Why Ericsson Shares Are Trading Higher By 7%; Here Are 20 Stocks Moving Premarket

Benzinga · 01/23 10:33
Shares of Telefonaktiebolaget LM Ericsson – ADR (NASDAQ:ERIC) rose sharply in pre-market trading following better-than-expected fourth-quarter earnings.
The company reported quarterly earnings of 27 cents per share which beat the analyst consensus estimate of 23 cents per share. The company reported quarterly sales of $7.367 billion which beat the analyst consensus estimate of $7.030 billion.
Ericsson shares jumped 7.1% to $10.26 in the pre-market trading session.
Here are some other stocks moving in pre-market trading.
Gainers
- Ryvyl Inc (NASDAQ:RVYL) gained 96% to $10.27 in pre-market trading after adding 10% on Thursday. On Tuesday, Ryvyl announced that it received written confirmation from Nasdaq stating the company has regained compliance with the minimum bid price requirement under Listing Rule 5550(a)(2).
- Movano Inc (NASDAQ:MOVE) rose 75.6% to $12.24 in pre-market trading after Virginia-based Corvex, the AI cloud company merging with Movano, announced a long-term GPU lease agreement.
- Direct Digital Holdings Inc (NASDAQ:DRCT) gained 45.9% to $3.37 in pre-market trading after climbing 30% on Thursday.
- Blue Gold Ltd (NASDAQ:BGL) rose 37.8% to $5.87 in pre-market trading after jumping 104% on Thursday.
- Revelation Biosciences Inc (NASDAQ:REVB) gained 31.1% to $1.12 in pre-market trading after the company announced it reached agreement with the Food and Drug Administration on an approval pathway for its proprietary drug candidate Gemini as a treatment for acute kidney injury (AKI).
- Brand Engagement Network Inc (NASDAQ:BNAI) rose 25.8% to $10.90 in pre-market trading. The secure conversational AI provider recently finalized a strategic partnership with Valio Technologies to establish an exclusive AI licensing framework for government and commercial markets across Africa.
- Life360 (NASDAQ:LIF) gained 23% to $67.43 in pre-market trading after the company raised its FY2025 sales guidance.
- AiRWA Inc (NASDAQ:YYAI) shares rose 20.5% to $1.41 in pre-market trading.
- Regencell Bioscience Holdings Ltd (NASDAQ:RGC) gained 11.5% to $34.34 in pre-market trading after jumping 40% on Thursday.
Losers
- Aptera Motors Corp (NASDAQ:SEV) fell 21.2% to $1.90 in pre-market trading.
- Ambitions Enterprise Management Co LLC (NASDAQ:AHMA) fell 19.1% to $30.05 in pre-market trading after gaining 42% on Thursday.
- Phoenix Asia Holdings Ltd (NASDAQ:PHOE) dipped 14.2% to $11.72 in pre-market trading.
- Intel Corp (NASDAQ:INTC) shares dipped 13.1% to $47.19 in pre-market trading as the company reported better-than-expected fourth-quarter financial results, but issued a weak outlook after the market close on Thursday
- Emerson Radio Corp (NYSE:MSN) fell 13.1% to $0.38 in pre-market trading after gaining 13% on Thursday.
- American Rebel Holdings Inc (NASDAQ:AREB) declined 12.6% to $0.38 in pre-market trading. American Rebel announced a 1-for-20 reverse stock split set to take effect on Feb. 2.
- Lianhe Sowell International Group Ltd (NASDAQ:LHSW) tumbled 12.4% to $0.69 in pre-market trading after gaining over 5% on Thursday.
- Roma Green Finance Ltd (NASDAQ:ROMA) fell 13.1% to $2.06 in pre-market trading.
- Korea Electric Power Corp (NYSE:KEP) fell 7.1% to $20.94 in pre-market trading after declining 3% on Thursday.
- New Era Energy & Digital Inc (NASDAQ:NUAI) dipped 6% to $7.58 in pre-market trading.
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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.