Why Ericsson Shares Are Trading Higher; Here Are 20 Stocks Moving Premarket
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Shares of Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) rose sharply in today's pre-market trading after the company reported better-than-expected second-quarter sales and issued guidance.
Ericsson reported a second-quarter loss of 31 cents per share, compared to year-ago earnings of 7 cents per share. The company reported quarterly sales of $5.59 billion which beat the analyst consensus estimate of $5.36 billion, according to data from Benzinga Pro.
Ericsson shares jumped 4.3% to $6.66 in pre-market trading.
Here are some other stocks moving in pre-market trading.
Gainers
- Sentage Holdings Inc. (NASDAQ:SNTG) rose 85.6% to $4.27 in pre-market trading after gaining around 5% on Thursday.
- Tian Ruixiang Holdings Ltd (NASDAQ:TIRX) gained 40.4% to $3.16 in pre-market trading.
- Qualigen Therapeutics, Inc. (NASDAQ:QLGN) shares rose 36.7% to $0.2809 in pre-market trading.
- AgriFORCE Growing Systems Ltd. (NASDAQ:AGRI) shares rose 28.3% to $0.1053 in pre-market trading after gaining around 7% on Thursday.
- Immutep Limited (NASDAQ:IMMP) shares climbed 20.4% to $2.42 in pre-market trading after the company disclosed results for first-line treatment of head and neck squamous cell carcinoma patients with negative PD-L1 expression.
- Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) rose 14.8% to $0.2765 in pre-market trading. Maxeon Solar Technologies 13G filing showed Graham Capital Management LP reported a 9.6% passive stake in the company as of July 2.
- AtlasClear Holdings, Inc. (NYSE:ATCH) gained 11.3% to $0.8681 in pre-market trading after dipping over 20% on Thursday.
- Gamer Pakistan Inc (NASDAQ:GPAK) shares gained 9.6% to $0.22 in pre-market trading.
- China SXT Pharmaceuticals, Inc. (NASDAQ:SXTC) rose 9.2% to $1.30 in pre-market trading after jumping 10% on Thursday.
Losers
- Shineco, Inc. (NASDAQ:SISI) shares fell 38.2% to $1.31 in pre-market trading after the company reported a proposed underwritten public offering.
- ASP Isotopes Inc. (NASDAQ:ASPI) shares declined 18.4% to $2.90 in pre-market trading after the company announced that it commenced an underwritten public offering.
- Kazia Therapeutics Limited (NASDAQ:KZIA) shares fell 18.4% to $1.01 in pre-market trading after jumping over 85% on Thursday. Kazia Therapeutics recently announced results from GBM-AGILE, a phase II/III study that included an evaluation of paxalisib versus standard of care for patients with glioblastoma.
- New Horizon Aircraft Ltd (NASDAQ:HOVR) shares fell 16.4% to $0.53 in pre-market trading after gaining around 20% on Thursday.
- Luxurban Hotels Inc (NASDAQ:LUXH) fell 13.4% to $0.16 in pre-market trading. LuxUrban Hotels priced its $5.1 million public offering of 30 million shares at $0.17 per share.
- Lipella Pharmaceuticals Inc (NASDAQ:LIPO) fell 13.4% to $0.46 in pre-market trading after gaining over 9% on Thursday.
- Biodexa Pharmaceuticals Plc (NASDAQ:BDRX) shares fell 12.3% to $0.9469 in pre-market trading. Biodexa Pharmaceuticals shares jumped around 52% on Thursday after the company reported 12-month Phase 2 trial results for eRapa in treating Familial Adenomatous Polyposis.
- Sonoma Pharmaceuticals, Inc. (NASDAQ:SNOA) shares dipped 12.3% to $0.3107 in pre-market trading after jumping 38% on Thursday.
- Cyngn Inc. (NASDAQ:CYN) shares fell 12.1% to $6.44 in pre-market trading after surging 85% on Thursday.
- NANO Nuclear Energy Inc. (NASDAQ:NNE) shares declined 9.8% to $23.64 in pre-market trading after gaining around 4% on Thursday.
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