Why Chegg Shares Are Trading Higher By Around 20%; Here Are 20 Stocks Moving Premarket
Author: Avi Kapoor | June 18, 2024 05:28am
Shares of Chegg, Inc. (NYSE:CHGG) rose sharply in today's pre-market trading after the company announced a restructuring plan and new vision for growth.
The restructuring plan will include a 23% headcount reduction, a refocus on students with a comprehensive course load and dedication of more resources to its international program.
Chegg shares jumped 20.7% to $3.15 in the pre-market trading session.
Here are some other stocks moving in pre-market trading.
Gainers
- Actelis Networks, Inc. (NASDAQ:ASNS) rose 112.2% to $2.44 in pre-market trading after the company announced a partnership with Carahsoft Technology Corp.
- NLS Pharmaceutics AG (NASDAQ:NLSP) shares rose 62.8% to $0.2415 in pre-market trading after jumping 30% on Monday.
- Mustang Bio, Inc. (NASDAQ:MBIO) gained 46.7% to $1.10 in pre-market trading. Mustang Bio shares jumped 477% on Monday after the company announced safety and efficacy data from the complete Waldenstrom Macroglobulinemia cohort of its Phase 1/2 clinical trial of MB-106, showing an overall response rate of 90% with one patient remaining in complete remission at 31 months.
- Greenwave Technology Solutions, Inc. (NASDAQ:GWAV) gained 27.6% to $2.36 in pre-market trading after the company regained full compliance with Nasdaq Listing Standards.
- Big Tree Cloud Holdings Limited (NASDAQ:DSY) shares climbed 26.7% to $2.42 in pre-market trading after dipping around 28% on Monday.
- Kintara Therapeutics, Inc. (NASDAQ:KTRA) shares rose 14.5% to $0.2050 in pre-market trading.
- Envirotech Vehicles, Inc. (NASDAQ:EVTV) shares gained 11.4% to $1.96 in pre-market trading after gaining 33% on Monday.
- Addentax Group Corp (NASDAQ:ATXG) rose 11.4% to $1.00 in pre-market trading after falling around 10% on Monday.
- Fly-E Group, Inc. (NASDAQ:FLYE) shares climbed 9% to $4.38 in pre-market trading after gaining around 10% on Monday.
Losers
- AERWINS Technologies Inc. (NASDAQ:AWIN) shares fell 48.8% to $1.71 in pre-market trading. Aerwins Technologies named Kiran Sidhu as the company's interim CFO, following resignation of Yinshun He as CFO on June 11. On June 14, the company received final delisting notice from Nasdaq Hearings Panel of Nasdaq Stock Market.
- Quantum Corporation (NASDAQ:QMCO) shares fell 38% to $0.4838 in pre-market trading following weaker-than-expected FY 2024 results.
- Interactive Strength Inc. (NASDAQ:TRNR) shares fell 22.9% to $3.78 in pre-market trading after surging 71% on Monday.
- Connexa Sports Technologies Inc (NASDAQ:YYAI) fell 16.3% to $0.46 in pre-market trading after dipping over 18% on Monday. Connexa Sports Technologies announced a 1-for-20 reverse split to regain Nasdaq compliance.
- SRIVARU Holding Limited (NASDAQ:SVMH) shares fell 13.3% to $0.2080 in pre-market trading.
- Virpax Pharmaceuticals, Inc. (NASDAQ:VRPX) shares declined 13.2% to $0.6670 in pre-market trading after jumping over 10% on Monday.
- Earlyworks Co Ltd – ADR (NASDAQ:ELWS) shares declined 12.2% to $1.72 in pre-market trading. Earlyworks regained compliance with Nasdaq Minimum Bid Price Requirement.
- Chijet Motor Co Inc (NASDAQ:CJET) shares dipped 12.2% to $0.36 in pre-market trading after jumping over 10% on Monday.
- Scinai Immunotherapeutics Ltd (NASDAQ:SCNI) shares fell 11.6% to $4.94 in pre-market trading after gaining 60% on Monday.
- NextEra Energy, Inc. (NYSE:NEE) fell 6.7% to $67.45 in pre-market trading after the company announced it will sell equity units.
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Posted In: ASNS ATXG AWIN CHGG CJET DSY ELWS EVTV FLYE GWAV KTRA MBIO NEE NLSP QMCO SCNI SVMH TRNR VRPX YYAI
