Why Palantir Technologies Shares Are Trading Higher By Around 10%; Here Are 20 Stocks Moving Premarket
Author: Avi Kapoor | August 06, 2024 05:16am
Shares of Palantir Technologies Inc (NYSE:PLTR) rose sharply in today's pre-market trading after the company reported better-than-expected second-quarter results.
Palantir reported second-quarter revenue of $678.13 million, beating the consensus estimate of $652.1 million, according to Benzinga Pro. Palantir reported second-quarter adjusted earnings of 9 cents per share, beating analyst estimates of 8 cents per share.
Palantir Technologies shares surged 9.6% to $26.40 in pre-market trading.
Here are some other stocks moving in pre-market trading.
Gainers
- Lytus Technologies Holdings PTV. Ltd. (NASDAQ:LYT) rose 79.1% to $2.56 in today's pre-market trading after dipping over 12% on Monday.
- Lumen Technologies, Inc. (NYSE:LUMN) gained 44.8% to $3.75 in pre-market trading after the company announced it secured $5 billion in new business from companies seeking to quickly secure their fiber capacity.
- CNS Pharmaceuticals, Inc. (NASDAQ:CNSP) gained 28.7% to $0.25 in pre-market trading after tumbling over 22% on Monday.
- AgriFORCE Growing Systems Ltd. (NASDAQ:AGRI) jumped 27% to $0.0725 in pre-market trading after falling more than 5% on Monday.
- Agape ATP Corporation (NASDAQ:ATPC) shares gained 26.6% to $0.1570 in pre-market trading after dipping 18% on Monday.
- Rxsight Inc (NASDAQ:RXST) shares gained 22.7% to $50.00 in pre-market trading after the company posted upbeat second-quarter sales and raised its FY24 revenue forecast.
- Serve Robotics Inc (NASDAQ:SERV) shares rose 15.3% to $15.70 in pre-market trading after falling around 7% on Monday.
- Lucid Group Inc (NASDAQ:LCID) shares gained 13% to $3.39 in pre-market trading after the company reported better-than-expected second-quarter sales results and announced a $1.5 billion public investment fund commitment.
- DDC Enterprise Limited (NYSE:DDC) shares rose 10.8% to $0.5159 in pre-market trading following around 13% surge on Monday.
Losers
- SunPower Corporation (NASDAQ:SPWR) shares dipped 24.6% to $0.61 in pre-market trading. SunPower announced a $45 million asset sale to complete Solaria and filed Chapter 11 to maximize asset value.
- Chegg Inc (NYSE:CHGG) shares declined 18.7% to $2.38 in pre-market trading following second-quarter results.
- Actinium Pharmaceuticals, Inc. (NASDAQ:ATNM) declined 15.3% to $2.10 in pre-market trading after dipping 60% on Monday. On Monday, the FDA determined that Actinium Pharmaceuticals’ Phase 3 SIERRA trial is not adequate to support a Biologics License Application (BLA) filing for Iomab-B despite its statistically significant primary endpoint.
- ZoomInfo Technologies Inc. (NASDAQ:ZI) shares declined 15.2% to $8.31 in pre-market trading after the company reported worse-than-expected financial results for the second quarter and announced a management transition. The company announced that CFO Cameron Hyzer will step down from his role. Hyzer will remain in an advisory capacity until Oct. 7 to help facilitate a smooth transition. Graham O’Brien has been named interim CFO, effective Sept. 6.
- Helport AI (NASDAQ:HPAI) shares fell 15.2% to $7.15 in pre-market trading after declining 24% on Monday.
- TenX Keane Acquisition (NASDAQ:TENK) fell 14.1% to $31.00 pre-market trading. TenX Keane shares jumped 193% on Monday after shareholders approved the combination with Citius Pharma’s oncology subsidiary.
- Upexi Inc (NASDAQ:UPXI) fell 12.4% to $0.25 in today's pre-market trading.
- Bluejay Diagnostics, Inc. (NASDAQ:BJDX) shares fell 11.8% to $0.4010 in pre-market trading after declining 18% on Monday.
- Trio Petroleum Corp. (NYSE:TPET) shares fell 11.2% to $0.2594 in pre-market trading after gaining more than 19% on Monday.
- Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) fell 10.5% to $10.80 in pre-market trading after declining around 4% on Monday.
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Posted In: AGRI ATNM ATPC BJDX CHGG CNSP DDC HPAI LCID LUMN LYT PLTR RXST SERV SMFG SPWR TENK TPET UPXI ZI
