PRFX - Why Broadcom Shares Are Trading Higher By Over 13%; Here Are 20 Stocks Moving Premarket | Benzinga
Shares of Broadcom Inc. (NASDAQ:AVGO) rose sharply in today's pre-market trading after the company posted stronger-than-expected results for its second quarter.
The company declared a quarterly dividend of $5.25 per share and also announced a 10-for-1 forward stock split. Broadcom boosted its fiscal year 2024 revenue guidance to approximately $51 billion, up from approximately $50 billion.
Broadcom shares surged 13.5% to $1,698.20 in the pre-market trading session.
Here are some other stocks moving in pre-market trading.
Gainers
- Neo-Concept International Group Holdings Limited (NASDAQ:NCI) rose 79.3% to $1.17 in pre-market trading.
- Fangdd Network Group Ltd. (NASDAQ:DUO) shares rose 36.9% to $0.8350 in pre-market trading after surging 5% on Wednesday.
- Grupo Supervielle S.A. (NYSE:SUPV) gained 22.7% to $8.05 in pre-market trading after rising 6% on Wednesday.
- Molecular Partners AG (NASDAQ:MOLN) gained 22.1% to $7.08 in pre-market trading after gaining 16% on Wednesday. Molecular Partners recently announced the debut of their lead Raido-DARPin therapy candidate MP0712, ...