Why Arcutis Biotherapeutics Shares Are Trading Higher By 29%; Here Are 20 Stocks Moving Premarket

Shares of Arcutis Biotherapeutics, Inc. (NASDAQ:ARQT) rose sharply in today's pre-market trading after the company reported better-than-expected first-quarter financial results.

Arcutis Biotherapeutics reported quarterly earnings of 32 cents per share which beat the analyst consensus estimate of losses of 73 cents. Quarterly sales clocked in at $49.57 million, beating the analyst consensus estimate of $14.68 million, according to data from Benzinga Pro.

Arcutis Biotherapeutics shares jumped 29% to $10.49 in the pre-market trading session.

Here are some other stocks moving in pre-market trading.

Gainers

• Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) gained 113.8% to $0.6098 in pre-market trading after jumping around 368% on Tuesday.
• Sintx Technologies, Inc. (NASDAQ:SINT) gained 94.8% to $0.1072 in pre-market trading after jumping over 41% on Tuesday. SINTX Technologies recently posted downbeat quarterly results.
• Greenwave Technology Solutions, Inc. (NASDAQ:GWAV) shares gained 41.8% to $0.0631 in pre-market trading after surging 7% on Tuesday.
• Dolphin Entertainment, Inc. (NASDAQ:DLPN) rose 28.8% to $1.45 in today's pre-market trading after the company reported a year-over-year increase in first-quarter financial results.
• Crown ElectroKinetics Corp. (NASDAQ:CRKN) shares rose 17.7% to $0.0560 in pre-market trading.
• Bitfarms Ltd. (NASDAQ:BITF) shares rose 16.2% to $1.87 in pre-market trading.
• Pineapple Energy Inc. (NASDAQ:PEGY) gained 14.6% to $0.0675 in pre-market trading after adding around 12% on Tuesday.
• GameStop Corp. (NYSE:GME) shares climbed 12.1% to $54.64 in pre-market trading following a 60% surge on Tuesday.
• AMC Entertainment Holdings, Inc. (NYSE:AMC) gained 10.6% to $7.58 in pre-market trading after jumping 32% on Tuesday.

Losers

• Virpax Pharmaceuticals, Inc. (NASDAQ:VRPX) shares declined 40.1% to $1.36 in pre-market trading after dipping 20% on Tuesday. Virpax Pharmaceuticals recently reported a year-over-year decrease in first-quarter EPS results.
• Bolt Biotherapeutics, Inc. (NASDAQ:BOLT) shares fell 31.8% to $0.9008 in pre-market trading after the company reported first-quarter financial results.
• DLocal Limited (NASDAQ:DLO) fell 26.7% to $9.95 in pre-market trading after the company reported weaker-than-expected first-quarter earnings and said there is a greater likelihood of coming in towards the lower end of its guidance range.
• Intrusion Inc. (NASDAQ:INTZ) shares declined 25.2% to $1.93 in pre-market trading after the company reported downbeat first-quarter sales.
• Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) shares fell 25.2% to $4.79 in pre-market trading after jumping 442% on Tuesday. The company priced a follow-on offering for gross proceeds of $8.19 million.
• Aethlon Medical, Inc. (NASDAQ:AEMD) shares dipped 21.8% to $0.6650 in pre-market trading after falling 14% on Tuesday.
• VirTra, Inc. (NASDAQ:VTSI) shares fell 20.5% to $13.05 in pre-market trading after the company reported worse-than-expected first-quarter financial results.
• SunPower Corporation (NASDAQ:SPWR) shares fell 10.6% to $3.93 in pre-market trading after jumping around 60% on Tuesday.
• Allogene Therapeutics, Inc. (NASDAQ:ALLO) shares declined 8.8% to $2.70 in pre-market trading. Allogene Therapeutics filed for offering of up to 37.93 million shares of common stock.
• Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) shares fell 8.6% to $15.25 in pre-market trading. Brazil's President Luiz Inacio Lula da Silva fired Jean Paul Prates, the CEO of Petrobras, following a dispute over dividend.

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