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

Author: Avi Kapoor | May 09, 2024 08:13am

Shares of AppLovin Corporation (NASDAQ:APP) rose sharply in today's pre-market trading after the company reported better-than-expected first-quarter financial results.

The company posted revenue of $1.058 billion, versus estimates of $974.361 million. Its earnings came in at 67 cents per share, versus expectations of 55 cents per share, according to data from Benzinga Pro.

AppLovin shares jumped 14.8% to $85.00 in pre-market trading.

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

Gainers

• Pop Culture Group Co., Ltd (NASDAQ:CPOP) gained 60.3% to $2.71 in pre-market trading. Pop Culture reported revenue of $24 million for the six months ended Dec. 31, 2023, up from $12.75 million in the year-ago period.
• Sezzle Inc. (NASDAQ:SEZL) gained 36.1% to $60.87 in pre-market trading after reporting first-quarter results.
• Inspire Veterinary Partners, Inc. (NASDAQ:IVP) shares rose 21.6% to $4.41 in pre-market trading. Inspire Veterinary Partners recently announced a 1-for-100 reverse stock split.
• Nukkleus Inc (NASDAQ:NUKK) rose 17.7% to $1.04 in today's pre-market trading.
• Xiao-I Corporation (NASDAQ:AIXI) shares gained 14.3% to $1.44 in pre-market trading after the company reported a strategic partnership with a leading Hong Kong Insurance Company to enhance AI-driven customer service.
• TuanChe Limited (NASDAQ:TC) jumped 13% to $2.61 in pre-market trading.
• Treasure Global Inc (NASDAQ:TGL) gained 12.6% to $5.35 in pre-market trading. Treasure Global is expected to report its financial results for the third quarter of fiscal year 2024, after the closing bell on Tuesday, May 14.
• Compass, Inc. (NYSE:COMP) shares rose 12.5% to $3.69 in pre-market trading after posting first-quarter results.
• Magnite, Inc.(NASDAQ:MGNI) shares gained 10.6% to $9.85 in pre-market trading after the company reported first-quarter financial results.

Losers

• Tivic Health Systems, Inc. (NASDAQ:TIVC) fell 36.7% to $0.8487 in pre-market trading. Tivic Health Systems shares jumped around 28% on Wednesday after the company announced the final results of its pilot research study on cervical vagus nerve stimulation.
• CytomX Therapeutics, Inc. (NASDAQ:CTMX) shares declined 35.6% to $2.70 in pre-market trading after the company reported first-quarter financial results and announced initial data from the ongoing CX-904 Phase 1a dose escalation clinical study, demonstrating a favorable safety profile and confirmed anti-cancer activity.
• Cardlytics, Inc. (NASDAQ:CDLX) shares fell 28.8% to $10.40 in pre-market trading after the company reported mixed first-quarter financial results.
• Organovo Holdings, Inc. (NASDAQ:ONVO) fell 27.2% to $0.6969 in pre-market trading after the company priced its $5.25 million public offering of 6,562,500 common shares and common warrants at a combined price of $0.80.
• Delta Apparel, Inc. (NYSE:DLA) fell 23.5% to $2.15 pre-market trading following weaker-than-expected second-quarter results.
• Bioventus Inc. (NASDAQ:BVS) shares fell 20% to $4.03 in pre-market trading. Bioventus recently reported better-than-expected first-quarter financial results and raised its FY24 guidance above estimates.
• Exact Sciences Corporation (NASDAQ:EXAS) shares declined 17.4% to $49.15 in pre-market trading after the company reported mixed first-quarter financial results.
• Beyond Meat, Inc. (NASDAQ:BYND) shares fell 13.4% to $7.11 in pre-market trading after the company reported a wider-than-expected loss for its first quarter. The company sees second-quarter revenue to be between $85 million and $90 million and full-year 2024 revenue to be between $315 million and $345 million.
• Duolingo, Inc. (NASDAQ:DUOL) shares declined 12.4% to $213.95 in pre-market trading after the company reported first quarter financial results.
• argenx SE (NASDAQ:ARGX) fell 7.4% to $357.60 pre-market trading after the company reported first quarter financial results and issued a business update.

Now Read This: Roblox, Beyond Meat And 3 Stocks To Watch Heading Into Thursday

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