Why GitLab Shares Are Trading Higher By Around 17%; Here Are 20 Stocks Moving Premarket
Author: Avi Kapoor | September 04, 2024 06:39am
Shares of GitLab Inc. (NASDAQ:GTLB) rose sharply in today's pre-market trading after the company reported better-than-expected second-quarter financial results and issued FY25 guidance above estimates.
GitLab reported quarterly earnings of 15 cents per share, which beat the analyst consensus estimate by 50%. Quarterly revenue came in at $182.6 million, which beat the analyst consensus estimate of $176.889 million by 3.23%.
GitLab shares jumped 16.8% to $52.21 in the pre-market trading.
Here are some other stocks moving in pre-market trading.
Gainers
- WiSA Technologies, Inc. (NASDAQ:WISA) gained 63.2% to $2.22 in pre-market trading as the company said it has executed a definitive asset purchase agreement to purchase the Datavault® intellectual property and information technology assets of privately held Data Vault Holdings Inc.
- Conifer Holdings, Inc. (NASDAQ:CNFR) rose 39.1% to $1.60 in today's pre-market trading. Conifer Holdings shares jumped 74% on Tuesday after the company announced that it completed the sale of its insurance agency operations for a $45 million consideration. The company appointed Brian Roney As CEO.
- LogicMark, Inc. (NASDAQ:LGMK) gained 29.4% to $0.2618 in pre-market trading after gaining over 12% on Monday.
- Atara Biotherapeutics, Inc. (NASDAQ:ATRA) gained 17.2% to $7.99 in pre-market trading. The company announced a $36 million registered direct offering of 758900 shares at $8.25 per share.
- Tantech Holdings Ltd (NASDAQ:TANH) gained 16% to $0.1613 in the pre-market trading session.
- BTCS Inc. (NASDAQ:BTCS) gained 10% to $1.10 in pre-market trading after dipping around 15% on Tuesday.
- Genelux Corporation (NASDAQ:GNLX) rose 9.1% to $2.27 in pre-market trading after declining around 4% on Tuesday.
- Clover Health Investments, Corp. (NASDAQ:CLOV) gained 8.4% to $2.71 in pre-market trading after subsidiary Iowa Clinic signed a multi-year agreement with Counterpart Health to deploy AI technology across hundreds of Midwest providers.
- Astera Labs, Inc. (NASDAQ:ALAB) gained 4% to $40.66 in pre-market trading after dipping 9% on Tuesday.
Losers
- Athira Pharma, Inc. (NASDAQ:ATHA) fell 72.7% to $0.7739 in pre-market trading after the company announced its Phase 2/3 LIFT-AD clinical trial for Fosgonimeton in mild-to-moderate Alzheimer’s disease did not meet its primary or key secondary endpoints.
- Oragenics, Inc. (NYSE:OGEN) shares fell 32.2% to $0.7254 in pre-market trading after dipping more than 15% on Tuesday. Oragenics, last month, announced the filing completion for its ONP-002 drug in anticipation of its Phase IIa clinical trail in concussed patients.
- Focus Universal Inc. (NASDAQ:FCUV) shares fell 16.4% to $0.2530 in pre-market trading after gaining more than 12% on Tuesday.
- Shuttle Pharmaceuticals Holdings, Inc. (NASDAQ:SHPH) shares declined 16.2% to $1.76 in pre-market trading. The company was granted #12077515 for selective histone deacetylase inhibitors.
- Zscaler, Inc. (NASDAQ:ZS) fell 15.2% to $163.70 in pre-market trading following fourth-quarter earnings.
- Asana, Inc. (NYSE:ASAN) shares declined 14.6% to $11.35 in pre-market trading. Asana reported upbeat results for its second quarter but issued weak guidance for the third quarter.
- PagerDuty, Inc. (NYSE:PD) fell 14.4% to $15.66 in today's pre-market trading. PagerDuty reported better-than-expected earnings for its second quarter, while sales missed estimates.
- Elevai Labs Inc. (NASDAQ:ELAB) shares fell 11.3% to $0.2839 in pre-market trading. Elevai Labs shares gained around 20% on Tuesday after its subsidiary, Elevai Skincare, announced data results that demonstrated the potential of its proprietary Elevai Exosomes in hair restoration.
- Motorsport Games Inc. (NASDAQ:MSGM) shares dipped 11.3% to $1.16 in pre-market trading after gaining 10% on Tuesday.
- Sify Technologies Limited (NASDAQ:SIFY) declined 9.6% to $0.5971 in pre-market trading after jumping around 100% on Tuesday.
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Posted In: ALAB ASAN ATHA ATRA BTCS CLOV CNFR ELAB FCUV GNLX GTLB LGMK MSGM OGEN PD SHPH SIFY TANH WISA ZS
