Why Microsoft Shares Are Trading Higher By 8%; Here Are 20 Stocks Moving Premarket
Microsoft Corporation MSFT | 0.00 | |
NUWELLIS INC NUWE | 0.00 | |
Fortinet, Inc. FTNT | 0.00 | |
Chegg, Inc. CHGG | 0.00 | |
Teladoc Health, Inc. TDOC | 0.00 |
Shares of Microsoft Corp (NASDAQ:MSFT) rose sharply in pre-market trading after the company reported better-than-expected fourth-quarter financial results.
Microsoft reported fourth-quarter revenue of $90.01 billion, up 18% year-over-year. The revenue total beat a Street consensus estimate of $87.62 billion. The company reported quarterly earnings per share of $4.74, beating a Street consensus estimate of $4.24.
Microsoft shares jumped 7.8% to $421.10 in pre-market trading.
Here are some other stocks moving in pre-market trading.
Gainers
- Nuwellis (NASDAQ:NUWE) gained 125.6% to $4.27 in pre-market trading after declining 28% on Wednesday. The stock move followed Nuwellis’ Tuesday announcement that it installed its first Aquadex SmartFlow systems at a leading pediatric hospital in Wisconsin, expanding its footprint in critical care.
- GlucoTrack Inc (NASDAQ:GCTK) rose 49.5% to $0.43 in pre-market trading following the announcement that its subsidiary, Lokahi Therapeutics, is advancing a simplified single-injection strategy for its LT-100 program.
- Digital Currency X Technology Inc (NASDAQ:DCX) rose 46.3% to $1.58 in pre-market trading following the announcement of a non-binding memorandum of understanding with Singapore-based global enterprise AI company Whales AI Limited.
- Steakholder Foods Ltd – ADR (NASDAQ:STKH) rose 30.3% to $3.53 in pre-market trading after dipping 25% on Wednesday.
- Corcept Therapeutics Inc (NASDAQ:CORT) gained 20.6% to $112.05 in pre-market trading after the company reported better-than-expected second-quarter financial results and raised its FY26 sales guidance above estimates.
- Globavend Holdings Ltd (NASDAQ:GVH) shares gained 26.9% to $1.16 in pre-market trading, after falling 9% on Wednesday. The company recently announced that its digital entertainment subsidiary, Loomi Entertainment Group, has entered into a global distribution agreement with DramaBox.
- Porch Group Inc (NASDAQ:PRCH) shares rose 20.9% to $14.94 in pre-market trading after the company reported better-than-expected second-quarter financial results.
- Freecast Inc (NASDAQ:CAST) rose 18.3% to $1.42 in pre-market trading after dipping 29% on Wednesday.
- Fortinet Inc (NASDAQ:FTNT) gained 10.6% to $169.50 in pre-market trading after the company reported better-than-expected second-quarter financial results and raised its FY26 guidance above estimates.
Losers
- Chegg Inc (NYSE:CHGG) tumbled 25% to $0.78 in pre-market trading after falling 4% on Wednesday.
- LI Bang International Corporation Inc (NASDAQ:LBGJ) fell 23.8% to $0.018 in pre-market trading after the company announced a 1-for-200 reverse stock split to regain compliance with Nasdaq’s minimum bid price requirement.
- Teladoc Health Inc (NYSE:TDOC) fell 21.9% to $7.17 in pre-market trading after the company reported mixed second-quarter financial results and cut its FY26 sales guidance below estimates.
- Wetour Robotics Ltd (NASDAQ:WETO) declined 20.4% to $0.030 in pre-market trading as the company announced a 1-for-100 share consolidation effective Aug. 3.
- AiRWA Inc (NASDAQ:YYAI) fell 19.5% to $0.23 in pre-market trading after dipping 68% on Wednesday.
- Rentokil Initial PLC (NYSE:RTO) fell 16.4% to $24.59 in pre-market trading.
- Nocera Inc (NASDAQ:NCRA) fell 15.7% to $2.63 in pre-market trading after jumping 118% on Wednesday. Nocera regained Nasdaq bid price compliance.
- Inovio Pharmaceuticals Inc (NASDAQ:INO) fell 13.5% to $0.90 in pre-market trading after the biotechnology company priced a $20 million underwritten public offering of common stock and accompanying warrants.
- FTAI Aviation Ltd (NASDAQ:FTAI) fell 12.8% to $172.00 in pre-market trading after the company reported mixed second-quarter financial results.
- Tenable Holdings Inc (NASDAQ:TENB) fell 11% to $28.04 in pre-market trading after the company reported second-quarter financial results.
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