The market was a cauldron today. Meta Platforms, Inc., affectionately known by many as Meta, decided to stir the pot with an almighty bullish surge. Shares of Meta rose a sky-high 16.5% to $460.02 in pre-market trading. How high can it go, and more importantly, what’s fueling this meteoric ascent?
Well, the company reported a robust fourth quarter of financial results, injecting rocket fuel into its stock. But Meta didn’t stop there. No sir. They also decided to initiate an enticing quarterly dividend of 50 cents per share, showing shareholders some serious love. Plus, it chucked in a bonus of a $50 billion increase to its share repurchase authorization.
The Street is watching wide-eyed as Meta goes from strength to strength. It’s like watching a hot air balloon drifting ever higher into the blue.
But enough about Meta. What about the other stocks roiling the waters in pre-market trading?
Gainers
- CCSC Technology International Holdings Limited jumped an eye-popping 55.1% to $6.05 after a heart-stopping 82% dip on Thursday. Talk about a rollercoaster of emotions!
- Trugolf, Inc. ricocheted back with a 33.1% leap to $1.77 after tumbling 55% on Thursday. It felt like watching a ping-pong ball in a wind tunnel.
- Roma Green Finance Limited shot up 25.2% to $0.94 after a modest 5% climb on Thursday. It’s like watching a small plant suddenly bloom into a towering tree.
- Jiuzi Holdings, Inc. sprinted ahead with a brisk 20% gain to $0.84. It’s like a sprinter hitting the finishing line with gusto.
- C3is Inc. surged 18.8% to $0.1625 in pre-market trading. S.H.N. Financial recently reported a 9.1% stake in the company. It’s as if a hidden gem was finally unearthed.
- Minim, Inc. picked up steam, rising 18.7% to $5.97 in pre-market trading after a 22% surge on Thursday. It’s like an unstoppable train gathering speed.
- Akso Health Group powered up with a 13.7% gain to $2.55 in pre-market trading after a jaw-dropping 35% jump on Thursday. It’s like a superhero coming to the rescue.
- The Clorox Company cheered the market with an 8.1% gain to $159.99 in pre-market trading. The company reported better-than-expected second-quarter financial results and raised FY24 adjusted EPS guidance. It’s like the underdog pulling off an unexpected victory.
- Amazon.com, Inc. soared 6.3% to $169.31 in pre-market trading after reporting stronger-than-expected fourth-quarter results. With first-quarter revenue estimated between $138 billion and $143.5 billion, it looks like Amazon’s rocket ship is ready for takeoff.
Losers
- AgriFORCE Growing Systems Ltd. wilted 17.7% to $0.3236 in pre-market trading. But only after Thursday’s notice of allowance for U.S. patent application escalated its growth.
- Kiora Pharmaceuticals, Inc. stumbled 14.4% to $0.7280 in pre-market trading after announcing a private placement of up to roughly $45 million. It’s like tripping on the heels of a runway model.
- GRI Bio, Inc. sank 13.9% to $1.68 after a more than 20% surge on Thursday. It’s like a gust of wind suddenly dying down.
- Charles & Colvard, Ltd. plummeted 13.2% to $0.35 in pre-market trading. It felt like dropping a penny down a bottomless well.
- Skechers U.S.A., Inc. stumbled 10.9% to $56.65 in pre-market trading after reporting mixed fourth-quarter financial results. It’s like stubbing a toe on the edge of the bed.
- Cingulate Inc. tumbled 10.7% to $3.00 in pre-market trading. Cingulate named Jennifer Callahan as CFO, succeeding Lou Van Horn. It’s like spinning plates while riding a unicycle.
- QuantaSing Group Limited fell 8.4% to $3.70 in pre-market trading. It’s like watching a kite suddenly lose its tether.
- Jerash Holdings (US), Inc. slipped 7.7% to $2.85 in pre-market trading. Jerash is expected to release its financial results for fiscal 2024 third quarter on Feb. 8, 2024. It’s like watching a marathon runner tripping just before the finish line.
- Revelation Biosciences, Inc. descended 7.6% to $2.94 in pre-market trading after the pricing of a $6.2 million offering. It’s like waiting for a bubble to burst.
- Apple Inc. dipped 2.5% to $182.18 in pre-market trading after reporting better-than-expected earnings and revenue for its first quarter. However, the company reported a revenue decline in China. Like biting into an apple and tasting something sour.
Now Read This: Amazon, Apple And 3 Stocks To Watch Heading Into Friday