Why AMD Shares Are Trading Higher By Over 9%; Here Are 20 Stocks Moving Premarket

Benzinga · 07/31/2024 09:46
Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) shares rose sharply in today's pre-market trading following better-than-expected second-quarter earnings.
AMD reported quarterly earnings of 69 cents per share which beat the analyst consensus estimate of 68 cents per share. The company reported quarterly sales of $5.835 billion which beat the analyst consensus estimate of $5.724 billion, according to data from Benzinga Pro.
AMD shares jumped 9.1% to $151.01 in pre-market trading.
Here are some other stocks moving in pre-market trading.
Gainers
- Primech Holdings Ltd. (NASDAQ:PMEC) gained 114.8% to $1.13 in pre-market trading after gaining over 5% on Tuesday.
- Heramba Electric plc (NASDAQ:PITA) shares climbed 92.8% to $8.29 in pre-market trading after dipping around 49% on Tuesday.
- NuZee, Inc. (NASDAQ:NUZE) rose 79.4% to $6.64 in pre-market trading after gaining around 3% on Tuesday.
- Telesis Bio, Inc. (NASDAQ:TBIO) gained 39.8% to $5.52 in pre-market trading.
- Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) shares gained 33.1% to $0.4205 in pre-market trading after the company regained Nasdaq compliance.
- Powell Industries, Inc. (NASDAQ:POWL) gained 25.3% to $167.02 in pre-market trading after posting better-than-expected third-quarter results.
- BIMI Holdings Inc. (NASDAQ:BIMI) shares gained 22.8% to $0.48 in pre-market trading after dipping 66% on Tuesday.
- DallasNews Corporation (NASDAQ:DALN) shares gained 19.1% to $3.91 in pre-market trading after the company reported a year-over-year increase in second-quarter financial results.
- Vistra Corp. (NYSE:VST) gained 12.1% to $77.35 in pre-market trading after the company announced that the Nuclear Regulatory Commission has approved its request to extend the operation of Comanche Peak Nuclear Power Plant through 2053.
Losers
- FibroGen, Inc. (NASDAQ:FGEN) shares fell 40.2% to $0.6159 in pre-market trading. The company announced topline results from two late-stage trials evaluating the efficacy and safety of pamrevlumab in patients with pancreatic cancer and said its Precision Promise study in metastatic pancreatic cancer did not meet its primary endpoint.
- MacroGenics, Inc. (NASDAQ:MGNX) shares declined 24% to $3.99 in pre-market trading. The company announced a presentation of clinical data from the TAMARACK Phase 2 study of vobramitamab duocarmazine at the upcoming European Society for Medical Oncology Congress 2024.
- Jet.AI Inc. (NASDAQ:JTAI) fell 21.5% to $0.2631 in pre-market trading. Jet.AI announced expiration and successful results of exchange offer and consent solicitation relating to warrants.
- Velo3D, Inc. (NYSE:VLD) shares fell 20.6% to $2.20 in pre-market trading after declining 4% on Tuesday.
- Penumbra, Inc. (NYSE:PEN) shares fell 20.3% to $137.93 in pre-market trading after the company reported second-quarter financial results and cut its FY24 revenue guidance below estimates.
- Groupon, Inc. (NASDAQ:GRPN) shares declined 18.6% to $12.75 in pre-market trading following a second-quarter EPS miss.
- Definitive Healthcare Corp. (NASDAQ:DH) shares fell 17.6% to $4.71 in pre-market trading. Needham analyst Ryan MacDonald reiterated Definitive Healthcare with a Hold.
- O-I Glass, Inc. (NYSE:OI) fell 15.5% to $9.80 in pre-market trading after the company lowered its FY24 guidance.
- Lemonade, Inc. (NYSE:LMND) shares dipped 14.6% to $19.33 in pre-market trading following quarterly results.
- Tivic Health Systems, Inc. (NASDAQ:TIVC) shares fell 12.4% to $0.5056 in pre-market trading after dipping 18% on Tuesday.
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Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.