The Country Caller takes a close look at the top pre-market gainers today
Skullcandy Inc (NASDAQ:SKUL), Direxion Shares Exchange Traded Fund Trust (NYSEARCA:JNUG), LendingClub Corporation (NYSE:LC), and Hydrogenics Corporation (USA) (NASDAQ:HYGS) are the top pre-market gainers today. The Country Caller takes a close look at the possible reasons for price hike.
Skullcandy Inc (SKUL) stock was up by 17.05% to $4.6 in the pre-market trading session today. The company has recently announced that it is the official audio partnership of The Berrics. There is no analyst coverage currently available on the stock.
Direxion Shares ETF Trust (JNUG) stock was up by 8.54% to $159.99 in the pre-market trading session today. The ETF mainly deals in gold, while gold prices have also suppressed by almost 8% in May. FED’s upcoming policy will have a profound impact on the company stock. Gold investors are bullish on the commodity after Yellen’s speech.
LendingClub Corp. (LC) stock was up by 6.83% to $4.69 in the pre-market trading session today. The company has delayed its shareholders meeting, which is the reason for BTIG to be bullish on the stock, with an indicative TP of $9. BTIG feels that the company’s ongoing deal talks with Citigroup will prove to be helpful in improving the financial position.
Hydrogenics Corporation (HYGS) stock was up by 6.81% to $8 in the pre-market trading session today. The company announced today that it has entered into a partnership with SinoHytec for the delivery of fuel cells in China. The contract, approximately worth $13.5 million, is about the installation of power systems in Chinese buses and truck models of various Chinese automotive manufacturers.