Alphabet, Microsoft And Some Other Big Stocks Moving Higher In Today's Pre-Market Session

• Pzena Investment Management, Inc (NYSE:PZN) rose 46.4% to $9.43 in pre-market trading as the company said it has entered into an agreement to become a private company. The company also reported a rise quarterly sales.
• Teva Pharmaceutical Industries Limited (NYSE:TEVA) rose 18.3% to $8.42 in pre-market trading after the company reported better-than-expected financial results.
• Western Midstream Partners, LP (NYSE:WES) rose 11.1% to $29.46 in pre-market trading. Western Midstream Partners recently announced that the board of directors of its general partner declared a quarterly cash distribution of $0.50 per unit for the second quarter.
• Enphase Energy, Inc. (NASDAQ:ENPH) shares rose 9.9% to $237.50 in pre-market trading after the company reported better-than-expected Q2 EPS and sales results and issued Q3 revenue guidance above analyst estimates.
• eXp World Holdings, Inc. (NASDAQ:EXPI) rose 6.6% to $14.50 in pre-market trading. eXp World Holdings is expected to announce Q2 results on August 3, 2022.
• Carvana Co (NYSE:CVNA) rose 6.3% to $25.70 in pre-market trading. Raymond James upgraded Carvana from Underperform to Market Perform.
• PayPal Holdings, Inc. (NASDAQ:PYPL) rose 5.7% to $81.44 in pre-market trading. Activist investor Elliott Investment Management has taken a stake in PayPal Holdings Inc, Bloomberg News reported.
• SolarEdge Technologies, Inc. (NASDAQ:SEDG) rose 5.6% to $313.00 in pre-market trading. JP Morgan recently maintained an Overweight rating on the stock and raised its price target from $382 to $396.
• Microsoft Corporation (NASDAQ:MSFT) rose 3.7% to $261.20 in pre-market trading. Microsoft reported weaker-than-expected results for its fourth quarter on Tuesday. However, the company issued an upbeat sales outlook for the fiscal year.
• Alphabet Inc. (NASDAQ:GOOGL) rose 3.5% to $108.68 in pre-market trading. Alphabet reported downbeat earnings for its second quarter on Tuesday. However, revenue for the company’s Search and Other segment was $40.7 billion, up 13.7% year-over-year.

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