Why Upstart Shares Are Trading Higher By Over 23%; Here Are 20 Stocks Moving Premarket
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 08 2024
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Source: Benzinga
Upstart Holdings Financial Results: Upstart Holdings, Inc. shares surged 23.1% in pre-market trading after reporting a smaller-than-expected loss of seven cents per share and quarterly revenue of $162.14 million, exceeding analyst estimates.
Market Movements: Several stocks experienced significant pre-market movements, with notable gainers including DevvStream Corp. (+370%) and Doximity, Inc. (+44.2%), while losers included ProPhase Labs, Inc. (-45.4%) and Evolent Health, Inc. (-33.6%).
Analyst Views on ATCH
About ATCH
AtlasClear Holdings, Inc. is a technology-enabled financial services company. The Company offers a fintech-driven business-to-business platform that is intended to support developments in fintech, investing, underwriting, and trading. It provides clients with pre-built suites designed to support various business models. The Company’s foreign exchange (FX) technology stack includes RubiconFX and AtlasFX. Its technology stack is designed to automate back and middle office processes that are traditionally manual and paper-based. AtlasFX is an order management and trading application designed for automated currency exchange operations. RubiconFX is designed to function as a proprietary foreign exchange product suite, incorporating FX price generation, liquidity aggregation, liquidity management, order management, and risk management capabilities. It offers a range of technical services, including trading, lending, portfolios, accounts, cash, transfers, regulations, and communications.
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.
