Why Semtech Shares Are Trading Higher By 25%; Here Are 20 Stocks Moving Premarket

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Gainers

  • Airspan Networks Holdings Inc. MIMO shares rose 50.5% to $0.20 in pre-market trading after dropping 5% on Wednesday.
  • Baosheng Media Group Holdings Limited BAOS shares surged 44% to $8.25 in pre-market trading.
  • Semtech Corporation SMTC gained 24.8% to $28.00 in pre-market trading after the company reported better-than-expected first-quarter results.
  • Acorda Therapeutics, Inc. ACOR gained 18.5% to $13.79 in pre-market trading after adding 14% on Wednesday.
  • 4D Molecular Therapeutics, Inc. FDMT shares climbed 17.2% to $21.41 in pre-market trading after the company announced interim clinical data from its 4D-710 Phase 1/2 AEROW clinical trial for the treatment of cystic fibrosis lung disease.
  • SMX (Security Matters) Public Limited Company SMX shares gained 14.9% to $1.08 in pre-market trading.
  • Oncorus, Inc. ONCR shares rose 13.7% to $0.1205 in pre-market trading. Oncorus’ board named Brian Shea as the company’s interim Chief Executive Officer and President.
  • Histogen Inc. HSTO rose 11.1% to $1.02 in pre-market trading. Histogen received a decision to grant European Patent Number EP3814327 titled "Pentanoic Acid Derivatives and Related Compounds as Caspase Inhibitors for Treating Cardiovascular Diseases."
  • D-Wave Quantum Inc. QBTS shares gained 10.1% to $2.28 in pre-market trading after dropping 8% on Wednesday.
  • Spectrum Pharmaceuticals, Inc SPPI rose 8.4% to $1.16 in pre-market trading.

Losers

  • HashiCorp, Inc. HCP fell 19.4% to $28.01 in pre-market after the company issued weak guidance and announced a workforce reduction of approximately 8%.
  • GameStop Corp. GME shares dropped 18.4% to $21.30 in pre-market trading as the company reported worse-than-expected results for its first quarter and named Ryan Cohen as executive chairman, terminating its former CEO.
  • Smartsheet Inc. SMAR fell 17.9% to $40.23 in pre-market trading after the company reported first-quarter results.
  • PolarityTE, Inc. PTE fell 13.5% to $0.25 in pre-market trading. PolarityTE shares dropped 33% on Wednesday after the company filed voluntary petitions for relief under Chapter 11.
  • Torrid Holdings Inc. CURV fell 13% to $2.15 in pre-market trading after the company reported downbeat first-quarter results and lowered FY23 sales outlook.
  • Recruiter.com Group, Inc. RCRT fell 11.1% to $0.2450 in pre-market trading. Recruiter.com Group said on June 2, Evan Sohn provided board with notice of his resignation as Chief Executive Officer of the company.
  • Rent the Runway, Inc. RENT shares dropped 10.7% to $2.50 in pre-market trading following first-quarter results.
  • Helius Medical Technologies, Inc. HSDT fell 8.7% to $0.1551 in pre-market trading after gaining over 5% on Wednesday.
  • TransCode Therapeutics, Inc. RNAZ shares fell 7.5% to $2.85 in pre-market trading after dropping 4% on Wednesday. TransCode Therapeutics announced acceptance for publication by Frontiers in Molecular Biosciences of a preclinical study using TransCode's lead therapeutic candidate, TTX-MC138, in glioblastoma multiforme (GBM).
  • Oxford Industries, Inc. OXM fell 5.3% to $101.50 in pre-market trading. Oxford Industries reported upbeat results for its first quarter, but issued weak forecast for the current quarter.

 

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