Why Eastside Distilling Shares Are Trading Lower By Over 25%; Here Are 20 Stocks Moving Premarket

Gainers

• Hitek Global Inc. HKIT jumped 25.5% to $6.98 in pre-market trading after gaining 11% on Friday. Hitek Global priced its initial public offering of 3,200,000 ordinary shares at a price of $5.00 per ordinary share.
• InterCure Ltd. INCR gained 24.1% to $2.53 in pre-market trading after the company reported record fiscal year 2022 revenue of $150 million.
• VNET Group, Inc. VNET shares climbed 18.7% to $3.85 in pre-market trading after gaining 8% on Friday.
• Guardforce AI Co., Limited GFAI climbed 17.8% to $8.34 in pre-market trading after jumping 50% on Friday.
• Indonesia Energy Corporation Limited INDO surged 17.3% to $5.60 in pre-market trading after gaining 3% on Friday.
• Imperial Petroleum Inc. IMPP gained 16.2% to $0.2250 in pre-market trading. Imperial Petroleum announced that the company's management estimates Imperial Petroleum's Net Asset Value (NAV) to be $338.6 million, which is approximately 717% above its current market capitalization.
• Kingsoft Cloud Holdings Limited KC gained 15.8% to $10.30 in pre-market trading after gaining 13% on Friday. Kingsoft Cloud Holdings recently reported a fourth-quarter FY22 revenue decline of 19.9% year-on-year to $308.9 million, beating the consensus of $302.9 million.
• IVERIC bio, Inc. ISEE climbed 15.3% to $28.05 in pre-market trading.
• VirTra, Inc. VTSI gained 15% to $4.60 in pre-market trading after reporting a profit for the fourth quarter.
• BitNile Metaverse, Inc. BNMV gained 7.3% to $0.1258 in pre-market trading.

Losers

• Eastside Distilling, Inc. EAST fell 25.7% to $0.26 in pre-market trading after reporting weaker-than-expected Q4 results.
• United Homes Group, Inc. UHG fell 14.3% to $17.83 in pre-market trading after jumping around 64% on Friday.
• Palisade Bio, Inc. PALI shares dropped 10.4% to $3.15 in pre-market trading after gaining around 33% on Friday. Maxim Group recently upgraded the stock from Hold to Buy and announced a $50 price target.
• Inpixon INPX shares fell 10.4% to $0.3850 in pre-market trading. Inpixon shares gained 16% on Friday after the company reported 2022 financial results and provided a business update.
• Crown ElectroKinetics Corp. CRKN fell 9.3% to $0.1301 in pre-market trading after dropping 15% on Friday. Crown Electrokinetics posted a FY22 loss of $0.82 per share.
• TORM plc TRMD fell 9% to $28.32 in pre-market. TORM shares gained 9% on Friday after the company announced termination of a secondary public offering of its Class A common shares by a selling shareholder.
• Frontline plc FRO fell 8.2% to $15.20 in pre-market trading.
• CXApp Inc. CXAI fell 6.1% to $1.70 in pre-market trading after jumping 20% on Friday.
• SoundHound AI, Inc.. SOUN fell 6.1% to $2.59 in pre-market trading after jumping 40% on Friday.
• Humanigen, Inc. HGEN shares fell 5.4% to $0.1357 in pre-market trading after gaining 7% on Friday.

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