Tesla Soars on Strong Earnings, Pre-Market Movers: CCSC, MNDR, QLGN, CNSP & More
The electric vehicle giant, Tesla, Inc. (TSLA), kicked off the day with a bang, its shares surging over 10% in pre-market trading following the release of its third-quarter earnings report. The company exceeded analysts’ expectations, reporting earnings per share of 72 cents, compared to the Street consensus estimate of 58 cents per share. This positive news sent Tesla shares soaring to $236.82 in the pre-market session.
While Tesla stole the spotlight, other stocks also made notable moves in the pre-market trading. Here’s a breakdown of some of the key gainers and losers:
Gainers:
*
CCSC Technology International Holdings Limited (CCTG):
Shares jumped a remarkable 122% to $3.8800 in pre-market trading, building on a 4% gain on Wednesday.*
Mobile-health Network Solutions (MNDR):
The company’s FY24 results propelled its shares up 46.1% to $0.7449 in the pre-market session.*
Qualigen Therapeutics, Inc. (QLGN):
Shares rose 37.4% to $0.2390 in pre-market trading.*
CNS Pharmaceuticals, Inc. (CNSP):
Following a 10% decline on Wednesday, CNSP shares rallied 36.2% to $0.1920 in pre-market trading. This surge was driven by the company’s announcement of a $3 million registered direct offering of common stock priced at-the-market under Nasdaq rules.*
Twin Vee Powercats Co. (VEEE):
The company’s shares gained 35.9% to $0.5874 in pre-market trading, building on a 16% gain on Wednesday.*
DBV Technologies S.A. (DBVT):
Shares jumped 21% to $0.8226 in pre-market trading, likely spurred by analyst sentiment. HC Wainwright & Co. analyst Andrew Fein maintained a Buy rating for DBV Technologies and raised the price target from $5 to $7.*
Seadrill Limited (SDRL):
Seadrill shares rose 13.1% to $39.78 in pre-market trading. The company is set to report its third-quarter results on Tuesday, November 12, after the closing bell.*
Inhibikase Therapeutics, Inc. (IKT):
Shares climbed 11.1% to $2.70 in pre-market trading, following a 15% jump on Wednesday.*
Garrett Motion Inc. (GTX):
Shares gained 8.3% to $8.65 in pre-market trading.Losers:
*
SaverOne 2014 Ltd. (SVRE):
Shares dipped 25.9% to $0.1079 in pre-market trading, after surging 12% on Wednesday.*
Gold Resource Corporation (GORO):
Shares fell 25.8% to $0.3670 in pre-market trading following the company’s release of preliminary third-quarter and year-to-date results.*
Osisko Development Corp. (ODV):
Shares fell 18.6% to $2.05 in today’s pre-market trading. Osisko Development announced a $50 million marketed private placement of 27,778,000 units at $1.80/unit.*
Zapata Computing Holdings Inc. (ZPTA):
Shares fell 17.2% to $0.0750 in pre-market trading, after jumping 43% on Wednesday.*
KWESST Micro Systems Inc. (KWE):
Shares fell 16.3% to $2.09 in pre-market trading, after jumping 112% on Wednesday.*
Orangekloud Technology Inc. (ORKT):
Shares fell 15.1% to $6.46 in pre-market trading.*
ICON Public Limited Company (ICLR):
Shares declined 16.3% to $235.13 in pre-market trading following worse-than-expected third-quarter financial results.*
La Rosa Holdings Corp. (LRHC):
Shares declined 15.9% to $0.9501 in pre-market trading, after gaining over 130% on Wednesday. La Rosa Holdings reported preliminary 9-month revenue growth of 120% year over year.*
Carrier Global Corporation (CARR):
Shares declined 9.9% to $72.00 in pre-market trading following worse-than-expected third-quarter revenues.*
