Why Rumble Shares Are Trading Higher By Around 7%; Here Are 20 Stocks Moving Premarket
Author: Avi Kapoor | August 13, 2024 06:35am
Shares of Rumble Inc. (NASDAQ:RUM) rose sharply in today's pre-market trading following better-than-expected second-quarter financial results.
Rumble reported second-quarter revenue of $22.5 million, up 27% sequentially. The revenue figure beat a Street consensus estimate of $19.69 million, according to data from Benzinga Pro. The company reported a loss of 13 cents per share, which beat a Street consensus estimate of a loss of 15 cents per share.
Rumble shares jumped 7.1% to $6.16 in pre-market trading.
Here are some other stocks moving in pre-market trading.
Gainers
- Vicinity Motor Corp. (NASDAQ:VEV) rose 136.7% to $0.2353 in today's pre-market trading after dipping around 14% on Monday.
- MKDWELL Tech Inc. (NASDAQ:MKDW) gained 54.1% to $1.71 in pre-market trading after falling 17% on Monday.
- CXApp Inc. (NASDAQ:CXAI) shares rose 54.1% to $2.28 in pre-market trading after the company reported highlights from the second quarter and announced a multi-year agreement with Alphabet Inc's (NASDAQ:GOOG)(NASDAQ:GOOGL) Google Cloud.
- Plby Group Inc (NASDAQ:PLBY) gained 25.5% to $0.74 in pre-market trading. PLBY Group, last week, reported worse-than-expected second-quarter financial results.
- Hesai Group (NASDAQ:HSAI) gained 22.2% to $4.35 in pre-market trading. Hesai Group is expected to report second quarter financial results on Monday, Aug. 19.
- Psychemedics Corporation (NASDAQ:PMD) gained 20.5% to $2.22 after the company announced that it approved a plan to cease the registration of its stock under the federal securities laws following the completion of a proposed reverse stock split and to delist its shares of common stock from trading on the Nasdaq.
- Orgenesis Inc (NASDAQ:ORGS) jumped 18.3% to $0.80 in pre-market trading after declining 7% on Monday.
- HUYA Inc. (NYSE:HUYA) gained 8.5% to $4.84 in pre-market trading after the company reported second-quarter results and declared a special dividend of $1.08 per ADS.
- PACS Group, Inc. (NYSE:PACS) shares gained 8.2% to $35.00 in pre-market trading following a second-quarter revenue beat.
Losers
- Syros Pharmaceuticals, Inc. (NASDAQ:SYRS) shares declined 56.4% to $2.18 in pre-market trading as the company announced plans to discontinue enrollment in SELECT-AML-1 Phase 2 clinical trial.
- SunPower Corporation (NASDAQ:SPWR) shares dipped 21.5% to $0.1570 in pre-market trading. SunPower revealed the receipt of notice from Nasdaq about delisting company’s common stock.
- PS International Group Ltd. (NASDAQ:PSIG) declined 20.9% to $1.82 in pre-market trading after jumping around 128% on Monday.
- Greenlane Holdings, Inc. (NASDAQ:GNLN) shares declined 18.8% to $9.33 in pre-market trading. On Monday, Greenlane announced the pricing of $6.5 million private placement priced at-the-market under Nasdaq rules.
- FSD Pharma Inc. (NASDAQ:HUGE) shares fell 15.2% to $0.1102 in pre-market trading after dipping 35% on Monday.
- Yatra Online, Inc. (NASDAQ:YTRA) shares fell 14.2% to $1.33 in pre-market trading after reporting weak quarterly sales.
- Conifer Holdings, Inc. (NASDAQ:CNFR) fell 13.3% to $1.04 in pre-market trading. Conifer Holdings is exp to hold second quarter earnings conference call on Aug. 144.
- On Holding AG (NYSE:ONON) fell 8.6% to $36.15 in today's pre-market trading following mixed second-quarter financial results.
- Viasat, Inc. (NASDAQ:VSAT) fell 7.5% to $19.99 pre-market trading after declining 5% on Monday.
- Tencent Music Entertainment Group (NYSE:TME) shares fell 6.3% to $12.30 in pre-market trading following a second-quarter revenue miss.
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Posted In: CNFR CXAI GNLN GOOG GOOGL HSAI HUGE HUYA MKDW ONON ORGS PACS PLBY PMD PSIG RUM SPWR SYRS TME VEV
