MVST - Hot Stocks: MU LULU BNTX rally on financial figures; MVST drops
Earnings news provided a key catalyst for Wednesday's pre-market trading. Micron (NASDAQ:MU) and Lululemon (LULU) both rallied following the release of strong quarterly results. BioNTech (BNTX) also saw buying interest as sales of its COVID vaccine fueled a massive surge in quarterly revenue. Financial figures prompted the opposite response in Microvast (MVST). Shares dropped after its loss widened significantly from last year. Gainers Micron (MU) advanced in pre-market trading, as investors cheered the company's latest quarterly results. The maker of computer memory and data storage products reported a Q2 profit that topped expectations, with revenue that rose 25% from last year to reach $7.79B. Looking ahead, the company predicted Q3 revenue of $8.7B, above the $8.16B that analysts were predicting. MU also projected a quarterly profit of $2.46 per share, compared to the $2.25 per share that experts had forecast. Bolstered by the earnings news, MU climbed 4% in pre-market
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Hot Stocks: MU, LULU, BNTX rally on financial figures; MVST drops