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The Most Volatile Stocks Before Market

Before the bell rings, take a look at the businesses making news:

— Monday.com Following Monday.com’s impressive quarter and optimistic outlook, the project management company’s shares surged by 10%. Monday.com revealed third-quarter revenue and earnings of $189.2 million, or 64 cents per share. On $182.5 million in revenue, analysts surveyed by FactSet projected 21 cents per share. Its $24.1 million operational income greatly above the $5.2 million average expectation. Estimates for sales and operating profits for the fourth quarter and the entire year were also exceeded.

Leading Sciences — The pharmaceutical company’s shares increased by 2% on Monday following the release of its second-quarter revenue report, which exceeded forecasts. FactSet reports that revenue was $37.1 million, above the consensus forecast of $27.1 million. It revealed a loss of 29 cents per share, in line with forecasts. The company’s CEO, Matt Gline, stated that the proceeds from the sale of Telavant to Roche for $7.25 billion will be “sufficient to fund our programmes through profitability.”

Tyson Foods: The food products firm saw a 3.3% decline in premarket trading following the release of its fiscal fourth-quarter revenue report, which was lower than anticipated. As per LSEG, the revenue generated by the corporation was $13.35 billion, which was less than the $13.71 billion estimated by analysts. The corporation declared its expectation for the upcoming year’s sales to be largely flat.

Boeing—Shares increased 3.25% following the news that Emirates Airlines would buy 95 Boeing aircraft for $52 billion.

HP Inc.: Citing “continuous advances in PC ecosystem,” Citi upgraded the stock to buy on Monday, causing it to rise by almost 2%.

TripAdvisor: Following Bernstein’s upgrading to outperform from market perform, shares of the online travel agency increased by 2.3%. The company announced that a number of significant obstacles, such as worries about meta-search burdening TripAdvisor, have disappeared.

Source (CNBC)

SourceCNBC
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