Sphere 3D Stock (NASDAQ:ANY), Trade Ideas

Sphere 3D

Sphere 3D Corp provides solutions for stand-alone storage and technologies that converge the traditional silos of compute, storage, and network into integrated hyper-converged or converged solution. Its Disk systems include HVE Converged and Hyper-converged Infrastructure. It generates the majority of its revenue from the services it offers. All of its revenue comes from the Americas. The Company has two operating segments: Digital Mining and Service and Product. The Digital Mining segment generates revenue from the digital currency, it earns through its bitcoin mining activities. The Service and Product segment generates revenue from long-term customer contracts for service contracts and extended service contract and the sale of products related to the Company's data storage product line.

Bitcoin

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

News

Markets

General

$BTC

BITF

CIFR

COIN

Core Scientific, Inc. - Class A Common Stock

CORZ

MARA

MAWSON INFRSTRUCTURE GRP by Mawson Infrastructure Group Inc.

MIGI

MSTR

WULF

In the wake of a more than 4% surge in Bitcoin’s (CRYPTO: BTC) price over the last 24 hours, stocks linked to the cryptocurrency have experienced a notable increase.

Bitcoin&#39;s Price Rebound Triggers Rally In Crypto-Linked Stocks As Expert Highlights &#39;Very Bullish Long Term&#39; Outlook

Penny Stocks

Small Cap

Intraday Update

Movers

Trading Ideas

ACON

AGRI

ARGX

ASST

AUVI

BLUE

CRGX

DESP

FLNC

GMBL

HCDI

HIVE

IMVT

KULR

LQDA

MGNX

MNKD

Nuveen Insured California Premium Fund Ii

NOGN

PBLA

PRZO

RDHL

TTOO

VSTE

XAIR

ZJYL

Steelcase Inc. (NYSE: SCS) shares moved higher during Wednesday&#39;s session following quarterly results.

Why Steelcase Shares Are Trading Lower By Around 13%? Here Are Other Stocks Moving In Wednesday&#39;s Mid-Day Session

Pre-Market Outlook

Alterity Therapeutics Limited - American Depositary Shares

ATHE

ALPS ETF Trusthen & Steers Global Realty Majors ETF

GTLB

IBIO

JOAN

LSDI

MINM

MMAT

NRSN

SNOA

SSNT

TAOP

VRPX

WHLR

Shares of  GitLab Inc. (NASDAQ: GTLB) rose sharply in pre-market trading after the company posted better-than-expected results for its third quarter and issued a stro

Why GitLab Shares Are Trading Higher By Over 16%; Here Are 20 Stocks Moving Premarket

Sphere 3D Corp

Anyswap

Anycolor Inc

AnyTech365

Aena SME SA

WIIM

ADBE

ADSK

CRWD

FTNT

FUFU

GREE

GRYP

HUBS

IFBD

MRIN

NICE

PATH

PRCH

SHOP

SLNH

STIX

Shares of software stocks are trading lower amid broader tech weakness, which may be due to rate cut concerns following mixed inflation data this week.

Sphere 3D shares are trading lower after the company reported worse-than-expected Q4 financial results.

Sphere 3D (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANY#NASDAQ">ANY</a>) reported quarterly losses of $(0.64) per share which missed the analyst consensus estimate of $(0.28) by 128.57 percent. This is a 94.81 percent increase over losses of $(12.32) per share from the same period last year. The company reported quarterly sales of $7.69 million which missed the analyst consensus estimate of $7.70 million by 0.13 percent. This is a 438.52 percent increase over sales of $1.43 million the same period last year.

Earnings

On Wednesday March 13, 2024, Sphere 3D Reported Q4 EPS $(0.64) Misses $(0.28) Estimate, Sales $7.69M Miss $7.70M Estimate

ARBK

BTDR

CLSK

DGHI

IREN

RIOT

Shares of crypto-related stocks are trading higher amid a rise in the price of Bitcoin.

ADEA

ANSS

APPN

APPS

ASAN

AWRE

BTBT

CCSI

CYBR

DMRC

DOMO

DTSS

ESTC

EXFY

FIVN

INFA

INTU

LPSN

MARK

MTTR

OSPN

OTEX

PHUN

PLTR

PWSC

QTWO

SNPS

SSTI

TEAM

WETG

XTKG

ZENV

Shares of several software companies are trading lower as Treasury yields rise following a greater-than-expected increase in U.S. January inflation data.

In the wake of a more than 4% surge in Bitcoin&#8217;s (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) price over the last 24 hours, stocks linked to the cryptocurrency have experienced a notable increase.
This upward trend comes as <a href="https://www.benzinga.com/markets/cryptocurrency/24/01/36806487/bitcoin-etfs-more-likely-off-ramp-for-whales-than-on-ramp-for-traditional-investors-analys">experts caution against</a> adopting a bearish outlook at this juncture.
What Happened: As reported by <a href="https://www.coindesk.com/markets/2024/01/26/crypto-linked-stocks-rise-with-bitcoin-as-analyst-says-not-the-time-to-turn-bearish/">CoinDesk</a> on Friday, stocks associated with cryptocurrency ended the week on a high note.
Stocks in companies such as Cipher Mining Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CIFR#NASDAQ">CIFR</a>), Mawson Infrastructure Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MIGI#NASDAQ">MIGI</a>), Core Scientific Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CORZ#NASDAQ">CORZ</a>), Sphere 3D Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANY#NASDAQ">ANY</a>), TeraWulf Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WULF#NASDAQ">WULF</a>), Bitfarms Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BITF#NASDAQ">BITF</a>), Marathon Digital Holdings LLC. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>), and Hut 8 Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HUT#NASDAQ">HUT</a>) saw increases ranging from 5% to 23%.
Other crypto-related stocks, including Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) and MicroStrategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), also experienced gains of between 4% and 9% on Friday.
MicroStrategy holds approximately 189,000 Bitcoin in its balance sheet.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/01/36714465/bitdeers-nasdaq-btdr-eco-friendly-bet-on-bhutan-how-balancing-growth-with-environmental-im?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bitdeer's Eco-Friendly Bet On Bhutan: How Balancing Growth With Environmental Impact Is Paying Off For The Company</a>
Why It Matters: The resurgence in crypto stocks follows a week of selling, with some bullish investors seemingly returning to the crypto market. This comes amid a <a href="https://www.benzinga.com/markets/cryptocurrency/24/01/36806487/bitcoin-etfs-more-likely-off-ramp-for-whales-than-on-ramp-for-traditional-investors-analys">challenging market landscape</a>, where market concentration in giants and small-caps&#8217; unique bear performance, despite the S&amp;P 500 ending the week on a positive note, paints a diverse challenging picture.
Stocks offering investors exposure to Bitcoin <a href="https://www.benzinga.com/markets/cryptocurrency/24/01/36795512/as-billions-of-dollars-flowed-into-bitcoin-etfs-crypto-stocks-like-microstrategy-coinbase-">experienced a downturn</a> following Bitcoin's price drop to levels below $41,000, despite initial enthusiasm surrounding the introduction of spot crypto exchange-traded funds (ETFs) in the United States.
This downturn had a spillover effect on companies holding significant Bitcoin assets, including MicroStrategy and Coinbase.
Markus Thielen, head of research at 10x Research, advised against turning bearish, stating that the macro environment will remain a tailwind in 2024, and the US election cycle will see a constructive fiscal response that will lift asset prices higher.
"The demand is very real and this all should be viewed as very bullish long term," <a href="https://www.benzinga.com/markets/cryptocurrency/24/01/36808591/bitcoin-rallies-6-above-42-000-very-bullish-long-term-development-says-technical-analyst">according to technical analyst </a>Pentoshi.
Price Action: At the time of writing this story, Bitcoin was trading at $41,813, up 4.05% in the last 24 hours, according to data from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/01/36756727/bitcoin-etfs-mark-a-transformative-moment-ese-entertainment-is-making-gaming-more-crypto-f?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bitcoin ETFs Mark A Transformative Moment</a>
Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Photo courtesy: Roy Buri from Pixabay

Bitcoin's Price Rebound Triggers Rally In Crypto-Linked Stocks As Expert Highlights 'Very Bullish Long Term' Outlook

BETS

BTOG

Shares of several crypto-related stocks are trading higher amid strength in Bitcoin.

ALKT

CDNS

DDOG

MNDY

SOUN

WDAY

Shares of several software companies are trading higher amid a drop in Treasury yields. Some stocks in the sector are also up following announcements at CES 2024.

Asset Sales

Sphere 3D Sold Its Subsidiary, HVE To Former President Joseph O'Daniel, For A Nominal Amount As Part Of The Company's Transition Into The Cryptocurrency Business, Resulting In O'Daniel's Resignation And A Revised Compensation Agreement

HC Wainwright &amp; Co. analyst Kevin Dede initiates coverage on Sphere 3D (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANY#NASDAQ">ANY</a>) with a Buy rating and announces Price Target of $5.

Price Target

Initiation

Analyst Ratings

HC Wainwright & Co. Initiates Coverage On Sphere 3D with Buy Rating, Announces Price Target of $5

Steelcase Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/scs#NYSE">SCS</a>) shares moved higher during Wednesday&#39;s session following quarterly results.
Steelcase posted upbeat earnings for its third quarter, while sales missed estimates. The company said it sees fourth-quarter adjusted earnings of 19 cents to 23 cents per share on revenue of $765 million to $790 million.
Steelcase shares gained 12.7% to $14.31 on Wednesday.
Here are some other stocks moving in today&#39;s mid-day session.
<h3>Gainers</h3>
<ul>
<li>ParaZero Technologies Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/przo#NASDAQ">PRZO</a>) climbed 86.4% to $1.3050. ParaZero successfully completed its drone safety project with a Fortune 500 leading automotive manufacturer.</li>
<li>Polished.com Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pol#NYSE">POL</a>) shares climbed 77.3% to $1.8794. Jerald Hammann, a Polished.com shareholder, urged shareholders concerned about their investment in Polished.com to collaborate to increase the effectiveness of their actions.</li>
<li>Conduit Pharmaceuticals Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cdt#NASDAQ">CDT</a>) gained 35% to $5.65.</li>
<li>Applied UV, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/auvi#NASDAQ">AUVI</a>) rose 29.5% to $2.38 after the company&#39;s recent announcement on successfully integrating its PURO and Airocide businesses into its Sterilumen subsidiary.</li>
<li>Aclarion, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/acon#NASDAQ">ACON</a>) shares rose 24.7% to $0.3650 after the company was granted U.S. patent #11844601 for &quot;MR SPECTROSCOPY SYSTEM FOR DIAGNOSING PAINFUL AND NON-PAINFUL INTERVERTEBRAL DISCS (Severe Low Back Pain).&quot;</li>
<li>RedHill Biopharma Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rdhl#NASDAQ">RDHL</a>) gained 22.7% to $1.6197. RedHill and U.S. Army announced Opaganib and RHB-107 combinations with remdesivir show distinct synergistic effect against ebola.</li>
<li>Canaan Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/can#NASDAQ">CAN</a>) gained 20.8% to $2.6950.</li>
<li>Sphere 3D Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/any#NASDAQ">ANY</a>) rose 19.4% to $2.3300.</li>
<li>Asset Entities Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/asst#NASDAQ">ASST</a>) shares gained 18% to $0.4599. Asset Entities recently announced the launch of Ternary V2, the next generation of Ternary&rsquo;s Stripe-verified digital community payment processing platform.</li>
<li>Applied UV, Inc.(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/auvi#NASDAQ">AUVI</a>) gained 17.4% to $2.1502 after jumping around 21% on Tuesday. Applied UV recently announced successful integration of its PURO UV disinfection and airocide food preservation units to optimize cost reduction and expand global growth opportunities.</li>
<li>Beyond Air, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/xair#NASDAQ">XAIR</a>) shares gained 17.3% to $1.9950. Beyond Air, Director Robert Carey, reported the purchase of 1.2 million shares at an average price of $1.635 per share in Form 4 filing on Tuesday.</li>
<li>T2 Biosystems, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ttoo#NASDAQ">TTOO</a>) rose 15.1% to $5.54.</li>
<li>MacroGenics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mgnx#NASDAQ">MGNX</a>) gained 12.7% to $10.41. Citigroup upgraded Macrogenics from Neutral to Buy and raised the price target from $7 to $13.</li>
<li>Clear Channel Outdoor Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cco#NYSE">CCO</a>) gained 12.5% to $1.89. Clear Channel Outdoor named David Sailer as Executive Vice President, CFO, effective as of March 1, 2024 and reaffirmed guidance for FY23.</li>
<li>Liquidia Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lqda#NASDAQ">LQDA</a>) gained 11.5% to $8.79.</li>
<li>Despegar.com, Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/desp#NYSE">DESP</a>) jumped 11% to $10.10. B. Riley Securities maintained Despegar.com with a Buy and raised the price target from $12 to $15.</li>
<li>HIVE Digital Technologies Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hive#NASDAQ">HIVE</a>) gained 9.9% to $4.2090. HIVE Digital recently announced a $25 million bought deal private placement of 5m special warrants at a price of $5/warrant financing.</li>
<li>DXC Technology Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dxc#NYSE">DXC</a>) fell 9.2% to $22.73.&nbsp;DXC Technology named Raul Fernandez as interim President and CEO, succeeding Mike Salvino, effective immediately. The company reaffirmed its third-quarter guidance and FY24 free cash flow guidance of $800 million.</li>
<li>
The Toro Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ttc#NYSE">TTC</a>) surged 8.2% to $96.54 after the company reported better-than-expected fourth-quarter financial results and issued guidance.
</li>
</ul>
&nbsp;
<h3>Losers</h3>
<ul>
<li>Jin Medical International Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/zjyl#NASDAQ">ZJYL</a>) shares fell 46.4% to $61.00 after gaining around 12% on Tuesday. Last Thursday, before the market open, the company announced that it had signed a preliminary Memorandum of Understanding (MOU) with Jiangsu Zhongjin Kanglu Information Technology Co., Ltd.</li>
<li>Vast Renewables Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vste#NASDAQ">VSTE</a>) fell 44.4% to $6.66 after dipping 14% on Tuesday.</li>
<li>bluebird bio, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/blue#NASDAQ">BLUE</a>) shares dipped 44.2% to $1.3550 after the company announced pricing of a $125 million public offering of common stock.</li>
<li>Harbor Custom Development, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hcdi#NASDAQ">HCDI</a>) fell 31% to $0.2199. Harbor Custom Development recently announced Chapter 11 bankruptcy protection filing.</li>
<li>KULR Technology Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/kulr#NASDAQ">KULR</a>) shares fell 29.1% to $0.2099 after the company reported pricing of $900,000 public offering of common stock.</li>
<li>Esports Entertainment Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gmbl#NASDAQ">GMBL</a>) fell 28.4% to $0.0146.</li>
<li>AgriFORCE Growing Systems Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/agri#NASDAQ">AGRI</a>) dipped 26.2% to $0.4274. Agriforce Growing Systems filed for offering of up to 8.72 million shares of common stock by the selling stockholders.</li>
<li>argenx SE (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/argx#NASDAQ">ARGX</a>) shares fell 24.3% to $342.54 after the company disclosed topline results from the ADDRESS study evaluating efgartigimod subcutaneous in adults with pemphigus vulgaris and pemphigus foliaceus.</li>
<li>Nogin, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nogn#NASDAQ">NOGN</a>) fell 24% to $0.1230 after surging 42% on Tuesday.</li>
<li>Northann Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ncl#NASDAQ">NCL</a>) tumbled 22.2% to $1.40.</li>
<li>Meiwu Technology Company Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wnw#NYSE">WNW</a>) dipped 21.6% to $2.1701.</li>
<li>Know Labs, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/knw#NYSE">KNW</a>) fell 20% to $0.60 following fourth-quarter results.</li>
<li>Fluence Energy, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/flnc#NASDAQ">FLNC</a>) declined 17.9% to $22.34. Energy Storage News reported Fluence customer seeking refund for Diablo Bess Epc Contract, citing &#39;defects and chronic failures&#39;.</li>
<li>CARGO Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/crgx#NASDAQ">CRGX</a>) fell 11.4% to $18.16.</li>
<li>Immunovant, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/imvt#NASDAQ">IMVT</a>) shares fell 11.4% to $36.79.</li>
<li>Panbela Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pbla#NASDAQ">PBLA</a>) fell 10.7% to $1.4004 after jumping 55% on Tuesday. The company recently announced FDA approval of eflornithine, a drug they divested to US WorldMeds, for treating high-risk neuroblastoma patients who responded partially to prior therapies.</li>
<li>FedEx Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fdx#NYSE">FDX</a>) shares fell 10.5% to $250.60 after the company posted weaker-than-expected earnings for its second quarter and lowered its full-year revenue outlook..</li>
<li>Diversified Energy Company PLC (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dec#NYSE">DEC</a>) declined 9.2% to $14.82.</li>
<li>MannKind Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mnkd#NASDAQ">MNKD</a>) fell 7.2% to $3.63.</li>
<li>Aon plc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/aon#NYSE">AON</a>) fell 6.8% to $291.56 after the company announced it will acquire NFP.</li>
</ul>
&nbsp;
Now Read This: <a href="https://www.benzinga.com/trading-ideas/long-ideas/23/12/36323736/around-2m-bet-on-this-healthcare-stock-check-out-these-4-penny-stocks-insiders-are-aggre"> Around $2M Bet On This Healthcare Stock? Check Out These 4 Penny Stocks Insiders Are Aggressively Buying</a>

Why Steelcase Shares Are Trading Lower By Around 13%? Here Are Other Stocks Moving In Wednesday's Mid-Day Session

AUUD

BLND

CGNT

EBIX

MicroCloud Hologram Inc. - Ordinary Shares

HOLO

Shares of several software companies are trading higher amid strong market sentiment following the Fed's decision to leave rates unchanged. Most Fed officials expect rate cuts in 2024-2026, which could be favorable for growth stocks.

Shares of GitLab Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gtlb#NASDAQ">GTLB</a>) rose sharply in pre-market trading after the company posted better-than-expected results for its third quarter and issued a <a href="https://www.benzinga.com/news/earnings/23/12/36080955/gitlab-stock-pops-after-q3-results-and-guidance-surpass-estimates-the-details">strong forecast for FY24</a>.
GitLab posted earnings of nine cents per share, exceeding the Street&#39;s estimate of losses of one cent per share. Quarterly sales of $149.70 million clocked in above analyst expectations of $141.49 million, according to <a href="http://pro.benzinga.com/">Benzinga Pro</a>.
The company said it sees full-year 2024 earnings to be between 12 cents and 13 cents per share, versus the estimate of losses of six cents. Full-year revenue is expected to be between $573 million and $574 million, versus the $558.14 million estimate.
GitLab shares gained 16.4% to $61.63 in pre-market trading.
Here are some other stocks moving in pre-market trading.
<h3>Gainers</h3>
<ul>
<li>Wheeler Real Estate Investment Trust Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/whlr#NASDAQ">WHLR</a>) shares gained 62.5% to $0.46 in pre-market trading after falling over 12% on Monday.</li>
<li>Meta Materials Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mmat#NASDAQ">MMAT</a>) shares rose 52.7% to $0.1068 in pre-market trading. Meta Materials shares fell 36% on Monday after the company announced a $6 million registered direct offering.</li>
<li>NeuroSense Therapeutics Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nrsn#NASDAQ">NRSN</a>) rose 38.9% to $2.07 in pre-market trading. NeuroSense will report new data from randomized, placebo-controlled, double-blind segment of Phase 2b PARADIGM ALS trial on Dec. 5.</li>
<li>Sonoma Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/snoa#NASDAQ">SNOA</a>) shares surged 37.8% to $0.2611 in pre-market trading after gaining 12% on Monday. The company, last month, posted weak quarterly results.</li>
<li>Nxu, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nxu#NASDAQ">NXU</a>) gained 32.2% to $0.0361 in pre-market trading after gaining 29% on Monday.</li>
<li>Universal Security Instruments, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/uuu#NYSE">UUU</a>) shares rose 14.2% to $2.49 in pre-market trading. Universal Security, last month, posted a loss for the second quarter.</li>
<li>Esports Entertainment Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gmbl#NASDAQ">GMBL</a>) shares rose 13.4% to $0.0211 in pre-market trading.</li>
<li>Nexalin Technology, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nxl#NASDAQ">NXL</a>) gained 12.1% to $0.49 in pre-market trading.</li>
<li>Inovio Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ino#NASDAQ">INO</a>) shares climbed 11.4% to $0.4510 in pre-market trading. Inovio Pharmaceuticals, last month, posted in-line loss for the third quarter.</li>
</ul>
<h3>Losers</h3>
<ul>
<li>Alterity Therapeutics Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/athe#NASDAQ">ATHE</a>) dipped 21.2% to $3.31 in pre-market trading. Alterity Therapeutics will host webcast to discuss ATH434 efficacy data in primates and recent clinical progress on Tuesday, Dec. 5 in the US.</li>
<li>SilverSun Technologies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ssnt#NASDAQ">SSNT</a>) shares fell 21.1% to $9.86 in pre-market trading after jumping 240% on Monday. SilverSun Technologies announced Jacobs Private Equity II and minority co-investors will invest $1 billion in the company.</li>
<li>GRI Bio, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gri#NASDAQ">GRI</a>) shares fell 17.7% to $0.6070 in pre-market trading. GRI Bio recently announced FDA clearance of IND for lead program GRI-0621, a Type 1 invariant NKT antagonist for the treatment of idiopathic pulmonary fibrosis.</li>
<li>Lucy Scientific Discovery Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lsdi#NASDAQ">LSDI</a>) shares fell 17.2% to $0.2830 in pre-market trading after gaining over 66% on Monday.</li>
<li>iBio, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ibio#NYSE">IBIO</a>) shares fell 15.2% to $2.29 in pre-market trading after declining 10% on Monday. iBio recently approved a 20-to-1 reverse stock split of its common stock.</li>
<li>Virpax Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vrpx#NASDAQ">VRPX</a>) fell 14.5% to $0.38 in pre-market after surging 12% on Monday. Virpax Pharmaceuticals recently appointed Gerald Bruce as CEO and Eric Floyd as Chairman.</li>
<li>Minim, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/minm#NASDAQ">MINM</a>) fell 13.2% to $3.30 in pre-market trading after jumping 19% on Monday.</li>
<li>Taoping Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/taop#NASDAQ">TAOP</a>) fell 12.8% to $1.42 in pre-market trading after gaining more than 10% on Monday.</li>
<li>JOANN Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/joan#NASDAQ">JOAN</a>) shares fell 11.6% to $0.7870 in pre-market trading after the company reported third-quarter earnings.</li>
<li>Sphere 3D Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/any#NASDAQ">ANY</a>) fell 9.3% to $0.9701 in pre-market trading after jumping over 33% on Monday.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/news/earnings/23/12/36084953/jm-smucker-autozone-and-3-stocks-to-watch-heading-into-tuesday"> JM Smucker, AutoZone And 3 Stocks To Watch Heading Into Tuesday</a>

Shares of Hawaiian Airlines (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ha#NASDAQ">HA</a>) shares rose sharply in pre-market trading after Alaska Air Group, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/alk#NYSE">ALK</a>) announced plans to acquire the company in a <a href="https://www.benzinga.com/m-a/23/12/36061992/alaska-air-set-to-acquire-hawaiian-airlines-in-a-1-9b-deal">deal worth $1.9 billion</a>.
As reported by CNN on Sunday, this merger is expected to provide customers with a broader range of domestic and international options.
Hawaiian Holdings shares jumped 181.8% to $13.70 in pre-market trading.
Here are some other stocks moving in pre-market trading.
<h3>Gainers</h3>
<ul>
<li>Hut 8 Mining Corp (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hut#NASDAQ">HUT</a>) shares rose 457.7% to $12.66 in pre-market trading. Hut 8 and US Bitcoin Corp announced completion of business combination.</li>
<li>Bit Brother Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bets#NASDAQ">BETS</a>) rose 112.2% to $0.0825 in pre-market trading after surging 43% on Friday. Bit Brother said it purchased 3300 units of Antminer S19 miners, injecting powerful momentum into its <a href="https://www.benzinga.com/money/bitcoin-mining-software/">Bitcoin mining</a> operations.</li>
<li>Sphere 3D Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/any#NASDAQ">ANY</a>) gained 35% to $1.08 in pre-market trading after gaining 28% on Friday.</li>
<li>LumiraDx Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lmdx#NASDAQ">LMDX</a>) shares surged 34% to $0.1580 in pre-market trading after falling 32% on Friday.</li>
<li>Neptune Wellness Solutions Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nept#NASDAQ">NEPT</a>) shares rose 24.7% to $0.8799 in pre-market trading after falling 13% on Friday.</li>
<li>Genetic Technologies Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gene#NASDAQ">GENE</a>) gained 24.1% to $0.85 in pre-market trading after gaining 6% on Friday.</li>
<li>Lucy Scientific Discovery Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lsdi#NASDAQ">LSDI</a>) shares climbed 23.4% to $0.2530 in pre-market trading.</li>
<li>Next.e.GO N.V. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/egox#NASDAQ">EGOX</a>) gained 20.4% to $0.6983 in pre-market trading.</li>
<li>Soluna Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/slnh#NASDAQ">SLNH</a>) shares rose 17.7% to $3.99 in pre-market trading after gaining 9% on Friday.</li>
</ul>
<h3>Losers</h3>
<ul>
<li>NLS Pharmaceutics AG (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nlsp#NASDAQ">NLSP</a>) dipped 21.2% to $0.4807 in pre-market trading after jumping 39% on Friday. NLS Pharmaceutics launched an exclusive option agreement to develop and commercialize next generation dual orexin agonist platform of Aexon Labs.</li>
<li>Panbela Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pbla#NASDAQ">PBLA</a>) shares fell 17.8% to $0.4916 in pre-market trading after gaining 13% on Friday. Panbela Therapeutics recently said that the independent Data Safety Monitoring Board recommended the study continue without modification.</li>
<li>Tenax Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tenx#NASDAQ">TENX</a>) shares fell 16.1% to $0.3134 in pre-market trading after gaining over 7% on Friday.</li>
<li>Nogin, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nogn#NASDAQ">NOGN</a>) shares fell 15.6% to $0.1858 in pre-market trading. On Nov. 27, Alliance Global Partners downgraded Nogin from Neutral to Sell.</li>
<li>FOXO Technologies Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/foxo#NYSE">FOXO</a>) shares fell 15.2% to $0.3470 in pre-market trading after gaining over 22% on Friday. FOXO Technologies issued a business update on the planned commercial rollout of its new direct-to-consumer (DTC) app, the VITHAR&trade; AI Health Coach.</li>
<li>Garden Stage Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gsiw#NASDAQ">GSIW</a>) fell 14% to $8.77 in pre-market after surging 155% on Friday.</li>
<li>Vivos Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vvos#NASDAQ">VVOS</a>) fell 13.8% to $17.13 in pre-market trading after dipping 19% on Friday. Vivos Therapeutics recently received FDA 510(k) clearance for treating severe obstructive sleep apnea in adults using the Vivos&#39; removable CARE oral appliances.</li>
<li>Cuentas Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cuen#NASDAQ">CUEN</a>) shares fell 10.5% to $1.36 in pre-market trading after gaining over 18% on Friday.</li>
<li>Virgin Galactic Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/spce#NYSE">SPCE</a>) fell 10.3% to $2.10 in pre-market trading after gaining around 5% on Friday.</li>
<li>Alaska Air Group, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/alk#NYSE">ALK</a>) fell 9.4% to $36.01 in pre-market trading. Alaska Air Group announced plans to acquire Hawaiian Holdings in a deal worth $1.9 billion.</li>
</ul>
&nbsp;
Now Read This: <a href="https://www.benzinga.com/news/earnings/23/12/36063278/saic-hawaiian-holdings-and-3-stocks-to-watch-heading-into-monday"> SAIC, Hawaiian Holdings And 3 Stocks To Watch Heading Into Monday</a>

CUEN

EGOX

FOXO

GENE

GSIW

LMDX

NEPT

NLSP

SPCE

TENX

VVOS

Why Hawaiian Airlines Shares Are Trading Higher By Over 180%; Here Are 20 Stocks Moving Premarket

Gainers
Heart Test Laboratories, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hscs#NASDAQ">HSCS</a>) shares surged 332% to $0.6455 in pre-market trading after falling over 7% on Tuesday.
GAN Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gan#NASDAQ">GAN</a>) shares rose 97.4% to $1.76 in pre-market trading as the company agreed to be acquired by Sega Sammy Creation for $1.97 per share in cash.
Lumos Pharma, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lumo#NASDAQ">LUMO</a>) shares rose 53% to $5.57 in pre-market trading after the company reported a narrower-than-expected third-quarter loss.
Porch Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/prch#NASDAQ">PRCH</a>) shares climbed 21.4% to $0.8568 in pre-market trading after the company reported better-than-expected Q3 sales results.
Upwork Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/upwk#NASDAQ">UPWK</a>) shares jumped 21% to $14.55 in pre-market trading after the company reported better-than-expected third-quarter financial results and announced a $100 million share buyback program.
American Public Education, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/apei#NASDAQ">APEI</a>) rose 20.9% to $5.20 in pre-market trading following upbeat third-quarter results.
Sphere 3D Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/any#NASDAQ">ANY</a>) shares rose 18.5% to $1.22 in pre-market trading after gaining 7% on Tuesday.
The RealReal, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/real#NASDAQ">REAL</a>) rose 15.5% to $1.86 in pre-market trading following strong third-quarter results.
Enovix Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/envx#NASDAQ">ENVX</a>) gained 14.5% to $11.72 in pre-market trading after the company reported better-than-expected third-quarter financial results.
Evolus, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/eols#NASDAQ">EOLS</a>) shares rose 13.4% to $9.16 in pre-market trading after the company reported better-than-expected third-quarter sales.
Losers
DURECT Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/drrx#NASDAQ">DRRX</a>) dipped 64.8% to $0.9065 in pre-market trading. Durect&#39;s topline results from Phase 2B AHFIRM trial of larsucosterol in alcohol-associated hepatitis did not achieve statistical significance for either dose on the primary endpoint of mortality or transplant at 90 days.
Sleep Number Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/snbr#NASDAQ">SNBR</a>) shares fell 31.4% to $11.00 in pre-market trading after the company reported third-quarter financial results.
Nerdy, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nrdy#NYSE">NRDY</a>) shares fell 27.7% to $2.24 in pre-market trading after the company issued a weak revenue forecast.
LQR House Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lqr#NASDAQ">LQR</a>) shares fell 22.9% to $0.0870 in pre-market trading after the company announced the acquisition of <a href="http://www.cwspirits.com" title="www.cwspirits.com">www.cwspirits.com</a>, an alcohol e-commerce platform, granting access to a dedicated customer base of over 125,000.
Upstart Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/upst#NASDAQ">UPST</a>) shares fell 22.7% to $22.75 in pre-market trading after the company reported worse-than-expected third-quarter financial results.
Royalty Management Holding Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rmco#NASDAQ">RMCO</a>) fell 20.1% to $5.76 in pre-market trading after dipping 27% on Tuesday.
Tharimmune, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/thar#NASDAQ">THAR</a>) fell 19.4% to $0.2095 in pre-market. Tharimmune shares jumped 65% on Tuesday after the company announced the execution of an exclusive worldwide licensing agreement with Avior to develop, market, and commercialize a clinical-stage asset, AV104.
Toast, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tost#NYSE">TOST</a>) shares fell 18.7% to $14.03 in pre-market trading after the company reported third-quarter financial results.
Flywire Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/flyw#NASDAQ">FLYW</a>) fell 17.3% to $22.88 in pre-market trading after the company reported Q3 financial results.
Leju Holdings Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/leju#NYSE">LEJU</a>) shares fell 11.6% to $1.14 in pre-market trading after jumping 29% on Tuesday.
Now Read This: <a href="https://www.benzinga.com/news/earnings/23/11/35665548/kellanova-ebay-and-3-stocks-to-watch-heading-into-wednesday"> Kellanova, eBay And 3 Stocks To Watch Heading Into Wednesday</a>

APEI

DRRX

ENVX

EOLS

FLYW

HSCS

LEJU

LUMO

NRDY

REAL

RMCO

SNBR

THAR

TOST

UPST

UPWK

Why American Public Education Shares Are Trading Higher By Around 21%; Here Are 20 Stocks Moving Premarket