Why Doximity Shares Are Trading Higher By Over 28%; Here Are 20 Stocks Moving Premarket

Author: Avi Kapoor | August 09, 2024 05:04am

Shares of Doximity, Inc. (NYSE:DOCS) rose sharply in today's pre-market trading reported better-than-expected first-quarter financial results and issued strong FY24 revenue guidance.

Doximity's first-quarter revenue increased 17% year-over-year to $126.68 million, beating the consensus estimate of $119.92 million, according to Benzinga Pro. The company reported adjusted earnings of 28 cents per share, beating analyst estimates of 22 cents per share.

Doximity shares jumped 28.6% to $33.00 in pre-market trading.

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

Gainers

• Iteris, Inc. (NASDAQ:ITI) rose 61.7% to $6.92 in today's pre-market trading after the company agreed to be acquired by Almaviva for $335 million.
• FSD Pharma Inc. (NASDAQ:HUGE) gained 53% to $0.14 in pre-market trading after gaining 16% on Thursday.
• Nauticus Robotics, Inc. (NASDAQ:KITT) gained 45.8% to $2.80 in pre-market trading. Nauticus Robotics partnered with Florida Atlantic University for cost-effective Aquanaut Mark 2 testing.
• Avinger, Inc.. (NASDAQ:AVGR) shares rose 28.3% to $1.54 in pre-market trading after reporting second-quarter results.
• Iovance Biotherapeutics, Inc. (NASDAQ:IOVA) gained 27.7% to $10.14 in pre-market trading after the company reported better-than-expected second-quarter financial results and issued Q3 product revenue guidance above estimates.
• Clearmind Medicine Inc (NASDAQ:CMND) shares gained 27.7% to $1.52 in pre-market trading after declining around 8% on Thursday.
• Marin Software Incorporated (NASDAQ:MRIN) gained 27.1% to $2.30 in pre-market trading after the company announced AI-powered tool enhancements to its integrations with Reddit and X.
• Babcock & Wilcox Enterprises, Inc. (NYSE:BW) gained 22.5% to $1.36 following second-quarter results.
• Sweetgreen, Inc. (NYSE:SG) jumped 22.3% to $32.11 in pre-market trading after the company reported better-than-expected second-quarter revenue results.

Losers

• American Vanguard Corporation (NYSE:AVD) shares dipped 30.8% to $5.66 in pre-market trading after the company reported worse-than-expected second-quarter financial results.
• PubMatic, Inc. (NASDAQ:PUBM) shares declined 26.4% to $14.40 in pre-market trading after the company reported worse-than-expected second-quarter revenue results.
• Cutera, Inc. (NASDAQ:CUTR) shares declined 21.4% to $0.88 in pre-market trading after the company reported worse-than-expected second-quarter revenue results and cut its FY24 revenue guidance below estimates.
• Nerdy, Inc. (NYSE:NRDY) declined 20.1% to $1.27 in pre-market trading after the company reported worse-than-expected second-quarter revenue results.
• FiscalNote Holdings, Inc.  (NYSE:NOTE) shares fell 18.3% to $1.12 in pre-market trading after reporting second-quarter results.
• Eventbrite, Inc. (NYSE:EB) fell 17.1% to $3.15 in today's pre-market trading after the company reported worse-than-expected second-quarter revenue results and issued FY24 revenue guidance below estimates.
• AMMO, Inc. (NASDAQ:POWW) shares fell 16.7% to $1.35 in pre-market trading after the company reported weak first-quarter sales.
• Five9, Inc. (NASDAQ:FIVN) fell 16.4% to $35.49 in pre-market trading after the company posted second-quarter results.
• Trevena, Inc. (NASDAQ:TRVN) fell 14.7% to $0.19 pre-market trading after the company reported second-quarter results.
• Anew Medical, Inc. (NASDAQ:WENA) shares fell 10.1% to $1.15 in pre-market trading after gaining 17% on Thursday.

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Posted In: AVD AVGR BW CMND CUTR DOCS EB FIVN HUGE IOVA ITI KITT MRIN NOTE NRDY POWW PUBM SG TRVN WENA