysis of the most important factors that could move the market and how you can prepare for them.
Don’t wait, read on and get ready to make some smart moves today!
1. Janux Therapeutics, Inc. (JANX):
+84.77% 🧬
The stock closed at $15.10 yesterday and surged to $28.07 in pre-market trading today, making an impressive gain of 84.77%. This is following the announcement of 1a clinical trial data where it was revealed that 83% of subjects achieved a 50% or greater decline in prostate-specific antigen levels.(1)
Over the last year, Janux's stock has had its ups and downs, currently sitting 16.06% below its highest
price of $17.99. Its price has swung between $5.65 and $17.99, showing it's been a bumpy ride for investors.
2. Infobird Co., Ltd (IFBD): +56.52% 🌟
This premarket activity reflects a critical period for Infobird. They are undergoing notable corporate restructuring and strategic initiatives. Plus, the company announced a 1-for-8 share consolidation (reverse stock split) and capital reduction set to take effect on March 4, 2024.(2)
This big shake-up is something researchers should watch closely, especially with these changes kicking in on March 4, 2024.
3. PubMatic, Inc. (PUBM): +28.30% ✨
PubMatic experienced significant after-hours trading activity on February 27, 2024, with the stock price rising to $20.54, marking an increase of 23.96% from its close at $16.57 yesterday.
The
company’s financial outlook is robust, with sales forecasts suggesting a steady increase from $261 million in 2023 to $284 million in 2024. The company's net income is also expected to improve, moving from $1 million in 2023 to $5 million in 2024.(3)
Additionally, yesterday PubMatic announced a record fourth quarter and fiscal year end with 2023 financial results. And a board of directors decision to expand share repurchase program by $100
Million.(4)
4. TransMedics Group, Inc. (TMDX): +26.06% 🛫
The stock price of TMDX surged to $95.00 premarket. Representing a substantial increase of 26.06% from its last close at $77.74.
Overall, the company’s revenue projections offer a positive outlook. Analysts expect growth from $68.51M for the December 2023 to $74.66M in the March 2024. The revenue forecast a
significant jump to $330.23M for the 2024.(5)
The company's future looks bright, with revenue expected to grow significantly, suggesting they'll play a bigger role in the medical tech field.
5. Surf Air Mobility Inc. (SRFM): +25.47% 🌊
There is no apparent news or announcement that could’ve contributed to this significant premarket move for SRFM. However, the overall
financial outlook highlights Surf Air Mobility's dynamic position in the market, influenced by the market’s sentiment and the company's growth prospects. This suggests the market is feeling positive about the company's future and its potential to bring in more sales.
And that’s all for today.
Watch out for these five premarket movers that could make or break your day.
Remember, planning ahead is the secret to winning in the
market.
Read Full Report Now!
To your success,
Max Masters
Co-founder, Market Tips Newsletter
Source 1: https://bit.ly/49ziqzd
Source 2:
https://www.tradingview.com/news/mtnewswires.com:20240220:A3082027:0/
Source 3: https://finance.yahoo.com/news/pubmatic-inc-pubm-reports-robust-213457093.html
Source 4: https://www.globenewswire.com/news-release/2024/02/26/2835499/0/en/PubMatic-Announces-Record-Fourth-Quarter-and-Fiscal-Year-Ended-2023-Financial-Results-Board-of-Directors-Expands-Share-Repurchase-Program-by-100-Million.html
Source 5: https://finance.yahoo.com/quote/TMDX/analysis/
