Why Aspen Aerogels Shares Are Trading Higher By 26%; Here Are 20 Stocks Moving Premarket

Author: Avi Kapoor | May 02, 2024 05:43am

Shares of Aspen Aerogels, Inc. (NYSE:ASPN) rose sharply in today's pre-market trading after the company reported better-than-expected first-quarter financial results.

Aspen Aerogels posted a GAAP loss of 2 cents per share, compared to market expectations for a loss of 11 cents per share. The company's quarterly sales came in at $94.501 million versus estimates of $75.004 million, according to data from Benzinga Pro.

Aspen Aerogels shares jumped 26.2% to $19.21 in pre-market trading.

Here are some other stocks moving in pre-market trading.

Gainers

Emergent BioSolutions Inc. (NYSE:EBS) gained 72.1% to $3.32 in pre-market trading after the company announced operational changes to stabilize its financial position and reported first-quarter financial results.
Aptevo Therapeutics Inc. (NASDAQ:APVO) gained 38.5% to $1.33 in pre-market trading after jumping around 35% on Wednesday.
Carvana Co. (NYSE:CVNA) rose 34.8% to $117.46 in today's pre-market trading after the company announced upbeat quarterly results.
Enovix Corporation (NASDAQ:ENVX) jumped 21.4% to $7.90 in pre-market trading after the company reported mixed first-quarter financial results.
Ondas Holdings Inc. (NASDAQ:ONDS) shares gained 16.5% to $0.97 in pre-market trading.
Butterfly Network, Inc. (NYSE:BFLY) shares gained 15.6% to $0.9101 in pre-market trading after the company reported better-than-expected first-quarter financial results.
Rent the Runway, Inc. (NASDAQ:RENT) shares rose 14.2% to $14.14 in pre-market trading after surging 22% on Wednesday.
Prime Medicine Inc (NASDAQ:PRME) shares gained 13.8% to $6.00 in pre-market trading after gaining 7% on Wednesday.
Rush Street Interactive, Inc. (NYSE:RSI) shares rose 12.6% to $7.23 in pre-market trading after the company reported better-than-expected first-quarter financial results and issued FY24 revenue guidance above estimates.

Losers

Fastly, Inc. (NYSE:FSLY) fell 31.8% to $8.82 in pre-market trading after the company reported first-quarter financial results. The company said it expects second-quarter revenue in a range of $130 million and $134 million, versus the $140.16 million analyst estimate.
Freshworks Inc. (NASDAQ:FRSH) shares declined 28.6% to $13.02 in pre-market trading after the company reported first-quarter financial results and announced a CEO transition. Baird analyst Rob Oliver downgraded Freshworks from Outperform to Neutral and lowered the price target from $28 to $16.
CytomX Therapeutics, Inc. (NASDAQ:CTMX) fell 17.4% to $4.24 in pre-market trading. CytomX Therapeutics shares jumped 215% on Wednesday after the company announced that it will report first-quarter 2024 results and provide an initial CX-904 Phase 1a dose escalation update on May 8, 2024.
Remitly Global Inc (NASDAQ:RELY) shares fell 16.7% to $14.58 in pre-market trading after the company reported mixed first-quarter financial results.
Etsy, Inc. (NASDAQ:ETSY) shares fell 13.2% to $60.45 in pre-market trading after the company reported worse-than-expected first-quarter financial results.
DoorDash, Inc. (NASDAQ:DASH) fell 12.5% to $111.50 pre-market trading after the company reported mixed first-quarter financial results.
IM Cannabis Corp. (NASDAQ:IMCC) shares declined 11.2% to $0.9858 in pre-market trading after gaining around 29% on Wednesday.
Qorvo, Inc. (NASDAQ:QRVO) shares fell 10.6% to $100.00 in pre-market trading following weak first-quarter guidance.
Visionary Holdings Inc (NASDAQ:GV) shares declined 11.8% to $0.20 in pre-market trading after falling 6% on Wednesday.
Zillow Group, Inc. (NASDAQ:Z) fell 6.5% to $39.19 pre-market trading after the company reported its first-quarter financial results.