Gainers
Casa Systems, Inc. (NASDAQ: CASA) shares climbed 66.3% to $6.47 after the company announced a multi-year contract with Verizon to provide 5G core network functions.
Camber Energy Inc (NASDAQ: CEI) shares are trading higher by 18.39% at $1.03. Oil and energy companies are trading higher as oil prices gain. Libya production outages and the Russia-Ukraine conflict have driven prices higher due supply concerns.
Gainers
Mullen Automotive, Inc. (NASDAQ: MULN) shares rose 16.2% to $2.51 in pre-market trading. Mullen Automotive announced plans to begin construction for EV battery pack production at high voltage R&D facility in Monrovia, California.
Camber Energy Inc (AMEX: CEI) was trading slightly higher in the premarket on Thursday after soaring almost 20% intraday on Wednesday amid a spike in crude oil prices.
Shares of oil, energy and oil services companies, including Camber Energy Inc (NASDAQ: CEI), are trading higher as oil prices gain. While the International Energy Agency reported a larger-than-expected build in US crude inventories, supply constraints continue to drive prices higher.
March is great for many reasons between St. Patrick’s Day, the weather warming up and spring break. But, more than anything else, March means it’s bracket time.