The pre-market trading session on Wall Street was a rollercoaster of emotions, with several stocks making significant moves driven by a mix of positive and negative news.
Stride, Inc. (LRN) Takes Flight on Strong Earnings
Shares of Stride, Inc., a leading provider of education and career services, soared a remarkable 24.3% to $80.25 in pre-market trading. The surge was fueled by the company’s strong first-quarter financial results, which exceeded analysts’ expectations. Stride reported quarterly earnings of 94 cents per share, far exceeding the consensus estimate of 20 cents per share. Revenue for the quarter also beat expectations, reaching $551.084 million compared to the anticipated $506.081 million. Further boosting investor confidence, Stride provided optimistic FY25 revenue guidance, setting the stage for continued growth.
Other Notable Gainers
Several other stocks experienced significant gains in pre-market trading, driven by positive news and regulatory updates:
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CNS Pharmaceuticals, Inc. (CNSP):
Shares surged a staggering 99.4% to $0.3124, building on Tuesday’s 7% jump.*
DBV Technologies S.A. (DBVT):
The company’s shares gained 75.7% to $1.23, fueled by positive regulatory updates for its Viaskin® Peanut Patch in the US and Europe.*
Mustang Bio, Inc. (MBIO):
Shares climbed 60.6% to $0.4531, recovering from a 4% decline on Tuesday.*
Farmmi, Inc. (FAMI):
The company’s shares rose 55.2% to $0.4890, following a 4% gain on Tuesday.*
Zapata Computing Holdings Inc. (ZPTA):
Shares gained 39.6% to $0.0885 after dipping around 18% on Tuesday.*
ShiftPixy, Inc. (PIXY):
The company’s shares jumped 30.3% to $10.67 on news of a $150 million deal to acquire AI innovator TurboScale.*
Phunware, Inc. (PHUN):
Shares climbed 23.4% to $14.37, building on a 38% jump on Tuesday.*
22nd Century Group, Inc. (XXII):
Shares gained 19.3% to $0.1387, following a double-digit gain on Tuesday.*
Daqo New Energy Corp. (DQ):
Shares rose 15.8% to $24.10 ahead of the company’s third-quarter financial results release on Wednesday.Stocks Facing Headwinds
While positive news propelled some stocks, others faced headwinds, leading to significant declines in pre-market trading:
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Alto Neuroscience, Inc. (ANRO):
Shares dipped a substantial 61.4% to $5.59 after the company announced disappointing topline results from a Phase 2b trial for its treatment of major depressive disorder.*
Genprex, Inc. (GNPX):
Shares fell 20.9% to $2.84, following a massive 138% surge on Tuesday.*
Ensysce Biosciences, Inc. (ENSC):
Shares declined 19.3% to $0.4351, after a 162% jump on Tuesday.*
Digital Brands Group, Inc. (DBGI):
Shares dropped 18.8% to $0.2973, following a 50% surge on Tuesday.*
Neo-Concept International Group Holdings Limited (NCI):
Shares fell 18.2% to $0.7233, after a 37% decline on Tuesday.*
Chanson International Holding (CHSN):
Shares declined 17.2% to $9.92.*
Enphase Energy, Inc. (ENPH):
Shares fell 15.2% to $78.21 after the company reported worse-than-expected third-quarter financial results.*
Aptevo Therapeutics Inc. (APVO):
Shares declined 14.3% to $0.3023, following a 48% gain on Tuesday.*
XBP Europe Holdings, Inc. (XBP):
Shares declined 11.9% to $1.18.*
McDonald’s Corporation (MCD):
Shares fell 7.2% to $292.20 after the CDC reported an E. coli outbreak linked to quarter-pounders.The pre-market trading session offers a glimpse into the volatility of the stock market, where news can quickly drive prices up or down. Investors will be closely watching these stocks as the regular trading session begins, seeking to understand the underlying drivers of these significant price movements.