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The Most Volatile Stocks Premarket

See which businesses are making news before the bell.

Tesla – After the electric vehicle company revealed third-quarter earnings numbers that disappointed investors, its stock fell more than 7%. Lower than the $0.74 per share on $24.10 billion in revenue that analysts surveyed by LSEG had predicted, the company’s earnings came in at $0.66 per share on $23.35 billion in revenue.

Costco — The retailer of consumer electronics made a slight increase as a result of Goldman Sachs upgrading the company to a buy recommendation and highlighting the firm’s favourable value. Before the official start of Thursday’s trading session, shares were up more than 2.5%.

Netflix, a streaming service for entertainment, increased by about 13% after reporting its third-quarter earnings after the market closed on Wednesday. Its total number of new subscribers also exceeded expert expectations. A crackdown on password sharing and Netflix’s new advertising-supported tier helped the company attract 8.76 million additional members over the time. 5.49 million more subscriptions were anticipated in the quarter by the analysts surveyed by StreetAccount.

The stock of Zscaler, a cybersecurity business, increased by almost 2% in premarket trading after Jefferies upgraded the stock on Thursday, citing a more favourable growth forecast.

After Jefferies raised shares of the maker of cybersecurity software to a buy rating, CrowdStrike saw a 2% increase in price before the bell. The industry leadership of CrowdStrike and its capacity to benefit from long-term cloud tailwinds were key drivers of the upgrading.

First Solar — Shares of the renewable energy business increased by over 2% in premarket trade after JPMorgan upgraded it to overweight. The bank referred to First Solar’s most recent decline as an excellent entry time for investors.

Source (CNBC)

SourceCNBC
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