Lumentum Holdings Inc. (LITE) shares experienced a significant surge during Thursday’s pre-market trading session following the company’s announcement of better-than-expected fourth-quarter financial results and an optimistic revenue outlook for the first quarter. The company reported earnings of 6 cents per share, exceeding the analyst consensus estimate of 3 cents per share. This positive news propelled Lumentum Holdings shares to a 16.4% jump, reaching $52.99 in pre-market trading.
Here’s a glimpse into other stocks making notable moves in pre-market trading:
Gainers:
*
SciSparc Ltd. (SPRC):
The company’s shares skyrocketed by 90.1% to $0.6123 after announcing that the courts have approved a shareholder meeting to vote on a merger with AutoMax.*
VS MEDIA Holdings Limited (VSME):
Following a 4% gain on Wednesday, VSME shares climbed further, rising 86.2% to $1.33 in pre-market trading.*
Altamira Therapeutics Ltd. (CYTO):
Altamira Therapeutics shares saw a substantial gain of 52.2%, reaching $1.40 in pre-market trading.*
Airship AI Holdings, Inc. (AISP):
Reporting a profit for the second quarter, AISP shares jumped 20.2% to $3.03 in pre-market trading.*
Accuray Incorporated (ARAY):
Accuray shares rose 20.2% to $1.72 after exceeding fourth-quarter sales expectations.*
Nxu, Inc. (NXU):
NXU shares gained 15.2%, reaching $0.39 in pre-market trading.*
Ulta Beauty, Inc. (ULTA):
Ulta Beauty shares increased by 15.2% to $379.24, likely driven by Berkshire Hathaway’s acquisition of a stake in the company.*
Onconetix, Inc. (ONCO):
Following a 13% gain on Wednesday, ONCO shares continued to rise, climbing 13.7% to $0.1707 in pre-market trading.*
Syntec Optics Holdings, Inc. (OPTX):
Syntec Optics shares gained 13.6% to $1.67 after releasing second-quarter results on Wednesday.Losers:
*
Turnstone Biologics Corp. (TSBX):
Turnstone Biologics shares plummeted 40.5% to $1.30 in pre-market trading after releasing worse-than-expected second-quarter EPS results.*
Titan Machinery Inc. (TITN):
Titan Machinery shares declined by 26.9% to $11.24 after the company announced weak preliminary financial results for the second quarter.*
Jianzhi Education Technology Group Company Limited (JZ):
Despite a 12% gain on Wednesday, JZ shares dipped by 26.9% to $0.65 in pre-market trading.*
Vicinity Motor Corp (VEV):
VEV shares fell 20.5% to $0.1450 in pre-market trading following a 12% decline on Wednesday.*
Spire Global, Inc. (SPIR):
SPIR shares dropped 18.5% to $8.28 after the company announced a delay in filing its Q2 2024 report.*
Avalon GloboCare Corp. (ALBT):
ALBT shares declined by 18% to $0.3922 in pre-market trading after a significant jump on Wednesday.*
Faraday Future Intelligent Electric Inc. (FFIE):
FFIE shares fell 16.4% to $0.1403 after announcing a reverse stock split and authorized share reduction.*
Aethlon Medical, Inc. (AEMD):
AEMD shares dropped 16.1% to $0.3227 following worse-than-expected first-quarter EPS results.*
Digital Ally, Inc. (DGLY):
Despite a 62% surge on Wednesday, DGLY shares declined 14.6% to $1.160 in pre-market trading.*
