share_log

Why Lumentum Shares Are Trading Higher By Around 16%; Here Are 20 Stocks Moving Premarket

Benzinga ·  Aug 15 18:32

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

Now Read This:

  • Jim Cramer: 'Avoid Middle Market Plays' Like Golub Capital, Buy Mueller Industries — 'It Is Fantastic'
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