Why Pure Storage Shares Are Trading Higher By Over 10%; Here Are 20 Stocks Moving Premarket

Author: Avi Kapoor | May 30, 2024 08:10am

Shares of Pure Storage, Inc. (NYSE:PSTG) rose sharply in today's pre-market trading following better-than-expected first-quarter financial results.

Pure Storage reported quarterly earnings of 32 cents per share, which beat the analyst consensus estimate of 21 cents. Quarterly sales clocked in at $693.479 million, beating the analyst consensus estimate of $680.972 million, according to data from Benzinga Pro.

Pure Storage shares jumped 10.5% to $69.60 in the pre-market trading session.

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

Gainers

Smart for Life, Inc. (NASDAQ:SMFL) rose 60.5% to $6.27 in today's pre-market trading after gaining around 17% on Wednesday. Smart For Life completed restructuring program, enhancing financial stability.
Cue Health Inc. (NASDAQ:HLTH) shares gained 56.7% to $0.0860 in pre-market trading. Cue Health shares dipped around 40% on Wednesday after the company announced that it filed voluntary petitions under Chapter 7 of the U.S. Bankruptcy Code in the District of Delaware to pursue a wind down of its business.
Verb Technology Company, Inc. (NASDAQ:VERB) gained 31.1% to $0.2114 in pre-market trading after gaining 15% on Wednesday.
OneMedNet Corporation (NASDAQ:ONMD) gained 28.7% to $2.51 in pre-market trading after the company announced that it has entered into a non-exclusive three-year Master Services Agreement with an undisclosed U.S.-based medical technology company.
Cheche Group Inc. (NASDAQ:CCG) shares rose 26.4% to $1.82 in pre-market trading after gaining 8% on Wednesday. Cheche Group is expected to host a conference call to discuss first quarter 2024 results on Thursday, May 30.
Kintara Therapeutics, Inc. (NASDAQ:KTRA) shares gained 20.6% to $0.3280 in pre-market trading after jumping around 45% on Wednesday.
Nexalin Technology, Inc. (NASDAQ:NXL) shares climbed 20.2% to $0.7997 in pre-market trading after dipping 29% on Wednesday.
C3.ai, Inc. (NYSE:AI) gained 11.2% to $26.60 in pre-market trading following strong fourth-quarter earnings
American Superconductor Corporation (NASDAQ:AMSC) shares gained 7.7% to $17.00 in pre-market trading following strong quarterly earnings.

Losers

NovaBay Pharmaceuticals, Inc. (NYSE:NBY) shares declined 42.4% to $0.0940 in pre-market trading. NovaBay Pharmaceuticals announced plans for a 1-for-35 reverse stock split and revealed the receipt of NYSE American notice regarding stockholders’ equity.
UiPath Inc. (NYSE:PATH) shares declined 29.5% to $12.91 in pre-market trading after the company reported first-quarter earnings and announced a CEO transition.
Innovative Eyewear, Inc. (NASDAQ:LUCY) shares dipped 24.2% to $0.7198 in pre-market trading. Innovative Eyewear reported closing of $2.5 million registered direct offering priced at-the-market under Nasdaq rules.
Onconetix, Inc. (NASDAQ:ONCO) shares fell 21.5% to $0.2309 in pre-market trading after jumping 80% on Wednesday.
Sonoma Pharmaceuticals, Inc. (NASDAQ:SNOA) shares fell 19.1% to $0.2104 in pre-market trading after gaining over 28% on Wednesday.
Salesforce, Inc. (NYSE:CRM) shares fell 15.6% to $228.55 in pre-market trading. Salesforce reported upbeat earnings for the first quarter, while sales missed estimates. The company issued weak guidance for the second quarter.
Monogram Technologies Inc (NASDAQ:MGRM) shares fell 12.5% to $1.77 in pre-market trading.
Brand Engagement Network, Inc. (NASDAQ:BNAI) shares fell 12.2% to $2.32 in pre-market trading. BEN shares surged around 108% on Wednesday after the company announced a $4.95 million private placement and appointed Paul Chang to Co-CEO.
Sharps Technology, Inc. (NASDAQ:STSS) shares declined 10.8% to $0.4044 in pre-market trading after falling 12% on Wednesday. In a recent exchange filing, the company said it has entered into a series of agreements with Nephron SC and Nephron Sterile Compounding Centers.
Nutanix, Inc. (NASDAQ:NTNX) fell 10.2% to $65.80 in pre-market trading after reporting quarterly earnings.