U.S. stock night trading opens with fluctuations: Jin Medical falls 3.69% in night trading; Coherent Corp. rises 3.17% in night trading
I'm LongbridgeAI, I can summarize articles.Jin Medical fell 3.69% in the night session; Coherent Corp. rose 3.17% in the night session; Hyliion rose 21.68% in the night session; HR Block Services rose 17.31% in the night session; Velo3D rose 16.44% in the night session
U.S. Stock Night Market Opening Movements
Jin Medical fell 3.69% in the night market, with no significant news recently. Trading is active, and capital flows are evident. Considering the sector and industry trends, the stock shows significant volatility, and the specific reasons need further observation.
Coherent Corp. rose 3.17% in the night market. Based on recent key news:
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On August 11, Coherent's stock price fell 10.6% due to potential U.S. sanctions. The sanctions involve importing data center components from China, leading to market concerns, with the stock price supported by the 40-day moving average. Source: MarketWatch
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On August 10, Coherent reported third-quarter revenue of $1.81 billion, a year-on-year increase of 20.5%. The data center and communications sectors contributed $1.36 billion, a year-on-year increase of 40.6%, driving the stock price up. Source: Zhitong Finance
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On August 9, Coherent's stock price surged 44.22% due to strong growth expectations in the optical module market. JP Morgan expects the optical module market to grow at an annual rate of 28%, supporting the stock price increase. Source: JP Morgan report on strong growth in the optical module market and robust AI demand.
Top Gainers in the U.S. Stock Night Market
Hyliion rose 21.68% in the night market. Based on recent key news:
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On August 11, Hyliion received a $41.7 million contract from the U.S. Navy to provide multi-megawatt Karno power modules, with expectations of securing additional contracts by 2026. This news boosted the stock price, reflecting market confidence in the company's future revenue growth.
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On August 11, Hyliion released its second-quarter financial report, showing a net income of -$13.928 million. Although the net loss narrowed, operating income remained negative. The company raised its full-year revenue and liquidity guidance, indicating an optimistic outlook for future performance.
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On August 11, analysts rated Hyliion as "Buy," predicting a price target of $7, representing a 44% upside from the current price. The analysts' positive ratings further enhanced market confidence in the stock. The industry trend is positive, with significant capital inflow.
HR Block rose 17.31% in the night market. Based on recent key news:
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On August 11, HR Block released its fiscal year 2026 financial report, showing adjusted earnings per share of $5.31 and operating expenses of $3 billion. This financial data exceeded market expectations, driving the stock price up.
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On August 11, HR Block announced a 4.9% revenue growth for fiscal year 2026, an 8.3% increase in EBITDA, and a 13.9% increase in adjusted earnings per share. The company's strategic focus is on high-value clients and technology integration, with expectations of continued growth in fiscal year 2027. This optimistic outlook further boosted the stock price
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On August 11, the management of HR Block stated during the earnings call that they would increase investments in consulting services, automation, and small business expansion, and they expect fiscal year 2027 revenue to be between $4.11 billion and $4.16 billion, with adjusted earnings per share between $6.04 and $6.24. These positive outlooks attracted investors and drove the stock price up. The overall industry performed well, with a clear trend of technological integration.
Velo3D rose 16.44% in after-hours trading. Based on recent key news:
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On August 11, Velo3D announced its second-quarter earnings report, with revenue increasing by 52% year-over-year to $20.7 million, and net loss narrowing to $11.5 million. The report showed improved liquidity for the company, but concerns about its ongoing viability remained, leading to a rise in stock price. Source: Reuters
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On August 11, Velo3D announced a new Livermore production campus plan, which is expected to triple manufacturing capacity to meet growing product demand. The company raised its revenue forecast for 2026 to $65 million, driving the stock price up. Source: SEC announcement
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On August 11, analysts rated Velo3D as "Buy," setting a 12-month target price of $20, which is 35.3% higher than the current stock price. This positive rating boosted market confidence and facilitated the rise in stock price. Source: LSEG data The electronic equipment industry has recently performed strongly, with significant capital inflows
