Why Rocket Lab Shares Are Trading Higher By 15%; Here Are 20 Stocks Moving Premarket

Author: Avi Kapoor | December 22, 2023 08:58am

Shares of Rocket Lab USA, Inc. (NASDAQ:RKLB) shares rose sharply in pre-market trading after the company announced a new $515 million contract with a U.S. government customer.

In a new regulatory filing, Rocket Lab said it entered into an agreement with a U.S. government customer on Thursday to design, manufacture, deliver and operate 18 space vehicles.

Rocket Lab USA shares surged 15.1% to $5.10 in pre-market trading.

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

Gainers

• Asset Entities Inc. (NASDAQ:ASST) rose 38% to $0.9110 in pre-market trading after jumping 45% on Thursday. Asset Entities, last month, announced a stock repurchase program.
• LumiraDx Limited(NASDAQ:LMDX) gained 23.4% to $0.0945 in pre-market trading after falling 7% on Thursday.
• Processa Pharmaceuticals, Inc. (NASDAQ:PCSA) shares gained 17.7% to $0.4297 in pre-market trading after falling 13% on Thursday. Processa Pharmaceuticals recently issued an interim analysis from its Phase 1b Next Generation Capecitabine (NGC-Cap) study.
• CN Energy Group. Inc. (NASDAQ:CNEY) shares gained 11.5% to $0.0718 in pre-market trading after falling 6% on Thursday.
• ImmunityBio, Inc. (NASDAQ:IBRX) shares rose 11.3% to $4.54 in pre-market trading after declining 10% on Thursday.
• Atara Biotherapeutics, Inc. (NASDAQ:ATRA) shares rose 10.7% to $0.4937 in pre-market trading after the company announced the closing of the expanded global partnership with Pierre Fabre Laboratories for tabelecleucel.
• Connexa Sports Technologies Inc. (NASDAQ:CNXA) gained 10.6% to $0.1880 in pre-market trading after dipping 24% on Thursday.
• Greenbrook TMS Inc. (NASDAQ:GBNH) shares climbed 10.1% to $0.3192 in pre-market trading after gaining 5% on Thursday. Greenbrook TMS recently raised $4,015,548.22 in debt financing.
• Shuttle Pharmaceuticals Holdings, Inc. (NASDAQ:SHPH) rose 7.8% to $0.5173 in pre-market trading after gaining around 5% on Thursday.

Losers

• Netcapital Inc. (NASDAQ:NCPL) shares fell 42.5% to $0.19 in pre-market trading. Netcapital priced $4 million public offering of 16 million common shares and series A warrants.
• Advent Technologies Holdings, Inc. (NASDAQ:ADN) shares fell 38% to $0.1954 in pre-market trading. Advent Technologies recently secured €1.8 million frame contract with Volta Energy for supply of methanol-powered fuel cell units.
• NetEase, Inc. (NASDAQ:NTES) fell 23.6% to $79.81 in pre-market trading. In an unexpected move right before Christmas, China’s top gaming regulator introduced new draft rules aimed at controlling excessive spending and online gaming usage.
• WANG & LEE GROUP, Inc. (NASDAQ:WLGS) shares fell 22.4% to $0.6594 in pre-market trading after jumping around 52% on Thursday.
• Baijiayun Group Ltd (NASDAQ:RTC) fell 22.1% to $1.76 in pre-market. Baijiayun received Nasdaq notification regarding late filing of 2023 annual report.
• 60 Degrees Pharmaceuticals, Inc. (NASDAQ:SXTP) shares fell 20% to $0.88 in pre-market trading after declining around 6% on Thursday.
• Lottery.com Inc. (NASDAQ:LTRY) fell 17.4% to $3.03 in pre-market trading.The company’s shares jumped 196% on Thursday after the company announced an $18 million investment commitment from Prosperity Investment Management.
• Mullen Automotive, Inc. (NASDAQ:MULN) shares fell 17.2% to $11.80 in pre-market trading. Mullen Automotive shares jumped 78% on Thursday amid increased volatility following the company's 1-for-100 reverse split, and after the company announced 38 additional Class 3 vehicles have been delivered to Randy Marion Automotive Group with the company invoicing RMA for $2.5 million.
• TAL Education Group (NYSE:TAL) shares fell 13.5% to $10.86 in pre-market trading.
• NIKE, Inc. (NYSE:NKE) shares fell 11.4% to $108.61 in pre-market trading. NIKE posted better-than-expected earnings for its second quarter, but sales missed expectations. The company also stated that it is assessing opportunities to deliver up to $2 billion in cumulative cost savings during the next three years.

 

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