Why Disney Shares Are Trading Higher By Around 6%; Here Are 20 Stocks Moving Premarket

Author: Avi Kapoor | February 08, 2024 08:44am

Shares of The Walt Disney Company (NYSE:DIS) rose in today’s pre-market trading following the release of quarterly results.

The company reported better-than-expected earnings for its first quarter and declared a cash dividend of 45 cents per share. The company announced a new share repurchase program and said it expects fiscal 2024 earnings of roughly $4.60 per share. Disney also announced a $1.5 billion investment in leading video game company Epic Games.

Disney shares gained 5.9% to $105.00 in pre-market trading

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

Gainers

• Hitek Global Inc. (NASDAQ:HKIT) gained 224.5% to $3.70 in pre-market trading after jumping more than 60% on Wednesday.
• MicroCloud Hologram Inc. (NASDAQ:HOLO) gained 88.1% to $33.85 in pre-market trading after surging 1,100% on Wednesday. The company announced it planned to join the Communications Industry Association.
• Bit Brother Limited (NASDAQ:BETS) shares jumped 71.2% to $3.05 in pre-market trading amid strength in Bitcoin.
• CCSC Technology International Holdings Limited (NASDAQ:CCTG) shares gained 52.1% to $3.94 in pre-market trading after falling 20% on Wednesday.
• Roma Green Finance Limited (NASDAQ:ROMA) shares gained 38.4% to $1.08 in pre-market trading after declining over 5% on Wednesday.
• WiMi Hologram Cloud Inc. (NASDAQ:WIMI) shares rose 33.6% to $1.07 in pre-market trading after gaining over 26% on Wednesday.
• Oscar Health, Inc. (NYSE:OSCR) shares rose 26.2% to $16.92 in pre-market trading after the company reported better-than-expected fourth-quarter financial results.
• Arm Holdings plc (NASDAQ:ARM) shares rose 25.1% to $96.30 in pre-market trading after the company reported better-than-expected third-quarter financial results and issued FY24 guidance above estimates.
• VivoPower International PLC (NASDAQ:VVPR) shares rose 18.6% to $1.85 in pre-market trading after gaining 12% on Wednesday. VivoPower International, last month, said it sees preliminary H2 revenue of $5.9 million.

Losers

• InVivo Therapeutics Holdings Corp. (NASDAQ:NVIV) declined 25.5% to $0.48 in pre-market trading after gaining 22% on Wednesday. The company previously filed for relief under the provisions of Chapter 11.
• Digital Turbine, Inc. (NASDAQ:APPS) shares declined 14.6% to $4.30 in pre-market trading after the company reported worse-than-expected third-quarter financial results.
• Tenax Therapeutics, Inc. (NASDAQ:TENX) fell 14.2% to $12.24 in pre-market trading. Tenax Therapeutics enrolled first patient in Phase 3 LEVEL study evaluating TNX-103 for the treatment of pulmonary hypertension in heart failure with preserved ejection fraction.
• MariaDB plc (NYSE:MRDB) shares fell 12.8% to $0.41 in pre-market trading after gaining around 95% on Wednesday.
• Mangoceuticals, Inc. (NASDAQ:MGRX) shares dipped 12.6% to $0.36 in pre-market trading after falling 8% on Wednesday.
• ADDvantage Technologies Group, Inc. (NASDAQ:AEY) shares declined 10.6% to $0.5890 in pre-market trading after gaining around 6% on Wednesday.
• TruGolf Holdings, Inc. (NASDAQ:TRUG) shares fell 9.2% to $1.67 in pre-market trading after climbing over 18% on Wednesday.
• ThermoGenesis Holdings, Inc. (NASDAQ:THMO) shares declined 8.8% to $0.7650 in pre-market trading after jumping over 42% on Wednesday.
• PayPal Holdings, Inc. (NASDAQ:PYPL) shares declined 8.3% to $57.91 in pre-market trading. PayPal reported upbeat earnings and sales results for its fourth quarter on Wednesday. However, the company said it expects full-year 2024 adjusted earnings to be in line with full-year 2023 earnings of $5.10 per share.
• CalAmp Corp. (NASDAQ:CAMP) fell 8.2% to $2.35 in pre-market trading after dipping 11% on Wednesday.

 

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