MRAI - Why Symbotic Shares Are Trading Higher By Around 22%; Here Are 20 Stocks Moving Premarket | Benzinga
Shares of Symbotic Inc. (NASDAQ: SYM) surged in pre-market trading after the company reported better-than-expected fourth-quarter sales results.
The company reported quarterly sales of $392.00 million which exceeded the analyst consensus estimate of $306.90 million. Symbotic reported quarterly losses of 8 cents per share, a 20% increase over losses of 10 cents per share from the same period last year, according to data from Benzinga Pro.
Keybanc maintained Symbotic with an Overweight and raised the price target from $50 to $63.
Symbotic shares gained 22% to $45.32 in pre-market trading
Here are some other stocks moving in pre-market trading.
Gainers
- TRACON Pharmaceuticals, Inc. (NASDAQ: TCON) shares rose 65.9% to $0.2878 in pre-market trading. TRACON Pharmaceuticals recently announced license of product development platform for $3 million upfront payment.
- LQR House Inc. (NASDAQ: LQR) shares surged 62.5% to $0.0980 in pre-market trading. LQR House repurchased 1,476,355 shares in its ongoing share buyback initiative.
- Mountain Crest Acquisition Corp. IV (NASDAQ: MCAF) shares rose 41.2% to $9.20 in pre-market trading after falling more than 12% on Monday.
- Marpai, Inc. (NASDAQ: MRAI) rose 27.5% to $1.16 in pre-market trading. Marpai Form 4 filing showed Eitan Yaron bought 100,000 shares at an average price ...