Why FedEx Shares Are Trading Higher By Around 9%; Here Are 20 Stocks Moving Premarket
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 20 2024
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Source: Benzinga
FedEx Corporation Performance: FedEx shares surged 8.7% in pre-market trading after reporting stronger-than-expected second-quarter results and announcing plans for a full separation of FedEx Freight into a new publicly traded company.
Stock Movements: Several stocks experienced significant pre-market movements, with Aptose Biosciences gaining 80.5% and Molecular Templates tumbling 49.5% following various company announcements and market reactions.
Analyst Views on MOBX
About MOBX
Mobix Labs, Inc. designs, develops and sells components and systems for advanced wireless and wired connectivity, radio frequency (RF), switching and electromagnetic interference (EMI) filtering technologies. The Company's solutions are used in the consumer commercial, industrial, automotive, medical, aerospace, defense and other markets. The Company's wireless systems solutions include products for advanced RF and millimeter wave (mmWave) 5G communications, mmWave imaging, software defined radio and custom RF integrated circuits (ICs) targeting the commercial, industrial, and defense and aerospace sectors. Its interconnect products, including EMI filter inserts and filtered and non-filtered connectors, are designed for and are used in aerospace, military, defense and medical applications. Its True Xero active optical cables (AOCs) are designed to deliver fiber optic connectivity for a range of applications, including 5G infrastructure, autonomous vehicles and remote medical systems.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
