Granite Point Mortgage Trust Soars on Dividend Announcement, Pre-Market Movers & Shakers

The pre-market trading session today saw a surge in shares of Granite Point Mortgage Trust Inc. (GPMT) after the company announced a third-quarter dividend for both common and preferred stock.

Following the market close on Friday, Granite Point Mortgage Trust declared a quarterly cash dividend of 5 cents per share of common stock for the third quarter of 2024. The company’s board also declared a quarterly cash dividend of 43.75 cents per share of the 7.00% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock. This dividend news pushed Granite Point Mortgage Trust shares up 3.2% to $2.93 in pre-market trading.

Here’s a rundown of other stocks that made notable moves in pre-market trading:

Gainers:

*

Nukkleus Inc. (NUKK):

Up 73.3% to $0.3683, building on Friday’s 5% gain.
*

Linkage Global Inc. (LGCB):

Up 54.1% to $0.6445, recovering from a 57% dip on Friday.
*

Wheeler Real Estate Investment Trust, Inc. (WHLR):

Up 42.9% to $19.99, rebounding from a drop of over 25% on Friday.
*

Nuvve Holding Corp. (NVVE):

Up 30.9% to $5.13, following a 16% tumble on Friday.
*

Garden Stage Limited (GSIW):

Up 26.7% to $1.70, recovering from an 83% dip on Friday.
*

Treasure Global Inc. (TGL):

Up 23.5% to $0.84.
*

Gogoro Inc. (GGR):

Up 16.4% to $0.60, partially offsetting a 13% fall on Friday.
*

Stem, Inc. (STEM):

Up 12.8% to $0.4006, recovering from a 12% decline on Friday. Stem recently appointed David Buzby as interim CEO following the departure of John Carrington.
*

AC Immune SA (ACIU):

Up 7.1% to $3.95.

Losers:

*

Jin Medical International Ltd. (ZJYL):

Down 21.5% to $3.20, reversing Friday’s 55% jump.
*

PainReform Ltd. (PRFX):

Down 21.1% to $0.6080. The company recently announced findings regarding the compatibility of sutures in human clinical trials of PRF-110.
*

SolarMax Technology Inc. (SMXT):

Down 19.7% to $0.70, following a 9% surge on Friday.
*

Aditxt, Inc. (ADTX):

Down 19% to $0.31, after a 4% decline on Friday.
*

Chijet Motor Company, Inc. (CJET):

Down 18.5% to $2.28. Chijet Motor Company announced the issuance of ordinary shares to holders of contingent value rights.
*

CERo Therapeutics Holdings, Inc. (CERO):

Down 16% to $0.10, after a 37% jump on Thursday.
*

Gaxos.ai Inc. (GXAI):

Down 15.2% to $2.05. Gaxos.ai announced the exercise of warrants for $3.24 million in gross proceeds.
*

Maxeon Solar Technologies, Ltd. (MAXN):

Down 14.8% to $0.0780. The company received a Nasdaq delisting notification.
*

Primega Group Holdings Limited (PGHL):

Down 10.3% to $15.00, following a gain of over 5% on Friday.
*

James Hardie Industries plc (JHX):

Down 6% to $39.49, after a gain of over 8% on Friday.

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