Why Gap Shares Are Trading Higher By 12%; Here Are 20 Stocks Moving Premarket

Author: Lisa Levin | May 26, 2023 08:50am

Gainers

• Oncorus, Inc. (NASDAQ:ONCR) shares rose 90% to $0.38 in pre-market trading after dropping around 17% on Thursday. Oncorus recently posted a narrower-than-expected quarterly loss.
• eFFECTOR Therapeutics, Inc. (NASDAQ:EFTR) shares surged 67.6% to $0.8866 in pre-market trading as the company reported data updates from Phase 2 expansion cohorts evaluating zotatifin in patients with ER+ metastatic breast cancer at the ASCO 2023 Annual Meeting.
• Shuttle Pharmaceuticals Holdings, Inc. (NASDAQ:SHPH) gained 45.4% to $1.73 in pre-market trading after dropping 8% on Thursday. Shuttle Pharmaceuticals was recently granted U.S. patent #11654157: Methods and compositions for cancer therapies that include delivery of halogenated thymidines and thymidine phosphorylase inhibitors in combination with radiation.
• Arcus Biosciences, Inc. (NYSE:RCUS) gained 26.5% to $22.14 in pre-market trading. Arcus Biosciences announced new employment inducement grants.
• Harbor Custom Development, Inc. (NASDAQ:HCDI) shares gained 24.1% to $4.64 in pre-market trading. Harbor Custom Development recently issued an update on the Company’s six multi-family projects.
• Elevation Oncology, Inc. (NASDAQ:ELEV) shares gained 21.2% to $3.65 in pre-market trading after adding over 15% on Thursday.
• Marvell Technology, Inc. (NASDAQ:MRVL) rose 15.9% to $57.34 in pre-market trading after the company reported strong Q1 results and said it expects AI revenue to at least double in 2024.
• PDS Biotechnology Corporation (NASDAQ:PDSB) rose 15.5% to $7.76 in pre-market trading. PDS Biotechnology announced promising interim data from the VERSATILE-002 Phase 2 clinical trial.
• Angion Biomedica Corp. (NASDAQ:ANGN) shares climbed 13% to $0.9601 in pre-market trading after gaining around 4% on Thursday.
• The Gap, Inc. (NYSE:GPS) shares rose 11.8% to $8.30 in pre-market trading after the retailer turned in a profitable quarter on an adjusted basis, despite analysts forecasting a significant loss.

Losers

• SunCar Technology Group Inc. (NASDAQ:SDA) fell 24.5% to $11.37 in pre-market amid continued volatility following the recent completion of the company's combination with Goldenbridge Acquisition to become a publicly-traded company.
• Beamr Imaging Ltd. (NASDAQ:BMR) shares dropped 19.1% to $4.01 in pre-market trading. Beamr Imaging shares jumped 125% on Thursday after NVIDIA announced the release of NVENC Video Codec SDK 12.1 showcasing the integration with Beamr CABR.
• Tilray Brands, Inc. (NASDAQ:TLRY) fell 18.6% to $1.92 in pre-market trading after the company raised $150 million via unsecured convertible senior notes offering.
• Wearable Devices Ltd. (NASDAQ:WLDS) fell 17.7% to $1.16 in pre-market trading. Wearable Devices shares jumped over 222% on Thursday after the company announced its Mudra Band for Apple Watch is available for preorder.
• Peraso Inc. (NASDAQ:PRSO) fell 17.4% to $0.4050 in pre-market trading after jumping 21% on Thursday.
• Nano Labs Ltd (NASDAQ:NA) fell 14.7% to $2.02 in pre-market trading after climbing over 69% on Thursday.
• Infobird Co., Ltd (NASDAQ:IFBD) shares dropped 12.4% to $1.20 in pre-market trading after climbing 23% on Thursday.
• Evoke Pharma, Inc. (NASDAQ:EVOK) fell 11.2% to $1.66 in pre-market trading. Evoke Pharma recently posted a wider-than-expected quarterly loss.
• Lizhi Inc. (NASDAQ:LIZI) shares fell 9.8% to $0.74 in pre-market trading. Lizhi shares jumped 17% on Thursday after releasing first-quarter results.
• X Financial (NYSE:XYF) fell 8.7% to $3.25 in pre-market trading after jumping around 15% on Thursday.

 

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