The stock market is buzzing this morning, with several companies making significant moves in pre-market trading. Leading the charge is Intuitive Machines, Inc. (LUNR), whose shares surged 41.1% to $7.62 after the company announced it had been awarded a NASA Near Space Network contract. This contract, valued at a maximum potential of $4.82 billion, will see Intuitive Machines provide communication and navigation services.
Other notable gainers include Portage Biotech Inc. (PRTG), which soared 231% to $15.02 following a 15% jump on Tuesday. Odyssey Marine Exploration, Inc. (OMEX) rose 89.3% to $0.9395, rebounding after a steep decline on Tuesday. Veea Inc. (VEEA) also experienced a substantial gain, rising 66.4% to $8.82, following a 42% drop on Tuesday. Several other companies saw significant gains, including Agrify Corp (AGFY), Webuy Global Ltd (WBUY), VivoPower International PLC (VVPR), 1847 Holdings LLC (EFSH), and Windtree Therapeutics, Inc. (WINT).
However, not all pre-market activity was positive. Galmed Pharmaceuticals Ltd. (GLMD) fell 32.9% to $10.13 after a 290% surge on Tuesday. Smith Micro Software, Inc. (SMSI) shares dipped 22.8% to $0.88, while Healthcare Triangle, Inc. (HCTI) fell 17.2% to $0.3766. XCHG Limited (XCH) shares declined 15.3% to $9.40, and Tenon Medical, Inc. (TNON) shares dropped 14.2% to $5.36. Other notable losers included Energous Corporation (WATT), IO Biotech, Inc. (IOBT), 22nd Century Group, Inc. (XXII), iSpecimen Inc. (ISPC), and Newegg Commerce, Inc. (NEGG).
These pre-market fluctuations highlight the dynamic nature of the stock market, where company news, announcements, and market sentiment can dramatically impact stock prices. Investors will be closely watching these companies throughout the day to see how their performance unfolds in regular trading hours.
