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

Author: Avi Kapoor | March 14, 2024 08:05am

Shares of Robinhood Markets, Inc. (NASDAQ:HOOD) rose sharply in today’s pre-market trading after the company reported February trading metrics.

After the market close on Wednesday, Robinhood said total funded customers grew to 23.6 million at the end of February, up approximately 130,000 from January.

Robinhood Markets shares jumped 11.6% to $19.15in pre-market trading

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

Gainers

• ShiftPixy, Inc. (NASDAQ:PIXY) gained 50.4% to $4.89 in pre-market trading after gaining over 3% on Wednesday.
• Presto Automation Inc. (NASDAQ:PRST) shares rose 39.6% to $0.3140 in pre-market trading after jumping 15% on Wednesday.
• CCSC Technology International Holdings Limited (NASDAQ:CCTG) rose 29.9% to $4.35 in pre-market trading after gaining 14% on Wednesday.
• Turtle Beach Corporation (NASDAQ:HEAR) gained 23.5% to $13.64 in pre-market trading after the company announced the acquisition of PDP and its intention to launch a modified "Dutch Auction" Tender Offer. The company also reported fourth-quarter financial results.
• Spero Therapeutics, Inc. (NASDAQ:SPRO) climbed 18.1% to $1.96 in pre-market trading following better-than-expected fourth-quarter financial results.
• New Horizon Aircraft Ltd. (NASDAQ:HOVR) shares gained 18.1% to $3.12 in pre-market trading after adding around 10% on Wednesday.
• BigBear.ai Holdings, Inc. (NASDAQ:BBAI) gained 13.3% to $2.79 in pre-market trading after gaining over 5% on Wednesday. BigBear.Ai recently reported worse-than-expected fourth-quarter financial results.
• Mind Medicine (MindMed) Inc. (NASDAQ:MNMD) rose 13.2% to $9.73 in pre-market trading after gaining 9% on Wednesday.
• Auddia Inc. (NASDAQ:AUUD) shares gained 13.1% to $3.11 in pre-market trading after falling 6% on Wednesday.

Losers

• Spruce Biosciences, Inc. (NASDAQ:SPRB) fell 74.2% to $1.34 pre-market trading after reporting FY23 results. The company also announced resource prioritization and cost reductions including reduction in force of 21%.
• Solidion Technology Inc. (NASDAQ:STI) dipped 33.5% to $0.83 in pre-market trading. Solidion Technology priced its $3.85 million private placement.
• Fisker Inc. (NYSE:FSR) fell 32.4% to $0.2178 in pre-market trading. Fisker is preparing for a possible bankruptcy filing, The Wall Street Journal reported, citing sources.
• Hello Group Inc. (NASDAQ:MOMO) fell 19.1% to $6.21 pre-market trading after the company reported fourth-quarter financial results and issued first-quarter revenue guidance.
• Erayak Power Solution Group Inc. (NASDAQ:RAYA) fell 19.1% to $0.76 in pre-market trading after surging 31% on Wednesday.
• Pagaya Technologies Ltd. (NASDAQ:PGY) declined 14.1% to $13.32 in pre-market trading after the company commenced an underwritten offering of 6.5 million shares.
• Futu Holdings Limited (NASDAQ:FUTU) shares fell 11.5% to $57.90 in pre-market trading following fourth-quarter results.
• Global Gas Corporation (NASDAQ:HGAS) shares fell 10.3% to $2.27 in pre-market trading after surging 16% on Wednesday.
• Vroom, Inc. (NASDAQ:VRM) shares tumbled 9.4% to $15.85 as the company reported a loss of $80.51 per share for the fourth quarter. The company’s quarterly sales came in at $235.92 million which beat the analyst consensus estimate of $232 million.
• Qilian International Holding Group Limited (NASDAQ:QLI) shares tumbled 9.2% to $0.5905 in pre-market trading after surging 18% on Wednesday.

 

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Posted In: AUUD BBAI CCTG FSR FUTU HEAR HGAS HOOD HOVR MNMD MOMO PGY PIXY PRST QLI RAYA SPRB SPRO STI VRM