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Shares of Greenland Technologies Holding Corporation rose sharply in today's pre-market trading after the company reported better-than-expected second-quarter EPS results.
Greenland Technologies reported quarterly earnings of 34 cents per share which beat the analyst consensus estimate of 4 cents per share. The company reported quarterly sales of $23.017 million which missed the analyst consensus estimate of $27.000 million.
Greenland Technologies shares jumped 40.2% to $2.25 in pre-market trading.
Here are some other stocks moving in pre-market trading.
Gainers
Losers
Now Read This:
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Pre-market stock movers are worth checking out on Thursday morning as we dive into all of the hottest news today!
Moving stocks this morning are a merger update, earnings reports, a fraud investigation and more.
Let’s get into that news below!
Biggest Pre-Market Stock Movers: 10 Top Gainers
10 Top Losers
On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
More from InvestorPlace
Shares of Lumentum Holdings Inc. rose sharply during Thursday's session after the company reported better-than-expected fourth-quarter financial results and issued strong first-quarter revenue guidance.
The company reported quarterly earnings of 6 cents per share which beat the analyst consensus estimate of 3 cents per share.
Lumentum Holdings shares jumped 16.4% to $52.99 in pre-market trading.
Here are some other stocks moving in pre-market trading.
Gainers
Losers
Now Read This:
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
U.S. stocks traded higher this morning, with the Nasdaq Composite gaining more than 200 points on Tuesday.
The Dow traded up 0.47% to 39,542.44 while the NASDAQ rose 1.24% to 16,989.15. The S&P 500 also rose, gaining, 0.83% to 5,388.59.
Leading and Lagging Sectors
Information technology shares climbed by 1.4% on Tuesday.
In trading on Tuesday, energy shares fell 0.8%.
Top Headline
U.S. producer prices rose 0.1% month-over-month in July compared to a 0.2% increase in June and versus market expectations of 0.2%.
Equities Trading UP
Equities Trading DOWN
Commodities
In commodity news, oil traded down 0.8% to $79.32 while gold traded up 0.2% at $2,509.60.
Silver traded down 1.1% to $27.70 on Tuesday, while copper fell 0.8% to $4.0340.
Euro zone
European shares were mostly higher today. The eurozone's STOXX 600 rose 0.2%, Germany's DAX rose 0.2% and France's CAC 40 fell 0.1%. Spain's IBEX 35 Index rose 0.4%, while London's FTSE 100 rose 0.2%.
Asia Pacific Markets
Asian markets closed mostly higher on Tuesday, with Japan's Nikkei 225 jumping 3.45%, Hong Kong's Hang Seng Index gaining 0.36%, China's Shanghai Composite Index gaining 0.34% and S&P BSE Sensex falling 0.87%.
Economics
U.S. producer prices rose 0.1% month-over-month in July compared to a 0.2% increase in June and versus market expectations of 0.2%.
Now Read This: Starbucks To Rally Around 43%? Here Are 10 Top Analyst Forecasts For Tuesday
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
SunPower stock is falling on Tuesday after the solar power company notified investors of a delisting notice from the Nasdaq Exchange.
Shares of SPWR stock are facing delisting due to the company’s bankruptcy filing last week. On top of that, the company’s late financial filing is another reason for the delisting notice.
SunPower won’t be appealing this decision and its shares will be delisted from the Nasdaq Exchange on Aug. 16, 2024. The company notes that this will result in its shares moving to the Pink Open Market operated by the OTC Markets Group, Inc.
What This Means for SPWR Stock
With this change, investors won’t be able to trade shares of SPWR stock as easily. The move to the OTC Market also reduces the company’s exposure and could make it more difficult for it to obtain funding.
However, that’s unlikely to be a problem for SunPower. The company is already planning to wind down operations with its bankruptcy. It has also lined up a buyer for its assets. All of this points toward the end of the company and justifies the delisting of SPWR stock.
SPWR stock is down 10.1% as of Tuesday morning. Traders will also note the stock was down 95.9% year-to-date when markets closed on Monday.
Investors will want to stick around for more of the most recent stock market news.
We have all of the hottest market happenings traders need to know about on Tuesday! That includes everything happening with shares of Syros Pharmaceuticals stock, CXApp stock and Vicinity Motor stock today. You can read up on all of this news at the links below!
More Stock Market News for Tuesday
On Penny Stocks and Low-Volume Stocks: With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That’s because these “penny stocks” are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that InvestorPlace.com’s writers disclose this fact and warn readers of the risks.
On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
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