U.S. stock futures were mixed this morning, with the S&P 500 futures falling slightly. Applied Materials’ stock declined in pre-market trading after reporting third-quarter earnings that missed revenue expectations. Other notable pre-market losses include Sonida Senior Living, Lumen Technologies, Baytex Energy, and U-BX Technology.
Serve Robotics stock jumped over 14% in pre-market trading after reporting better-than-expected second-quarter sales results. The company beat revenue estimates but missed on earnings. Other stocks experiencing significant pre-market movements include Digital Ally, Conduit Pharmaceuticals, Nuburu, Vertex Energy, Revelation Biosciences, and Nkarta, all showing gains. On the other hand, TC Biopharm, Bionomics, Iveda Solutions, Santech Holdings, Alternus Clean Energy, Ouster, QuickLogic, WISeKey, Twin Vee Powercats, and SeaStar Medical Holding are all seeing losses in pre-market trading.
US stock futures are mixed this morning, with the Dow futures falling around 50 points. On Holding AG, the parent company of On Running, saw its shares drop sharply in pre-market trading after reporting mixed second-quarter financial results. The company missed earnings estimates but beat sales expectations. Several other stocks are also experiencing losses in pre-market trading, including Viasat, UTime Limited, Tencent Music Entertainment Group, Hudbay Minerals, Genmab, and Lumen Technologies.
Shares of Koninklijke Philips N.V. (PHG) surged in pre-market trading today following the release of its impressive first-quarter results. The company also reached a resolution in the respironics personal injury and medical monitoring litigation in the US, with a settlement of $1.1 billion. As a result, PHG stock skyrocketed by 37.1% to $28.87 during pre-market hours.
Apart from Philips, numerous other companies experienced significant stock movements in the pre-market. Inno Holdings Inc. (INHD) saw a remarkable 33.8% gain, climbing to $0.8410. Ryde Group Ltd. (RYDE) followed closely with a 25.9% rise to $4.18 after facing an 8% dip on Friday. Akanda Corp. (AKAN) also performed well, advancing by 21.4% to $0.1250, continuing its trend from Friday when it gained over 12%.
Ocean Biomedical Inc. (OCEA) surged by 15.7% to $1.55, extending its 7% gain from Friday. Wisekey International Holding AG – ADR (WKEY) witnessed a 15.2% increase, reaching $2.36, attributed to its subsidiary, WISeSAT.Space, strengthening its partnership with the Swiss Armed Forces in the space domain.
SolarBank Corp (SUUN) gained 14.1% to $6.78, while Fulton Financial Corporation (FULT) jumped by 10.8% to $17.30. This follows the acquisition of Republic First Bancorp by Fulton Bank, a subsidiary of Fulton Financial Corp. ImmunityBio, Inc. (IBRX) shares increased by 10.6% to $8.13, buoyed by its Friday surge of around 44% after announcing favorable overall survival results from its QUILT 3.055 study.
Tesla, Inc. (TSLA) also saw a 7.3% pre-market gain, reaching $180.54. However, it was reported that Tesla plans to lay off 693 employees in Nevada as part of its earlier announced 10% workforce reduction. The company also increased the price of its new Model 3 Performance in the US by $1000 shortly after its launch.
On the declining side, Bakkt Holdings, Inc. (BKKT) plunged by 92.2% to $0.78 due to its recently announced 1-for-25 reverse stock split. Clever Leaves Holdings Inc. (CLVR) shares experienced a 56.8% drop to $1.78 following the announcement of voluntary delisting of common shares and SEC deregistration.
Addex Therapeutics Ltd (ADXN) faced a 50.3% decline to $7.99 in pre-market trading due to the lack of statistical significance in its ADX71149 Phase 2 epilepsy study. iSun, Inc. (ISUN) fell by 18.9% to $0.1362, and Boqii Holding Limited (BQ) dropped by 16.7% to $0.25 after gaining 6% on Friday.
NuZee, Inc. (NUZE) saw a 16% decline to $1.37, Cyclacel Pharmaceuticals, Inc. (CYCC) fell by 13.3% to $1.30, and Biodexa Pharmaceuticals Plc (BDRX) decreased by 12.3% to $1.14. Nature Wood Group Limited (NWGL) lost 11.8% to $4.45, and mF International Limited (MFI) declined by 10.3% to $2.09 following its previous 78% dip on Friday.
Tesla, Inc. (TSLA) shares jumped 10.6% to $160.01 in pre-market trading despite posting weaker-than-expected earnings and sales results for its first quarter. The electric vehicle giant also announced plans to accelerate the launch of new models. Gains were also seen in shares of Chicken Soup for the Soul Entertainment, Inc. (CSSE), Zapata Computing Holdings Inc. (ZPTA), WiMi Hologram Cloud Inc. (WIMI), InMed Pharmaceuticals Inc. (INM), AudioEye, Inc. (AEYE), ABVC BioPharma, Inc. (ABVC), Pineapple Energy Inc. (PEGY), Tungray Technologies Inc. (TRSG), and Texas Instruments Incorporated (TXN).
Losers in pre-market trading included Evotec SE (EVO), Bluejay Diagnostics Inc (BJDX), Mawson Infrastructure Group Inc (MIGI), Complete Solaria Inc (CSLR), Tiziana Life Sciences Ltd – ADR (TLSA), Ostin Technology Group Co Ltd (OST), Neo-Concept International Group Holdings Limited (NCI), Nukkleus Inc (NUKK), Equinox Gold Corp. (EQX), and Enphase Energy, Inc. (ENPH).
