If you are interested to know about companies making huge stock price moves, then it is time to be with ProShares Bitcoin Strategy ETF. The particular ETF has experienced a 3.2% rise in the share prices in premarket trading. This is mainly because of the performance of Bitcoin (BTC) in the cryptocurrency market. Bitcoin has recently crossed its $60k per BTC benchmark for the second time again, only to hit an all-time high. This is truly remarkable for Bitcoin in terms of proving its true potential and gaining more attention in the mainstream sector.
Anthem comes next in the list, demonstrating that the insurance company is capable of experiencing high trends in terms of share prices. The data shows that the share prices of Anthem have experienced a 7.7% rise in premarket trading. The increase in the share prices was experienced after Anthem reported that the earnings it has generated in the third quarter of 2021 top analysts’ expectations. In the earnings report, Anthem has revealed it has generated earnings worth $6.79 per share. On the other hand, the estimations made by the analysts for earnings in the particular quarter were $6.37 per share. This shows that the insurance company has beaten expectations by 42 cents.
Similarly, the insurance company has revealed that the actual revenue it has generated is $35.55 billion against the $35.3 billion estimations made by the analysts.
Omnicom Group comes next on the list as it has experienced a drop in share prices. The data shows that the media company has experienced a 2.2% drop in share prices in premarket trading. The company has experienced an increase after revealing its earnings for the third quarter of 2021. In the report, the media company has shared its promising profit figures. The data shows that the analysts had made estimations of $1.37 per share in the form of profits for the company. Whereas, Omnicom has successfully generated profits that are $1.65 per share.
Despite beating profit estimations, the company was a little short versus the revenue estimations made by the analysts. According to the analyst estimations, the company was to generate $3.46 billion while it managed to generate $3.44 billion.
Then there is very bad news for the shareholders of Novavax. The data shows that the share prices of the drugmaker have plunged tremendously. The stock market stats reveal that a 14.7% drop has been observed in the share prices of the company in the premarket trading. This happened because of the recent report shared by the drugmaker in regards to its compliance with the regulatory requirements.
In the report, the drugmaker has revealed that it is having a hard time living up to the quality standards of the regulators when it comes to the vaccine for COVID.