Why Taiwan Semiconductor Shares Are Trading Higher By Around 5%; Here Are 20 Stocks Moving Premarket

Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) rose sharply in today's pre-market trading after the company announced fourth-quarter results.

Taiwan Semiconductor Mfg. said net profit climbed 57% year-over-year to a record T$374.68 billion ($11.38 billion).

TSMC shares gained 4.7% to $216.61 in the pre-market trading session.

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

Gainers

SOBR Safe, Inc. (NASDAQ:SOBR) gained 83.1% to $1.63 in pre-market trading after gaining 8% on Wednesday.
Powell Max Limited (NASDAQ:PMAX) gained 67.8% to $2.45 in pre-market trading after the company announced acquisition plans and is targeting firms with between $1 million and $5 million in revenue to expand into the Hong Kong and Asian financial communications market.
BioLineRx Ltd. (NASDAQ:BLRX) rose 40.1% to $0.1458 in pre-market trading after dipping 15% on Wednesday. BioLineRx recently announced a $10 million registered direct offering.
Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) gained 39.3% to $3.28 in pre-market trading after falling 4% on Wednesday.
AEON Biopharma, Inc. (NYSE:AEON) rose 22.5% to $0.1342 in pre-market trading after dipping 14% on Wednesday. AEON Biopharma recently announced closing of $20.0 million underwritten public offering
DouYu International Holdings Limited (NASDAQ:DOYU) rose 17.4% to $14.43 in pre-market trading after the company named Ms. Simin Ren as co-CEO and announced a special cash dividend of $9.94/ADS.
BigBear.ai Holdings, Inc. (NYSE:BBAI) gained 15.1% to $3.90 in pre-market trading after the company announced a chief executive transition. BigBear.ai has appointed Kevin McAleenan as CEO and a member of the company's board, effective as of Wednesday. McAleenan will replace Mandy Long, who is transitioning to an advisory role.
Tonix Pharmaceuticals Holding Corp. (NASDAQ:TNXP) gained 12.8% to $0.2620 in pre-market trading.
Quantum Computing Inc. (NASDAQ:QUBT) gained 10.3% to $12.74 in pre-market trading after surging 55% on Wednesday.

Losers

Transcontinental Realty Investors, Inc. (NYSE:TCI) shares fell 31.8% to $19.01 in pre-market trading.
Algorhythm Holdings, Inc. (NASDAQ:RIME) fell 20.3% to $0.04 in pre-market trading after dipping 35% on Wednesday.
GlucoTrack, Inc. (NASDAQ:GCTK) dipped 20.3% to $0.0630 in pre-market trading following a 35% decline on Wednesday.
Sonim Technologies, Inc. (NASDAQ:SONM) declined 15.5% to $3.19 in pre-market trading. Sonim Technologies shares gained 10% on Wednesday after Orbic North America announced an agreement in principle to acquire a substantial equity ownership position in the company.
C&F Financial Corporation (NASDAQ:CFFI) shares fell 15.3% to $60.01 in pre-market trading.
SI-BONE, Inc. (NASDAQ:SIBN) fell 14.7% to $14.01 in pre-market trading after gaining 5% on Wednesday. SI-BONE recently reported preliminary fourth-quarter revenue results.
LuxUrban Hotels Inc. (NASDAQ:LUXH) shares dipped 12.9% to $0.5991 in pre-market trading. LuxUrban Hotels recently issued FY25 revenue guidance.
Sangoma Technologies Corporation (NASDAQ:SANG) fell 12.1% to $6.19 in today's pre-market trading after gaining 5% on Wednesday.
ANI Pharmaceuticals, Inc. (NASDAQ:ANIP) shares tumbled 11.6% to $50.01 in pre-market trading. ANI Pharmaceuticals recently issued preliminary fourth quarter and 2024 financial results and preliminary 2025 outlook.
Silexion Therapeutics Corp (NASDAQ:SLXN) fell 11.3% to $1.38 in pre-market trading after the company announced the pricing of $5.0 million public offering.