why did wolfspeed shares go up?

wolfspeed shares went up because the company told people how much money they made and how much they lost. People were surprised, and they thought the company would do better than what they said. So, they bought more of the company's shares, and the price went up by around 8%.

other companies' shares also moved up or down, like staffing 360 solutions and mobix labs. Sometimes shares go down if people are not happy with the company's news or if the company did not do as well as people thought. Read from source...

1. Inconsistent: Wolfspeed reported losses, yet shares trading higher.
2. Biased: The article focuses on only a few selected stocks moving in the pre-market, ignoring many others.
3. Irrational arguments: Higher pre-market trading for Wolfspeed shares despite missing consensus estimates, no clear reason given.
4. Emotional behavior: The author seems to be over-excited about stocks moving in the pre-market, using exaggerated language to describe movements.

Positive

AI recognizes that Wolfspeed's shares are trading higher by around 8% and acknowledges the positive sentiment associated with it. AI further analyzes the story and identifies 20 other stocks moving premarket, some of which are experiencing gains while others are facing losses. However, the overall sentiment in the article is positive due to the increase in Wolfspeed's shares.

1. Wolfspeed (WOLF) - shares gained 8.2% to $14.62 in pre-market trading after the company reported its fourth-quarter financial results. Wolfspeed reported quarterly losses of 89 cents per share, missing the consensus estimate of losses of 84 cents per share, and revenue of $200.7 million for the quarter, also missing the Street estimate. Fiscal-year losses of $2.59 per share and full-year revenue of $807.2 million both missed the analyst consensus estimates, as well.

2. Staffing 360 Solutions (STAF) - rose 113.5% to $2.52 in today's pre-market trading after dipping around 15% on Wednesday.

3. Mobix Labs (MOBX) - gained 90.8% to $1.68 in pre-market trading after reporting results for the third quarter.

4. Beneficient (BENF) - gained 37.5% to $3.18 in pre-market trading.

5. Guardion Health Sciences (GHSI) - shares rose 28% to $11.58 in pre-market trading after the company announced its declared a $5 per share dividend.

6. GD Culture Group Limited (GDC) - gained 22.2% to $4.79 in pre-market trading. GD Culture Group shares jumped 128% on Wednesday after the company announced that it launched its TikTok account.

7. Roma Green Finance (ROMA) - gained 15.5% to $0.59 in pre-market trading after declining over 10% on Wednesday.

8. Kindly MD Inc (KDLY) - gained 13.8% to $1.97 in pre-market trading.

9. Quantum Corporation (QMCO) - gained 13.1% to $0.2488 in pre-market trading.

10. Clover Health Investments (CLOV) - climbed 8.6% to $3.80 in pre-market trading after jumping 13% on Wednesday.

Risks:
- Revelation Biosciences (REVB) shares fell 30.6% to $1.45 in pre-market trading after the company announced exercise of warrants for $3.8 million in gross proceeds.
- Virax Biolabs (VRAX) shares declined 20.5% to $5.09 in pre-market trading after the company announced a $5 million registered direct offering of 1,108,892 common shares at $4.50/ share.
- Notable Labs (NTBL) declined 18.2% to $0.4664 in pre-market trading. The company announced progress for its Phase 2 volasertib program.
- Galmed Pharmaceuticals (GLMD) fell 17.4% to $0.3550 in today's