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Why The Trade Desk Shares Are Trading Higher By Around 19%; Here Are 20 Stocks Moving Premarket

Published 16/02/2024, 13:09
© Reuters.  Why The Trade Desk Shares Are Trading Higher By Around 19%; Here Are 20 Stocks Moving Premarket

Benzinga - by Avi Kapoor, Benzinga Staff Writer.

Shares of The Trade Desk, Inc. (NASDAQ: TTD) shares rose sharply 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. The company reported quarterly sales of $605.8 million, beating the analyst consensus estimate of $582.17 million.

The company also announced that its board of directors approved an additional $647 million under its share repurchase program.

Trade Desk shares jumped 19% to $90.11 in pre-market trading

Here are some other stocks moving in pre-market trading.

Gainers

  • Tarena International, Inc. (NASDAQ: TCTM) gained 229% to $3.62 in pre-market trading after gaining around 12% on Thursday.
  • Ambow Education Holding Ltd. (NYSE: AMBO) shares jumped 203.6% to $0.4190 in pre-market trading after surging more than 15% on Thursday.
  • Lichen China Limited (NASDAQ: LICN) shares rose 124% to $2.63 in pre-market trading. Lichen China filed for mixed shelf of up to $100 million.
  • Tantech Holdings Ltd (NASDAQ: TANH) shares surged 80.7% to $1.57 in pre-market trading after jumping 16% on Thursday.
  • Wah Fu Education Group Limited (NASDAQ: WAFU) gained 54.7% to $3.45 in pre-market trading after surging 15% on Thursday.
  • Boqii Holding Limited (NYSE: BQ) shares rose 24.2% to $0.36 in pre-market trading after falling around 5% on Thursday.
  • Netcapital Inc. (NASDAQ: NCPL) shares gained 21% to $0.1875 in pre-market trading after gaining around 7% on Thursday.
  • Applied Materials, Inc. (NASDAQ: AMAT) gained 12.9% to $211.89 in pre-market trading after the company reported better-than-expected first-quarter financial results and issued second-quarter guidance.
  • Coinbase Global, Inc. (NASDAQ: 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.
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Losers
  • CLPS Incorporation (NASDAQ: CLPS) shares dipped 60% to $0.4080 in pre-market trading after gaining over 10% on Thursday.
  • MultiSensor AI Holdings, Inc. (NASDAQ: MSAI) shares fell 18% to $2.88 in pre-market trading after jumping over 68% on Thursday.
  • Semper Paratus Acquisition Corporation (NASDAQ: TVGN) shares declined 18% to $8.20 in pre-market trading after surging 119% on Thursday. Tevogen Bio announced a $8 million equity investment.
  • CURO Group Holdings Corp. (NYSE: CURO) fell 18% to $0.2050 in pre-market trading after gaining 26% on Thursday.
  • Bloom Energy Corporation (NYSE: 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. (NASDAQ: 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. (NASDAQ: ROKU) shares fell 16% to $79.41 in pre-market trading after the company reported fourth-quarter financial results.
  • LM Funding America, Inc. (NASDAQ: LMFA) shares declined 14.6% to $0.5033 in pre-market trading after gaining 14% on Thursday.
  • Yelp Inc. (NYSE: 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. (NASDAQ: DBX) shares fell 9.6% to $29.43 in pre-market trading after reporting fourth-quarter results.

Now Read This: Coinbase, PPL And 3 Stocks To Watch Heading Into Friday

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