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Stock futures are clinging to the flatline in premarket action on Wednesday following a positive finish in the previous session.
Find out who were Wednesday’s top stock movers.
Ford’s Stock Surge
- Automaker Ford Motor Company’s shares soared over 6% after posting stronger-than-anticipated Q4 results and a promising outlook for 2024. Ford anticipates substantial adjusted EBIT and adjusted free cash flow for 2024. Additionally, the company announced a regular quarterly dividend of $0.15 per share and a supplemental dividend of $0.18 per share.
- Yum China saw a 14% climb following upbeat Q4 results and exciting announcements of a dividend increase and a significant buyback program.
- Enphase Energy’s shares surged by as much as 14% due to a positive projection for 2024. The company anticipates a rapid increase in global capacity and expressed optimism about improving margins on batteries throughout 2024.
Snap’s Stock Struggle
- Snap’s stock plummeted more than 32% following its Q4 earnings report, which revealed revenue and adjusted EBITDA below consensus estimates. The company provided guidance for the first quarter, but it fell short of analyst expectations.
