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Why Pinterest Shares Are Trading Higher By 13%; Here Are 20 Stocks Moving Premarket
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Shares of Pinterest, Inc. (NYSE:PINS) rose sharply in today's pre-market trading after the company reported better-than-expected first-quarter sales results and issued second-quarter sales guidance with its midpoint above estimates. Also, Pinterest’s reported an increase in its monthly average users.

Pinterest reported first-quarter revenue of $855 million, beating estimates of $846.59 million, according to Benzinga Pro. The idea discovery platform company reported first-quarter adjusted earnings of 23 cents per share, missing analyst estimates of 26 cents per share.

Pinterest shares jumped 12.7% to $31.40 in the pre-market trading session.

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

Gainers

  • ZK International Group Co., Ltd. (NASDAQ:ZKIN) rose 88.8% to $4.76 in pre-market trading after jumping 129% on Thursday.
  • SCWorx Corp. (NASDAQ:WORX) surged 75.1% to $0.9595 in pre-market trading.
  • Corvus Pharmaceuticals, Inc. (NASDAQ:CRVS) gained 37% to $4.59 in pre-market trading after it reported first-quarter EPS. The company also reported data from its Cohorts 1-3 of Placebo-Controlled phase 1 clinical trial.
  • Shuttle Pharmaceuticals Holdings, Inc. (NASDAQ:SHPH) jumped 22.3% to $0.33 in pre-market trading after the company announced FDA orphan-drug nears patient enrollment milestone for phase 2 clinical trial.
  • PHX Minerals Inc. (NYSE:PHX) gained 20.8% to $4.33 in pre-market trading after WhiteHawk announced plans to but the company for $4.35 per share.
  • TransMedics Group, Inc. (NASDAQ:TMDX) surged 16.5% to $108.84 in pre-market trading after the company reported better-than-expected first-quarter financial results and raised its FY25 sales guidance above estimates.
  • Green Dot Corporation (NYSE:GDOT) climbed 14.8% to $10.00 in pre-market trading after the company reported better-than-expected first-quarter financial results and raised its FY25 guidance above estimates.
  • The Trade Desk, Inc. (NASDAQ:TTD) gained 14.2% to $68.36 in pre-market trading after the company reported better-than-expected quarterly financial results.
  • Clean Energy Technologies, Inc. (NASDAQ:CETY) gained 12.6% to $0.5293 in pre-market trading after rising 18% on Thursday.

Losers

  • Jade Biosciences, Inc. (NASDAQ:JBIO) shares dipped 44.4% to $5.00 in pre-market trading.
  • NuCana plc (NASDAQ:NCNA) shares fell 39.2% to $0.0626 in pre-market trading after dipping 66% on Thursday. NuCana recently announced a registered direct offering with approximately $7 million gross proceeds.
  • Twin Vee Powercats Co. (NASDAQ:VEEE) shares fell 38.7% to $4.57 in pre-market trading after the company announced the pricing of public offering.
  • Super League Enterprise, Inc. (NASDAQ:SLE) fell 37.5% to $0.2033 in pre-market trading after the company announced the launch of a proposed public offering.
  • Iovance Biotherapeutics, Inc. (NASDAQ:IOVA) shares tumbled 35.6% to $2.04 in pre-market trading after the company reported worse-than-expected first-quarter financial results.
  • Profound Medical Corp. (NASDAQ:PROF) dipped 34.7% to $3.25 in pre-market trading after posting downbeat quarterly earnings.
  • Solidion Technology Inc. (NASDAQ:STI) fell 25.6% to $0.1170 in today's pre-market trading. Solidion Technology shares jumped 67% on Thursday after the company presented its patented technology for transforming lithium-ion facilities into battery producers.
  • Globus Medical, Inc. (NYSE:GMED) fell 17.2% to $60.00 in pre-market trading after the company reported worse-than-expected first-quarter financial results and cut its FY25 adjusted EPS guidance below estimates.
  • FIGS, Inc. (NYSE:FIGS) declined 16.2% to $4.22 in pre-market trading after reporting first-quarter results.
  • Wolfspeed, Inc. (NYSE:WOLF) fell 13.2% to $3.84 in pre-market trading after reporting mixed quarterly results.

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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.
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