Koninklijke Philips N.V. (PHG) shares surged in pre-market trading today, rising 37.1% to $28.87 after the company reported strong first-quarter results and resolved the respironics personal injury and medical monitoring litigation in the US for $1.1 billion.
Other notable gainers in pre-market trading included Inno Holdings Inc. (INHD), Ryde Group Ltd. (RYDE), Akanda Corp. (AKAN), Ocean Biomedical Inc. (OCEA), Wisekey International Holding AG – ADR (WKEY), SolarBank Corp (SUUN), Fulton Financial Corporation (FULT), ImmunityBio, Inc. (IBRX), and Tesla, Inc. (TSLA).
Conversely, Bakkt Holdings, Inc. (BKKT), Clever Leaves Holdings Inc. (CLVR), Addex Therapeutics Ltd (ADXN), iSun, Inc. (ISUN), Boqii Holding Limited (BQ), NuZee, Inc. (NUZE), Cyclacel Pharmaceuticals, Inc. (CYCC), Biodexa Pharmaceuticals Plc (BDRX), Nature Wood Group Limited (NWGL), and mF International Limited (MFI) experienced significant declines in pre-market trading due to various factors such as reverse stock splits, delisting announcements, and disappointing study results.
Overall, the pre-market trading session saw a mix of significant gains and losses across various companies. Investors should monitor these stocks closely for further developments and potential market impacts.
