Shares of The Trade Desk, Inc. TTD experienced a sharp rise in today’s pre-market trading after the company reported mixed fourth-quarter financial results.
The Trade Desk reported quarterly earnings of 41 cents per share which missed the analyst consensus estimate of 43 cents. However, the company reported quarterly sales of $605.8 million, beating the analyst consensus estimate of $582.17 million.
Additionally, the company’s board of directors approved an additional $647 million under its share repurchase program.
As a result, Trade Desk shares surged 19% to $90.11 in pre-market trading, reflecting a strong show of support from investors.
The positive movement didn’t stop there, here are some other stocks also on the move in pre-market trading.
Rising Stocks
- Tarena International, Inc. TCTM gained 229% to $3.62 in pre-market trading after a 12% gain on Thursday.
- Ambow Education Holding Ltd. AMBO shares jumped 203.6% to $0.4190 in pre-market trading following a 15% surge on Thursday.
- Lichen China Limited LICN shares rose 124% to $2.63 in pre-market trading. Lichen China filed for a mixed shelf of up to $100 million.
- Tantech Holdings Ltd TANH shares surged 80.7% to $1.57 in pre-market trading after a 16% increase on Thursday.
- Wah Fu Education Group Limited WAFU gained 54.7% to $3.45 in pre-market trading following a 15% surge on Thursday.
- Boqii Holding Limited BQ shares rose 24.2% to $0.36 in pre-market trading after a 5% decline on Thursday.
- Netcapital Inc. NCPL shares gained 21% to $0.1875 in pre-market trading following a 7% gain on Thursday.
- Applied Materials, Inc. AMAT gained 12.9% to $211.89 in pre-market trading after reporting better-than-expected first-quarter financial results and issuing second-quarter guidance.
- Coinbase Global, Inc. COIN shares rose 12.6% to $186.50 in pre-market trading as the company reported better-than-expected financial results for its fourth quarter on Thursday.
Falling Stocks
- CLPS Incorporation CLPS shares dipped 60% to $0.4080 in pre-market trading after a 10% gain on Thursday.
- MultiSensor AI Holdings, Inc. MSAI shares fell 18% to $2.88 in pre-market trading after a 68% jump on Thursday.
- Semper Paratus Acquisition Corporation TVGN shares declined 18% to $8.20 in pre-market trading after a 119% surge on Thursday. Tevogen Bio announced a $8 million equity investment.
- CURO Group Holdings Corp. CURO fell 18% to $0.2050 in pre-market trading after a 26% gain on Thursday.
- Bloom Energy Corporation BE shares fell 17.2% to $9.91 in pre-market trading after the company reported worse-than-expected fourth-quarter financial results.
- Inventiva S.A. IVA shares tumbled 16.6% to $3.32 in pre-market trading after the company reported preliminary 2023 fiscal year financial results and issued an update on its clinical trial NATiV3.
- Roku, Inc. ROKU shares fell 16% to $79.41 in pre-market trading after the company reported fourth-quarter financial results.
- LM Funding America, Inc. LMFA shares declined 14.6% to $0.5033 in pre-market trading after gaining 14% on Thursday.
- Yelp Inc. YELP dipped 11.2% to $39.44 in pre-market trading after the company reported mixed fourth-quarter financial results. Yelp also announced its board of directors authorized a $500 million increase to its share repurchase program.
- Dropbox, Inc. DBX shares fell 9.6% to $29.43 in pre-market trading after reporting fourth-quarter results.
Finally, investors are keeping a close eye on these market movements, as today’s activity sheds light on which companies are captivating the market’s attention.
