Why Pinterest Shares Are Trading Higher By 17%; Here Are 20 Stocks Moving Premarket

Shares of Pinterest, Inc PINS rose sharply in today's pre-market trading following strong first-quarter earnings and upbeat second-quarter guidance.

Pinterest's first-quarter revenue increased nearly 23% year-over-year to $740 million, which beat the consensus estimate of $699.872 million, according to Benzinga Pro. The company reported a loss of 4 cents per share, which beat analyst estimates for a loss of 9 cents per share.

Pinterest shares climbed 17.3% to $39.26 in pre-market trading.

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

Gainers

• Plutonian Acquisition Corp. PLTN gained 68.9% to $15.00 in pre-market trading.
• IM Cannabis Corp. IMCC gained 40.7% to $1.21 in pre-market trading after jumping around 54% on Tuesday.
Predictive Oncology Inc. POAI rose 31.4% to $1.88 in today's pre-market trading after the company announced a collaboration with FluGen for an intranasal flu vaccine.
• Root, Inc. ROOT shares gained 27.2% to $88.61 in pre-market trading after the company reported better-than-expected first-quarter financial results.
• Powell Industries, Inc. POWL jumped 23.2% to $176.24 in pre-market trading after the company reported better-than-expected second-quarter financial results.
• Lion Group Holding Ltd. LGHL shares gained 20.1% to $0.5850 in pre-market trading after the company reported a year-over-year increase in FY23 financial results.
• Inari Medical, Inc. NARI shares gained 12.5% to $42.01 in pre-market trading after the company reported better-than-expected first-quarter sales results and issued FY24 revenue guidance above estimates.
• TransMedics Group, Inc. TMDX shares rose 9.7% to $103.19 in pre-market trading after the company raised its 2024 guidance.
• Lemonade, Inc. LMND shares gained 9.4% to $18.85 in pre-market trading after the company reported better-than-expected first-quarter financial results and raised its FY24 revenue guidance above estimates.

Losers

• CVRx Inc CVRX fell 29.1% to $11.00 in pre-market trading after the company reported worse-than-expected first-quarter financial results.
• Sobr Safe Inc SOBR shares declined 14.6% to $0.26 in pre-market trading.
• Leggett & Platt, Incorporated LEG fell 12.8% to $15.75 in pre-market trading after the company posted weaker-than-expected results for its first quarter.
• Skyworks Solutions, Inc. SWKS shares fell 12.7% to $93.00 in pre-market trading after the company reported second-quarter financial results and issued third-quarter revenue guidance with the midpoint below estimates.
• Cemtrex, Inc. CETX shares fell 12.2% to $0.9999 in pre-market trading after dipping 36% on Tuesday.
• Starbucks Corporation SBUX fell 12.1% to $77.79 pre-market trading following weaker-than-expected second-quarter earnings.
• Splash Beverage Group, Inc. SBEV shares declined 11.6% to $0.2910 in pre-market trading after gaining around 12% on Tuesday.
• Cyclacel Pharmaceuticals, Inc. CYCC shares fell 10.8% to $1.89 in pre-market trading. Cyclacel Pharmaceuticals shares jumped around 56% on Tuesday after the company announced that it filed Form RW with the SEC, withdrawing its registration statement on Form S-1. The company also announced an $8 million private placement.
• Super Micro Computer, Inc. SMCI shares declined 9% to $781.50 in pre-market trading following mixed third-quarter financial results.
• InMed Pharmaceuticals Inc. INM fell 7.1% to $0.25 pre-market trading.

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