Rumble Inc. (RUM) shares took off in pre-market trading today after the company released strong second-quarter financial results that exceeded analysts’ expectations. Rumble reported revenue of $22.5 million, representing a 27% sequential increase. This figure surpassed the Street consensus estimate of $19.69 million, according to data from Benzinga Pro. The company also reported a loss of 13 cents per share, which beat the anticipated loss of 15 cents per share. This positive performance propelled Rumble shares up by 7.1% to $6.16 in pre-market trading.
Here’s a look at other stocks making moves in pre-market trading:
Gainers
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Vicinity Motor Corp. (VEV):
Shares surged by 136.7% to $0.2353 after experiencing a decline of approximately 14% on Monday.*
MKDWELL Tech Inc. (MKDW):
The stock gained 54.1% to $1.71 in pre-market trading following a 17% drop on Monday.*
CXApp Inc. (CXAI):
Shares rose 54.1% to $2.28 in pre-market trading after the company announced highlights from its second quarter and a multi-year agreement with Alphabet Inc.’s (GOOG, GOOGL) Google Cloud.*
Plby Group Inc. (PLBY):
Despite reporting weaker-than-expected second-quarter financial results last week, PLBY Group saw a 25.5% increase to $0.74 in pre-market trading.*
Hesai Group (HSAI):
Shares climbed 22.2% to $4.35 in pre-market trading ahead of the company’s second-quarter financial results announcement scheduled for Monday, August 19th.*
Psychemedics Corporation (PMD):
The stock jumped 20.5% to $2.22 following the company’s announcement of a plan to cease registration of its stock under federal securities laws after completing a proposed reverse stock split. The company will also delist its shares from Nasdaq trading.*
Orgenesis Inc. (ORGS):
Shares rose 18.3% to $0.80 in pre-market trading after a 7% decline on Monday.*
HUYA Inc. (HUYA):
Shares gained 8.5% to $4.84 in pre-market trading after the company reported second-quarter results and declared a special dividend of $1.08 per ADS.*
PACS Group, Inc. (PACS):
Shares climbed 8.2% to $35.00 in pre-market trading, likely due to a second-quarter revenue beat.Losers
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Syros Pharmaceuticals, Inc. (SYRS):
Shares plummeted 56.4% to $2.18 in pre-market trading following the company’s announcement to discontinue enrollment in its SELECT-AML-1 Phase 2 clinical trial.*
SunPower Corporation (SPWR):
Shares dipped 21.5% to $0.1570 in pre-market trading after receiving a delisting notice from Nasdaq concerning the company’s common stock.*
PS International Group Ltd. (PSIG):
Shares declined 20.9% to $1.82 in pre-market trading after experiencing a significant jump of around 128% on Monday.*
Greenlane Holdings, Inc. (GNLN):
Shares fell 18.8% to $9.33 in pre-market trading after the company announced the pricing of a $6.5 million private placement priced at-the-market under Nasdaq rules.*
FSD Pharma Inc. (HUGE):
Shares decreased 15.2% to $0.1102 in pre-market trading following a 35% decline on Monday.*
Yatra Online, Inc. (YTRA):
Shares fell 14.2% to $1.33 in pre-market trading after reporting weak quarterly sales.*
Conifer Holdings, Inc. (CNFR):
Shares declined 13.3% to $1.04 in pre-market trading. Conifer Holdings is expected to hold a second-quarter earnings conference call on August 14th.*
On Holding AG (ONON):
Shares dropped 8.6% to $36.15 in pre-market trading after releasing mixed second-quarter financial results.*
Viasat, Inc. (VSAT):
Shares fell 7.5% to $19.99 in pre-market trading following a 5% decline on Monday.*
