Key Press Release Sends Small Cap Soaring Premarket

In the penny stock world, it’s not too often we dive into quarterly earnings or financial results, but sometimes we feel the need to make an exception when certain stocks start to really move due to said results, especially during premarket hours.

That’s exactly what happened this morning after a California-based financial company announced preliminary Q1 total revenue above prior estimates. This caused traders to become extremely optimistic about shares of Oportun Financial Corporation (Nasdaq:OPRT), as the current bid for the small cap is at $2.58/share (+14.67% implied open for sellers) at the time of writing. It should be an exciting session for this stock!

Oportun Financial Corp is engaged in providing financial services to people who either do not have a credit score or who may have a limited credit history. The company offers Personal Loans and Auto Loans to its customers. Its product offerings include small-dollar, unsecured installment loans and other products and services.

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