Oracle Corporation (ORCL) shares soared in pre-market trading on Monday, fueled by a strong earnings report and the announcement of a new strategic partnership with Amazon Web Services (AWS). The company’s first-quarter results exceeded analysts’ expectations, driving investor confidence and sending the stock price up 8.8% to $152.33.
The collaboration with AWS, unveiled as Oracle Database@AWS, allows customers to access Oracle’s Autonomous Database and Exadata Database Service within the AWS ecosystem. This strategic move strengthens Oracle’s position in the cloud computing market and expands its reach within the AWS customer base.
Beyond Oracle’s impressive performance, several other stocks made significant moves in the pre-market session. Here’s a breakdown of the top gainers and losers:
Gainers:
*
Silexion Therapeutics Corp (SLXN):
The company’s stock rose 62.2% to $1.59, continuing its upward trajectory from Monday’s 12% jump.*
Quoin Pharmaceuticals, Ltd (QNRX):
Shares jumped 35.4% to $1.30 following a 25% gain on Monday. The company announced insider share purchases by its co-founders, CEO, and COO, indicating strong internal confidence.*
Actelis Networks, Inc (ASNS):
The stock gained 26.8% to $1.89 after the company secured a new order from a major aerial transportation agency. This order reflects a significant growth opportunity for Actelis Networks.*
Mission Produce, Inc (AVO):
The company’s shares rose 19.8% to $12.82 following news of a new order for a major aerial transportation agency.*
Viridian Therapeutics, Inc (VRDN):
The stock gained 12.6% to $15.98 after announcing the release of its VRDON-001 Phase 3 THRIVE topline results on Tuesday morning.Losers:
*
Singularity Future Technology Ltd (SGLY):
The stock fell 15.7% to $2.15 after the company filed for a mixed shelf offering of up to $20 million.*
Anew Medical, Inc (WENA):
Shares declined 12.3% to $0.7326, reversing Monday’s 14% gain.*
Edgio, Inc (EGIO):
The stock plunged 11.4% to $1.08 following a steep 80% drop on Monday. The company filed for Chapter 11 bankruptcy protection and entered into an asset purchase agreement with Lynrock.*
UTime Limited (WTO):
Shares declined 11.3% to $0.0422 after a 28% drop on Monday. The company announced a 1-for-25 reverse share split.*
SmartKem, Inc (SMTK):
The stock fell 10.1% to $4.98, continuing its downward trend from Monday’s 23% decline.These pre-market movements highlight the dynamic nature of the stock market and the influence of earnings reports, strategic partnerships, and company announcements on investor sentiment. It’s important to note that these are pre-market price movements, and actual trading results may vary.
