Why Broadcom Shares Are Trading Higher By Over 13%; Here Are 20 Stocks Moving Premarket

Author: Avi Kapoor | June 13, 2024 08:16am

Shares of Broadcom Inc. (NASDAQ:AVGO) rose sharply in today's pre-market trading after the company posted stronger-than-expected results for its second quarter.

The company declared a quarterly dividend of $5.25 per share and also announced a 10-for-1 forward stock split. Broadcom boosted its fiscal year 2024 revenue guidance to approximately $51 billion, up from approximately $50 billion.

Broadcom shares surged 13.5% to $1,698.20 in the pre-market trading session.

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

Gainers

Neo-Concept International Group Holdings Limited (NASDAQ:NCI) rose 79.3% to $1.17 in pre-market trading.
Fangdd Network Group Ltd. (NASDAQ:DUO) shares rose 36.9% to $0.8350 in pre-market trading after surging 5% on Wednesday.
Grupo Supervielle S.A. (NYSE:SUPV) gained 22.7% to $8.05 in pre-market trading after rising 6% on Wednesday.
Molecular Partners AG (NASDAQ:MOLN) gained 22.1% to $7.08 in pre-market trading after gaining 16% on Wednesday. Molecular Partners recently announced the debut of their lead Raido-DARPin therapy candidate MP0712, targeting DLL3.
Longeveron Inc. (NASDAQ:LGVN) shares climbed 16% to $2.10 in pre-market trading. Longeveron shares jumped over 120% on Wednesday following the circulation of a Zacks Small Cap Research note valuing the stock at $15.10 per share.
Aethlon Medical, Inc. (NASDAQ:AEMD) shares gained 15.3% to $0.6025 in pre-market trading after falling 5% on Wednesday.
CaliberCos Inc (NASDAQ:CWD) rose 11.5% to $1.07 in pre-market trading.
TRACON Pharmaceuticals, Inc. (NASDAQ:TCON) shares rose 10% to $1.10 in pre-market trading after falling 7% on Wednesday. TRACON Pharmaceuticals recently announced publication of Phase 2 clinical data for TRC102 in patients with glioblastoma in clinical cancer research.
Vista Energy, S.A.B. de C.V. (NYSE:VIST) shares rose 7.1% to $47.18 in pre-market trading.

Losers

Assure Holdings Corp. (NASDAQ:IONM) shares declined 58.2% to $0.2174 in pre-market trading.
DDC Enterprise Limited (NYSE:DDC) shares declined 26% to $1.14 in pre-market trading. DayDayCook shares jumped 198% on Wednesday after the company announced it has acquired Omsom.
PainReform Ltd. (NASDAQ:PRFX) shares fell 19.2% to $0.6250 in pre-market trading after surging around 19% on Wednesday.
Petros Pharmaceuticals, Inc. (NASDAQ:PTPI) shares fell 19% to $0.4358 in pre-market trading after gaining 10% on Wednesday.
Meta Data Limited (NYSE:AIU) shares dipped 18.3% to $0.3225 in pre-market trading.
J.Jill, Inc. (NYSE:JILL) fell 15.7% to $33.36 in pre-market trading. J.Jill priced its public offering of 2 million common stock at $31 per share.
Cara Therapeutics Inc (NASDAQ:CARA) shares fell 11.7% to $0.60 in pre-market trading. Cara Therapeutics discontinued clinical program for oral difelikefalin in notalgia paresthetica after KOURAGE-1 study showed no meaningful clinical benefit at any dose compared to placebo.
Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) shares fell 10.6% to $45.03 in pre-market trading after the company posted downbeat results for its first quarter on Wednesday.
EpicQuest Education Group International Limited (NASDAQ:EEIQ) shares declined 10% to $0.8292 in pre-market trading.
Virgin Galactic Holdings, Inc. (NYSE:SPCE) shares fell 8.3% to $0.78 in pre-market trading after the company announced it will effect a reverse stock split.