share_log

Why Broadcom Shares Are Trading Higher By Over 13%; Here Are 20 Stocks Moving Premarket

Benzinga ·  Jun 13 20:16

Shares of Broadcom Inc. (NASDAQ:AVGO) rose sharply in today's pre-market trading after the company posted stronger-than-expected results for its second quarter.

The company declared a quarterly dividend of $5.25 per share and also announced a 10-for-1 forward stock split. Broadcom boosted its fiscal year 2024 revenue guidance to approximately $51 billion, up from approximately $50 billion.

Broadcom shares surged 13.5% to $1,698.20 in the pre-market trading session.

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

Gainers

  • Neo-Concept International Group Holdings Limited (NASDAQ:NCI) rose 79.3% to $1.17 in pre-market trading.
  • Fangdd Network Group Ltd. (NASDAQ:DUO) shares rose 36.9% to $0.8350 in pre-market trading after surging 5% on Wednesday.
  • Grupo Supervielle S.A. (NYSE:SUPV) gained 22.7% to $8.05 in pre-market trading after rising 6% on Wednesday.
  • Molecular Partners AG (NASDAQ:MOLN) gained 22.1% to $7.08 in pre-market trading after gaining 16% on Wednesday. Molecular Partners recently announced the debut of their lead Raido-DARPin therapy candidate MP0712, targeting DLL3.
  • Longeveron Inc. (NASDAQ:LGVN) shares climbed 16% to $2.10 in pre-market trading. Longeveron shares jumped over 120% on Wednesday following the circulation of a Zacks Small Cap Research note valuing the stock at $15.10 per share.
  • Aethlon Medical, Inc. (NASDAQ:AEMD) shares gained 15.3% to $0.6025 in pre-market trading after falling 5% on Wednesday.
  • CaliberCos Inc (NASDAQ:CWD) rose 11.5% to $1.07 in pre-market trading.
  • TRACON Pharmaceuticals, Inc. (NASDAQ:TCON) shares rose 10% to $1.10 in pre-market trading after falling 7% on Wednesday. TRACON Pharmaceuticals recently announced publication of Phase 2 clinical data for TRC102 in patients with glioblastoma in clinical cancer research.
  • Vista Energy, S.A.B. de C.V. (NYSE:VIST) shares rose 7.1% to $47.18 in pre-market trading.

Losers

  • Assure Holdings Corp. (NASDAQ:IONM) shares declined 58.2% to $0.2174 in pre-market trading.
  • DDC Enterprise Limited (NYSE:DDC) shares declined 26% to $1.14 in pre-market trading. DayDayCook shares jumped 198% on Wednesday after the company announced it has acquired Omsom.
  • PainReform Ltd. (NASDAQ:PRFX) shares fell 19.2% to $0.6250 in pre-market trading after surging around 19% on Wednesday.
  • Petros Pharmaceuticals, Inc. (NASDAQ:PTPI) shares fell 19% to $0.4358 in pre-market trading after gaining 10% on Wednesday.
  • Meta Data Limited (NYSE:AIU) shares dipped 18.3% to $0.3225 in pre-market trading.
  • J.Jill, Inc. (NYSE:JILL) fell 15.7% to $33.36 in pre-market trading. J.Jill priced its public offering of 2 million common stock at $31 per share.
  • Cara Therapeutics Inc (NASDAQ:CARA) shares fell 11.7% to $0.60 in pre-market trading. Cara Therapeutics discontinued clinical program for oral difelikefalin in notalgia paresthetica after KOURAGE-1 study showed no meaningful clinical benefit at any dose compared to placebo.
  • Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY) shares fell 10.6% to $45.03 in pre-market trading after the company posted downbeat results for its first quarter on Wednesday.
  • EpicQuest Education Group International Limited (NASDAQ:EEIQ) shares declined 10% to $0.8292 in pre-market trading.
  • Virgin Galactic Holdings, Inc. (NYSE:SPCE) shares fell 8.3% to $0.78 in pre-market trading after the company announced it will effect a reverse stock split.

Now Read This: S&P 500 Tops 5,400 As Federal Reserve Holds Rates Steady, Inflation Eases

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
    Write a comment