Why Chewy Shares Are Trading Higher By 17%; Here Are 20 Stocks Moving Premarket

Gainers

• Airspan Networks Holdings Inc. MIMO shares rose 58.9% to $0.3754 in pre-market trading. Airspan Networks recently reported new financing and leadership changes.
• T2 Biosystems, Inc. TTOO shares gained 50% to $0.1350 in pre-market trading after dropping 33% on Wednesday. T2 Biosystems recently announced the second-largest sepsis-driven T2Dx instruments sale in the company's history.
• AGBA Group Holding Limited AGBA shares surged 37.7% to $2.23 in pre-market trading after gaining around 9% on Wednesday.
• Wejo Group Limited WEJO gained 28.2% to $0.1090 in pre-market trading after declining around 31% on Wednesday. Wejo Group recently said it is evaluating whether to file ancillary insolvency proceedings for the company and other units in other jurisdictions, including the US.
• VCI Global Limited VCIG shares rose 28% to $3.47 in pre-market trading after gaining 7% on Wednesday. VCI Global said it will be subscribing for 500 new GlobexUS Holdings Corp shares at $3,000 per share for $1.5 million.
• Hoth Therapeutics, Inc. HOTH rose 24.1% to $1.96 in pre-market trading. EF Hutton assumed Buy rating and $14 price target on Hoth.
• Chewy, Inc. CHWY rose 17% to $34.50 in pre-market trading on the heels of a strong first-quarter report.
• Apollomics, Inc. APLM gained 15.1% to $4.66 in pre-market trading.
• AstroNova, Inc. ALOT shares climbed 12.5% to $17.97 in pre-market trading. AstroNova is expected to report its first-quarter fiscal 2024 financial results on June 8, 2023.
• Kingsoft Cloud Holdings Limited KC shares gained 10.6% to $4.94 in pre-market trading. The China-based technology firm recently reported a first-quarter FY23 revenue of $271.48 million, missing the consensus of $282.80 million.

Losers

• C3.ai, Inc. AI fell 20.4% to $31.85 in pre-market. C3.ai reported better-than-expected earnings and sales results for its first quarter. C3.ai also said it sees first-quarter revenue of $70 million to $72.5 million versus estimates of $71.56 million.
• Aridis Pharmaceuticals, Inc. ARDS shares dropped 19% to $0.3220 in pre-market trading. Aridis Pharmaceuticals shares jumped around 115% on Wednesday after the company announced it received agreement from the FDA on its proposed single confirmatory Phase 3 study of AR-301 and the clinical study design..
• Okta, Inc. OKTA shares dropped 19% to $73.50 in pre-market trading despite strong first-quarter results.
• Eledon Pharmaceuticals, Inc. ELDN fell 17.6% to $1.73 in pre-market trading after jumping 20% on Wednesday.
• Lexicon Pharmaceuticals, Inc. LXRX fell 16.7% to $2.75 in pre-market trading after the company reported a proposed public offering of common stock.
• VolitionRx Limited VNRX fell 16.6% to $1.29 in pre-market trading after announcing a proposed underwritten public offering of common stock.
• Victoria's Secret & Co. VSCO shares fell 16% to $17.15 in pre-market trading after the company reported a sharp decline in first-quarter EPS.
• IM Cannabis Corp. IMCC fell 14.7% to $1.09 in pre-market trading after jumping around 20% on Wednesday.
• QualTek Services Inc. QTEK fell 13.7% to $0.0773 in pre-market trading. QualTek Services shares dropped over 40% on Wednesday after the company received a Nasdaq delisting notice.
• VIQ Solutions Inc. VQS fell 11.8% to $0.2644 in pre-market trading after gaining over 28% on Wednesday.

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