Why Meta Platforms Shares Are Trading Higher By 19%; Here Are 20 Stocks Moving Premarket

Gainers

• Tenax Therapeutics, Inc TENX shares rose 172.8% to $4.61 in pre-market trading. Tenax was granted a Notice of Allowance for U.S. Patent application for use of IV levosimendan in pulmonary hypertension with heart failure and preserved ejection fraction.
• ZyVersa Therapeutics, Inc. ZVSA shares rose 113% to $3.80 in pre-market trading after dropping 4% on Wednesday.
• Corbus Pharmaceuticals Holdings, Inc. CRBP shares rose 58.7% to $0.26 in pre-market trading after gaining over 5% on Wednesday.
• Carvana Co. CVNA rose 26.3% to $17.12 in pre-market trading after gaining 33% on Wednesday.
• Meta Platforms Inc. META rose 18.89% to $182.05 in pre-market trading after Piper Sandler analysts upgraded the stock to Overweight and raised its price target to $215.
• Silvergate Capital Corp SI shares rose 16.31% to $18.89 in pre-market trading after BlackRock disclosed an increased stake in the company.
• Align Technology, Inc. ALGN rose 12.61% to $318.18 in pre-market trading after the company reported better-than-expected results and announced a share buyback.
• Nuburu, Inc. BURU shares rose 33.02% to $13.09 in pre-market trading.
• Amazon.com, Inc. AMZN rose 4.27% to $109.64 in pre-market trading ahead of its quarterly report.

Losers

• NetGear, Inc. NTGR declined 12.27% to $18.03 in pre-market trading even after the company reported quarterly earnings and sales ahead of expectations.
• Naas Technology Inc NAAS declined 5.72% to $5.44 in pre-market trading.
• ING Groep NV INGA declined 4.79% to $13.94 in pre-market trading.
• HUYA Inc. - ADR HUYA declined 3.85% to $6.00 in pre-market trading, after rising more than 10% on Wednesday.
• VEON Ltd. VEON declined 3.34% to $0.58 in pre-market trading.
• Hyzon Motors Inc. HYZN declined 3.29% to $2.06 in pre-market trading, after the company said the board said Craig Knight's departure should constitute termination for cause under Knight's employment agreement.
• Compass Inc. COMP declined 3.18% to $4.27 in pre-market trading.
• ABB Ltd. ABB declined 3.09% to $34.24 in pre-market trading after the company guided to double-digit comparable revenue growth in the first quarter and comparable revenue growth above 5% for fiscal 2023.
• ChampionX Corp. CHX declined 3.08% to $31.5 in pre-market trading after the company reported quarterly sales of $985.86 million short of the consensus estimate of $1.01 billion.
• Corteva Inc. CTVA declined 2.75% to $62.71 in pre-market trading after the company announced disappointing guidance for fiscal 2023.

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