Why Lumentum Shares Are Trading Higher By Around 16%; Here Are 20 Stocks Moving Premarket
Author: Avi Kapoor | August 15, 2024 06:32am
Shares of Lumentum Holdings Inc. (NASDAQ:LITE) rose sharply during Thursday's session after the company reported better-than-expected fourth-quarter financial results and issued strong first-quarter revenue guidance.
The company reported quarterly earnings of 6 cents per share which beat the analyst consensus estimate of 3 cents per share.
Lumentum Holdings shares jumped 16.4% to $52.99 in pre-market trading.
Here are some other stocks moving in pre-market trading.
Gainers
- SciSparc Ltd. (NASDAQ:SPRC) rose 90.1% to $0.6123 in today's pre-market trading after the company announced the courts approval to convene a meeting of shareholders to approve a merger with AutoMax.
- VS MEDIA Holdings Limited (NASDAQ:VSME) gained 86.2% to $1.33 in pre-market trading after gaining 4% on Wednesday.
- Altamira Therapeutics Ltd. (NASDAQ:CYTO) gained 52.2% to $1.40 in pre-market trading.
- Airship AI Holdings, Inc. (NASDAQ:AISP) jumped 20.2% to $3.03 in pre-market trading after reporting a profit for the second quarter.
- Accuray Incorporated (NASDAQ:ARAY) gained 20.2% to $1.72 in pre-market trading after the company reported better-than-expected fourth-quarter sales results.
- Nxu, Inc. (NASDAQ:NXU) gained 15.2% to $0.39 in pre-market trading.
- Ulta Beauty, Inc. (NASDAQ:ULTA) gained 15.2% to $379.24 in pre-market trading after Berkshire Hathaway added a stake in the company.
- Onconetix, Inc. (NASDAQ:ONCO) shares rose 13.7% to $0.1707 in pre-market trading after gaining 13% on Wednesday.
- Syntec Optics Holdings, Inc. (NASDAQ:OPTX) gained 13.6% to $1.67 in pre-market trading. Syntec Optics Holdings posted second-quarter results on Wednesday.
Losers
- Turnstone Biologics Corp. (NASDAQ:TSBX) shares declined 40.5% to $1.30 in pre-market trading after the company reported worse-than-expected second-quarter EPS results.
- Titan Machinery Inc. (NASDAQ:TITN) declined 26.9% to $11.24 in pre-market trading as the company reported weak preliminary financial results for the second quarter.
- Jianzhi Education Technology Group Company Limited (NASDAQ:JZ) shares declined 26.9% to $0.65 in pre-market trading after gaining 12% on Wednesday
- Vicinity Motor Corp (NASDAQ:VEV) fell 20.5% to $0.1450 in today's pre-market trading after dipping 12% on Wednesday.
- Spire Global, Inc. (NYSE:SPIR) shares dipped 18.5% to $8.28 in pre-market trading after the company announced it filed a Form 12b-25 for late filing of its Q2 2024 report.
- Avalon GloboCare Corp. (NASDAQ:ALBT) fell 18% to $0.3922 in pre-market trading. Avalon GloboCare shares jumped 82% on Wednesday after the company announced its Laboratory Services MSO, LLC has begun manufacturing the GeeWhiz external male catheter.
- Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) shares fell 16.4% to $0.1403 in pre-market trading after the company announced a reverse stock split and authorized share reduction.
- Aethlon Medical, Inc. (NASDAQ:AEMD) shares fell 16.1% to $0.3227 in pre-market trading following worse-than-expected first-quarter EPS results.
- Digital Ally, Inc (NASDAQ:DGLY) fell 14.6% to $1.160 Inc pre-market trading. Digital Ally shares jumped 62% on Wednesday after the company was granted a U.S. Patent for tracking and analysis of drivers within a fleet of vehicles.
- Precigen, Inc. (NASDAQ:PGEN) shares fell 9% to $1.02 in pre-market trading after posting weak quarterly results
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Posted In: AEMD AISP ALBT ARAY CYTO DGLY FFIE JZ LITE NXU ONCO OPTX PGEN SPIR SPRC TITN TSBX ULTA VEV VSME
