Why RingCentral Shares Are Trading Higher By 13%; Here Are 20 Stocks Moving Premarket

Shares of RingCentral, Inc. RNG rose sharply in today's pre-market trading after the company reported better-than-expected first-quarter financial results and raised its FY24 guidance.

RingCentral posted adjusted earnings of 87 cents per share, beating market estimates of 80 cents per share. The company's quarterly sales came in at $584.211 million, topping expectations of $578.167 million, according to data from Benzinga Pro.

RingCentral shares jumped 13.4% to $34.00 in pre-market trading.

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

Gainers

  • Repare Therapeutics Inc. RPTX gained 31.1% to $4.30 in pre-market trading after the company posted better-than-expected results for its first quarter.
  • Neo-Concept International Group Holdings Limited NCI gained 31.2% to $1.29 in pre-market trading after declining over 6% on Tuesday.
  • Innodata Inc. INOD shares rose 20.6% to $8.13 in pre-market trading after the company reported a year-over-year increase in first-quarter financial results.
  • Luminar Technologies, Inc. LAZR rose 20% to $1.98 in today's pre-market trading as the company posted a narrower-than-expected quarterly loss.
  • Wetouch Technology Inc. WETH jumped 16.3% to $1.64 in pre-market trading after declining 5% on Tuesday.
  • Reddit, Inc. RDDT shares gained 14.2% to $56.40 in pre-market trading after the company reported better-than-expected first-quarter sales results and issued second-quarter revenue guidance above estimates.
  • Clover Health Investments, Corp. CLOV shares gained 12.7% to $0.8343 in pre-market trading after the company reported better than expected first-quarter financial results.
  • Oddity Tech Ltd. ODD gained 11.8% to $34.96 in pre-market trading after the company reported better-than-expected first-quarter financial results and issued FY24 EPS guidance above estimates.
  • TuanChe Limited TC shares rose 8.8% to $2.58 in pre-market trading after surging 12% on Tuesday.

Losers

  • Treace Medical Concepts, Inc. TMCI fell 53.7% to $5.15 in pre-market trading after the company reported first-quarter financial results and issued FY24 revenue guidance below estimates.
  • DoubleVerify Holdings, Inc. DV shares declined 39.4% to $18.50 in pre-market trading after the company reported first-quarter financial results.
  • ZoomInfo Technologies Inc. ZI shares fell 21.1% to $12.65 in pre-market trading after the company reported first-quarter financial results and issued second-quarter guidance below estimates.
  • Inspire Medical Systems, Inc. INSP fell 17.5% to $202.75 pre-market trading following first-quarter results.
  • Acutus Medical, Inc. AFIB fell 17.2% to $0.1018 in pre-market trading after jumping 15% on Tuesday. Nasdaq, last week, notified the company that it has not regained compliance with listing rule 5550(a)(2).
  • Shoals Technologies Group, Inc SHLS shares fell 15.8% to $7.41 in pre-market trading after the company reported worse-than-expected first-quarter sales results.
  • Flywire Corporation FLYW shares declined 14.1% to $17.65 in pre-market trading after the company reported worse-than-expected first-quarter EPS results and issued second-quarter revenue guidance below estimates.
  • Upstart Holdings, Inc. UPST shares fell 13.5% to $21.14 in pre-market trading after the company reported first-quarter financial results and issued second-quarter revenue guidance below estimates.
  • Volcon, Inc. VLCN shares declined 12.2% to $0.2588 in pre-market trading after the company reported a year-over-year decrease in first-quarter sales results.
  • Centrus Energy Corp. LEU fell 8.6% to $40.49 pre-market trading following first-quarter results.

Now Read This: Uber, Lyft And 3 Stocks To Watch Heading Into Wednesday

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