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