XLNX - 2 Strong Nasdaq Stocks Making Premarket Moves Higher Thursday
The stock market seemed to get itself back on a more even keel on Thursday morning, seeking to reach some level of stability following massive movements earlier in the week and throughout the month of January. As of 8:15 a.m. ET, futures on the Nasdaq Composite (NASDAQINDEX: ^IXIC) were up a bit more than half a percent, leading other major market benchmarks higher.
This has been a busy week for companies releasing earnings, and a couple of Nasdaq-listed stocks made big moves higher as they told investors about how the last few months have gone. Two of the biggest gainers were Xilinx (NASDAQ: XLNX) and Seagate Technology (NASDAQ: STX) , both of which have strong ties to the tech industry . Below, you'll find out what each of those two companies said and why shareholders are celebrating.
Shares of Xilinx were up more than 6% in premarket trading Thursday morning. The maker of field programmable gate arrays and other semiconductor chips enjoyed strong results and also had good news on its potential acquisition.
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2 Strong Nasdaq Stocks Making Premarket Moves Higher Thursday