Why Wolfspeed Shares Are Trading Higher By Around 8%; Here Are 20 Stocks Moving Premarket
Author: Avi Kapoor | August 22, 2024 06:06am
Shares of Wolfspeed, Inc. (NYSE:WOLF) shares gained 8.2% to $14.62 in pre-market trading after the company reported its fourth-quarter financial results.
Wolfspeed reported quarterly losses of 89 cents per share, missing the consensus estimate of losses of 84 cents per share, and revenue of $200.7 million for the quarter, also missing the Street estimate. Fiscal-year losses of $2.59 per share and full-year revenue of $807.2 million both missed the analyst consensus estimates, as well.
Wolfspeed shares jumped 8.2% to $14.62 in pre-market trading.
Here are some other stocks moving in pre-market trading.
Gainers
- Staffing 360 Solutions, Inc. (NASDAQ:STAF) rose 113.5% to $2.52 in today's pre-market trading after dipping around 15% on Wednesday.
- Mobix Labs, Inc. (NASDAQ:MOBX) gained 90.8% to $1.68 in pre-market trading after reporting results for the third quarter.
- Beneficient (NASDAQ:BENF) gained 37.5% to $3.18 in pre-market trading.
- Guardion Health Sciences, Inc. (NASDAQ:GHSI) shares rose 28% to $11.58 in pre-market trading after the company announced its declared a $5 per share dividend.
- GD Culture Group Limited (NASDAQ:GDC) gained 22.2% to $4.79 in pre-market trading. GD Culture Group shares jumped 128% on Wednesday after the company announced that it launched its TikTok account.
- Roma Green Finance Ltd (NASDAQ:ROMA) gained 15.5% to $0.59 in pre-market trading after declining over 10% on Wednesday.
- Kindly MD Inc (NASDAQ:KDLY) gained 13.8% to $1.97 in pre-market trading.
- Quantum Corporation (NASDAQ:QMCO) gained 13.1% to $0.2488 in pre-market trading.
- Clover Health Investments, Corp. (NASDAQ:CLOV) climbed 8.6% to $3.80 in pre-market trading after jumping 13% on Wednesday.
Losers
- Revelation Biosciences, Inc. (NASDAQ:REVB) shares fell 30.6% to $1.45 in pre-market trading after the company announced exercise of warrants for $3.8 million in gross proceeds.
- Virax Biolabs Group Limited (NASDAQ:VRAX) shares declined 20.5% to $5.09 in pre-market trading after the company announced a $5 million registered direct offering of 1,108,892 common shares at $4.50/share.
- Notable Labs, Ltd. (NASDAQ:NTBL) declined 18.2% to $0.4664 in pre-market trading. The company announced progress for its Phase 2 volasertib program.
- Galmed Pharmaceuticals Ltd. (NASDAQ:GLMD) fell 17.4% to $0.3550 in today's pre-market trading after surging 42% on Wednesday.
- Thunder Power Holdings, Inc. (NASDAQ:AIEV) fell 15.8% to $0.61 in pre-market trading after the company entered into $100 million committed equity facility.
- Santech Holdings Limited (NASDAQ:STEC) fell 13.2% to $0.3780 in pre-market trading.
- InMed Pharmaceuticals Inc. (NASDAQ:INM) shares dipped 12.1% to $0.3690 in pre-market trading.
- Urban Outfitters, Inc. (NASDAQ:URBN) shares declined 11% to $36.94 in pre-market trading following second-quarter results.
- Snowflake Inc. (NYSE:SNOW) shares fell 10% to $121.54 in pre-market trading after reporting second-quarter results
- NextPlat Corp (NASDAQ:NXPL) shares fell 8.2% to $1.06 in pre-market trading.
Now Read This:
Posted In: AIEV BENF CLOV GDC GHSI GLMD INM KDLY MOBX NTBL NXPL QMCO REVB ROMA SNOW STAF STEC URBN VRAX WOLF
