Why is Endeavor Group (EDR) Stock Up in Pre-Market Trading?

Endeavor Group holdings Inc (EDR) saw a pre-market boost of 4.89% on Monday morning which placed the stock at $25.1. However, EDR's short-term technical score of 23 indicates that the stock has been trading less bullishly over the past month than 77% of stocks on the market. Meanwhile, EDR's Long-Term Technical rank of 81 means trading over the last 200 trading days has placed the company in the upper half of stocks with 19% of the market scoring higher.

Unfortunately, we do not have much intel about why EDR's stock rose as other news sources remain silent. Nevertheless, hedge funds such as Morgan Stanley, Vanguard Group, and Millennium Management have recently bought and sold shares of EDR. The company has also announced that its earnings on 5/11/2023 will be released. Lastly, We know the company has an average analyst recommendation of "Strong Buy" and an average price target of $30.91.

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