Why IBM Shares Are Trading Higher; Here Are 21 Stocks Moving Premarket

Author: Lisa Levin | October 20, 2022 05:55am

Gainers

• COMSovereign Holding Corp. (NASDAQ:COMS) rose 20.9% to $0.1063 in pre-market trading after dipping 26% on Wednesday. COMSovereign recently announced receipt of Nasdaq listing determination.
• RedHill Biopharma Ltd. (NASDAQ:RDHL) shares rose 18.1% to $0.8032 in pre-market trading. RedHill Biopharma shares jumped around 47% on Wednesday after the company announced its oral broad-acting antiviral, Opaganib, was granted a new COVID-19 treatment patent.
• Zovio Inc (NASDAQ:ZVO) shares rose 16.8% to $0.2451 in pre-market trading after gaining 5% on Wednesday.
• Enservco Corporation (NYSE:ENSV) rose 16.3% to $1.57 in pre-market trading after the company swung to a profit in the first quarter.
• Vaccitech plc (NASDAQ:VACC) shares rose 8.4% to $3.16 in pre-market trading.
• Digital Brands Group, Inc. (NASDAQ:DBGI) rose 8.2% to $0.0909 in pre-market trading after dipping over 23% on Wednesday.
• Pineapple Energy Inc. (NASDAQ:PEGY) rose 7.6% to $4.09 in pre-market trading after dipping over 20% on Wednesday.
• Mullen Automotive, Inc. (NASDAQ:MULN) rose 7.4% to $0.3651 in pre-market trading. Mullen Automotive shares jumped 57% on Wednesday after the company announced US Bankruptcy Court approval of its acquisition of ELMS assets.
• Agrify Corporation (NASDAQ:AGFY) rose 7.1% to $2.73 in pre-market trading after dipping around 42% on Wednesday.
• Minerva Neurosciences, Inc. (NASDAQ:NERV) rose 5.5% to $3.46 in pre-market trading after declining around 14% on Wednesday.
• International Business Machines Corporation (NYSE:IBM) shares rose 3.1% to $126.22 in pre-market trading after the company reported better-than-expected Q3 EPS and sales results.

Don’t forget to check out our premarket coverage here .

Losers

• Kintara Therapeutics, Inc. (NASDAQ:KTRA) shares fell 15.5% to $0.1020 in pre-market trading after gaining over 20% on Wednesday. The company announced it paused its REM-001 program to conserve funds to support its VAL-083 international registrational study.
• Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) shares fell 15.8% to $5.40 in pre-market trading after reporting Q3 results.
• Amprius Technologies, Inc. (NASDAQ:AMPX) fell 11.6% to $9.73 in pre-market trading. Amprius Technologies shares jumped 77% on Wednesday after the company announced it was awarded a $50 million cost-sharing grant from the U.S. Department of Energy's Office of Manufacturing and Energy Supply Chains.
• 180 Life Sciences Corp. (NASDAQ:ATNF) fell 10.8% to $0.4325 in pre-market trading after declining over 6% on Wednesday.
• Alcoa Corporation (NYSE:AA) shares fell 8.8% to $34.30 in pre-market trading after the company reported worse-than-expected Q3 EPS and sales results.
• Acorda Therapeutics, Inc. (NASDAQ:ACOR) fell 7.5% to $0.5382 in pre-market trading after dipping 20% on Wednesday. Acorda Therapeutics recently announced a $16.5 million award and royalty/supply relief in the AMPYRA arbitration case.
• Microvast Holdings, Inc. (NASDAQ:MVST) fell 7.2% to $2.07 in pre-market trading. Microvast shares gained 40% on Wednesday after the company was awarded a DOE contract.
• Tesla, Inc. (NASDAQ:TSLA) fell 6.6% to $207.50 in pre-market trading. Tesla reported better-than-expected earnings for its third quarter, while sales missed estimates. 
• Sunshine Biopharma, Inc. (NASDAQ:SBFM) shares fell 6.3% to $1.20 in pre-market trading after jumping 39% on Wednesday.
• Nokia Oyj (NYSE:NOK) shares fell 4% to $4.38 in pre-market trading after reporting Q3 earnings.

Posted In: AA ACOR AGFY AMPX ATNF COMS DBGI ENSV ERIC IBM KTRA MULN MVST NERV NOK PEGY RDHL SBFM TSLA VACC