Why VF Corp Shares Are Trading Higher By Around 21%; Here Are 20 Stocks Moving Premarket
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 29 2024
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Source: Benzinga
V.F. Corporation Financial Results: V.F. Corporation's shares surged 21.4% in pre-market trading after reporting second-quarter revenue of $2.8 billion and earnings of 60 cents per share, both exceeding analyst expectations.
Stock Movements: Several stocks experienced significant movements in pre-market trading, with Shuttle Pharmaceuticals gaining 68.2% and Hanryu Holdings dropping 40.4%, reflecting a mix of positive and negative financial news across various companies.
Analyst Views on VEEA
About VEEA
Veea Inc. is engaged in the development of advanced networking, wireless and computing technologies. The Company has unified computing, communications, edge storage and cybersecurity solutions through fully integrated cloud- and edge-managed products. The Company’s Multiaccess Edge Computing (MEC) product, developed from the ground up in several compact form factors, brings together the functionality typically provided for through any combination of servers, network attached storage (NAS) devices, routers, firewalls, Wi-Fi APs, IoT gateways, 4G or 5G wireless access, and Cloud Computing by means of multiple hardware, software and systems integrated and maintained by IT/OT professionals. Veea Edge Platform is a cloud-managed full-stack platform designed to manage multivendor heterogeneous devices with a Linux server hosting VeeaWare stack to enable compute capabilities with any combination of GPUs, TPUs, and NPUs on a networking and computing mesh.
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.
