Why SurgePays Shares Are Trading Lower By Around 15%; Here Are 20 Stocks Moving Premarket

Shares of SurgePays, Inc. (NASDAQ:SURG) fell sharply in today’s pre-market trading after the company reported worse-than-expected fourth-quarter financial results.

Surgepays posted GAAP earnings of 19 cents per share, missing market estimates of 41 cents per share. The company’s quarterly sales came in at $32.318 million versus expectations of $33.521 million, according to data from Benzinga Pro.

SurgePays shares dipped 14.6% to $5.97 in pre-market trading

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

Gainers

• NuCana plc (NASDAQ:NCNA) gained 99.6% to $0.7806 in pre-market trading after the company was granted U.S. Patent #11925658 for "Phosphoramidate Derivatives For Use In The Treatment Of Cancer; Especially In The Treatment Where The Patient Shows Resistance"
• ShiftPixy, Inc. (NASDAQ:PIXY) shares rose 50% to $4.71 in pre-market trading after dipping over 19% on Tuesday.
• Tenon Medical, Inc. (NASDAQ:TNON) rose 48.2% to $2.15 in pre-market trading after the company reported better-than-expected fourth-quarter GAAP EPS results.
• Minim, Inc. (NASDAQ:MINM) gained 39.8% to $7.01 in pre-market trading after the company announced that it entered into a definitive merger agreement with e2Companies.
• Qilian International Holding Group Limited (NASDAQ:QLI) climbed 21.1% to $0.6665 in pre-market trading.
• Benson Hill, Inc. (NYSE:BHIL) shares gained 20% to $0.2280 in pre-market trading.
• The Beauty Health Company (NASDAQ:SKIN) rose 17.3% to $4.21 in pre-market trading after the company reported better-than-expected fourth-quarter revenue results.
• Li-Cycle Holdings Corp. (NASDAQ:LICY) shares gained 15.8% to $0.68 in pre-market trading. Li-Cycle shares jumped 46% on Tuesday after the company entered an agreement to issue a senior secured convertible note in an aggregate principal amount of $75 million to an affiliate of Glencore.
• HUTCHMED (China) Limited (NASDAQ:HCM) shares climbed 15% to $18.78 in pre-market trading after gaining 9% on Tuesday.
• Arq, Inc. (NASDAQ:ARQ) gained 14.3% to $3.97 in pre-market trading after the company reported upbeat fourth-quarter results.

Losers

• Aeva Technologies, Inc. (NASDAQ:AEVA) fell 20.6% to $0.8735 pre-market trading after dipping around 15% on Tuesday.
• Bit Origin Ltd (NASDAQ:BTOG) fell 16.1% to $4.43 in pre-market trading after gaining 11% on Tuesday.
• ECD Automotive Design, Inc. (NASDAQ:ECDA) dipped 15.5% to $1.01 in pre-market trading after jumping over 13% on Tuesday.
• Zhongchao Inc (NASDAQ:ZCMD) fell 15.4% to $1.82 pre-market trading after jumping around 15% on Tuesday.
• reAlpha Tech Corp. (NASDAQ:AIRE) fell 15% to $1.36 in pre-market trading after the company reported EPS for the eight months ended Dec. 31, 2023.
• Allbirds, Inc. (NASDAQ:BIRD) declined 14% to $0.80 in pre-market trading after the company reported worse-than-expected fourth-quarter GAAP EPS results.
• Inspire Veterinary Partners, Inc. (NASDAQ:IVP) shares tumbled 12.1% to $0.0386 in pre-market trading after dipping 20% on Tuesday.
• Huize Holding Limited (NASDAQ:HUIZ) shares fell 10.8% to $0.6601 in pre-market trading. Huize Holding is expected to release its fourth quarter and full year 2023 unaudited financial results before the opening bell on March 20, 2024.
• Altice USA, Inc. (NYSE:ATUS) shares tumbled 5.6% to $2.51. Altice USA recently announced the appointments of John Hsu, SVP, Corporate Finance and John Lombana, SVP, Corporate Controller.

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