Shares of Telesis Bio, Inc. (TBIO) surged in today’s pre-market trading session, propelled by the company’s exciting announcement of a partnership with Beckman Coulter Life Sciences. This collaboration aims to revolutionize the landscape of DNA and mRNA synthesis, creating a powerful synergy for both companies. Telesis Bio, renowned for its expertise in biofoundries, will leverage this partnership to develop even more efficient and scalable solutions for DNA synthesis. The news sent TBIO stock soaring 109.9% to $4.87 in the pre-market.
Beyond Telesis Bio, other stocks also experienced significant movements in the pre-market. Kintara Therapeutics, Inc. (KTRA) saw a strong gain of 41.8% to $0.2375, buoyed by the recent announcement of an adjourned special meeting of stockholders until October 4. Fangdd Network Group Ltd. (DUO) shares climbed 22.3% to $0.6234 after a 7% decline on Friday. NuCana plc (NCNA) experienced a 20.7% surge to $3.68, fueled by the company’s announcement of a U.S. patent grant for its NUC-7738 composition-of-matter.
Micron Technology, Inc. (MU) continued its upward trajectory, gaining 15.5% to $110.61, as the company reported robust fourth-quarter financial results that exceeded analyst expectations. Revenue for the quarter came in at $7.75 billion, surpassing the consensus estimate of $7.635 billion, and adjusted earnings per share reached $1.18, outperforming the anticipated $1.13. Gaotu Techedu Inc. (GOTU) shares rose 14.8% to $3.34 in pre-market trading, recovering from a Wednesday decline. Sonnet BioTherapeutics Holdings, Inc. (SONN) saw a 14.2% jump to $0.83 after a 20% dip on Wednesday following the company’s announcement of a 1-for-8 reverse stock split. MicroCloud Hologram Inc. (HOLO) shares gained 13.6% to $0.2737, building on a Wednesday increase. Kanzhun Limited (BZ) experienced a significant 13.5% surge to $16.20, rebounding from a 6% decline on Wednesday. American Lithium Corp. (AMLI) climbed 8.7% to $0.5297, extending gains from Wednesday’s performance.
Not all pre-market action was positive. VS MEDIA Holdings Limited (VSME) shares plummeted 23.6% to $1.16, a sharp reversal from Wednesday’s 22% jump. MDxHealth SA (MDXH) shares dipped 20.9% to $2.01, impacted by the company’s announcement of an offering of ordinary shares. Pagaya Technologies Ltd. (PGY) shares fell 15% to $10.59 after the company announced its intention to offer $125 million of exchangeable senior notes due 2029 in a private offering. AtlasClear Holdings, Inc. (ATCH) fell 14.5% to $0.2547, following the appointment of Mark S. Smith as a Board Member. Concentrix Corporation (CNXC) shares declined 13.8% to $54.79, reflecting mixed third-quarter financial results. NLS Pharmaceutics AG (NLSP) shares fell 13.8% to $0.11, influenced by Wednesday’s announcement of an expected 1-for-40 reverse share split. Seelos Therapeutics, Inc. (SEEL) fell 13.4% to $0.2928, retracing some of Wednesday’s gains. The company announced a 1-for-16 reverse stock split. ConnectM Technology Solutions, Inc. (CNTM) shares declined 12.3% to $1.00, continuing a downward trend from Wednesday. Armada Hoffler Properties, Inc. (AHH) declined 7.3% to $11.00 after announcing an upsizing and pricing of a public offering of common stock. Sonos, Inc. (SONO) shares fell 6% to $11.86.
