Markets, Crypto & Tech News for Traders
Markets, Crypto & Tech News for Traders
Enovix shares dropped on Friday following the release of the company’s third-quarter earnings report. Investors reacted to a larger quarterly loss, workforce reductions, and the termination of smartphone battery testing, which overshadowed higher revenue and increased customer demand.
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Shares of Vir Biotechnology dropped in premarket trading on Friday. The decline followed the biopharmaceutical company’s announcement of a major public stock offering. Investors are reacting to concerns that the new equity sale will dilute the value of existing shares.
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Shares of VirTra rose during premarket trading following the release of stronger-than-expected financial results for the third quarter. The firearms training simulator provider attributed its revenue growth and return to profitability largely to increased international and government sales.
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