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

Shares of The Gap, Inc. GPS jumped in pre-market trading after the company reported better-than-expected financial results for the third quarter on Thursday.

The Gap reported earnings of 59 cents per share, exceeding the analyst consensus estimate of 18 cents. Quarterly sales of $3.767 billion beat the analyst consensus estimate of $3.610 billion, a 7% decrease from sales of $4.039 billion in the same period of 2022, according to data from Benzinga Pro.

Gap shares rose 17.1% to $16.01 in pre-market.

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

Gainers

• Safe and Green Development Corporation SGD shares rose 150.5% to $7.59 in pre-market trading. Safe And Green Development shares jumped around 559% on Thursday after the company said it does not intend to conduct the offering of the shares of common stock contemplated by the Registration Statement.
• Syntec Optics Holdings, Inc. OPTX shares rose 67% to $8.60 in pre-market trading after gaining around 12% on Thursday. Syntec Optics was awarded a contract for optics in biomedical equipment.
• Mural Oncology plc MURA shares surged 56.5% to $5.95 in pre-market trading after falling around 92% on Thursday.
• BIO-key International, Inc. BKYI shares rose 22.2% to $0.1968 in pre-market trading.
• C3is Inc. CISS rose 19.9% to $0.50 in pre-market trading. C3is recently reported third-quarter sales of $10.11 million.
• Better Therapeutics, Inc. BTTX shares climbed 18.8% to $0.2020 in pre-market trading. Better Therapeutics recently posted a narrower-than-expected quarterly loss.
• Earlyworks Co., Ltd ELWS gained 15.7% to $0.58 in pre-market trading after jumping over 20% on Thursday. Earlyworks recently received Nasdaq notification regarding minimum bid price deficiency.
• 60 Degrees Pharmaceuticals, Inc. SXTP shares rose 11.8% to $0.7602 in pre-market trading after falling 11% on Thursday. 60 Degrees Pharmaceuticals recently announced that that FDA has granted a Type C meeting to consult on the path forward in developing the tafenoquine regimen of arakoda for hospitalized babesiosis patients.
• Marin Software Incorporated MRIN rose 11.2% to $0.32 in pre-market trading after falling around 10% on Thursday. Marin Software recently posted a narrower third-quarter loss.

Losers

• Bone Biologics Corporation BBLG dipped 28.3% to $0.5596 in pre-market trading after the company announced a registered direct offering priced at-the-market under Nasdaq rules.
• ChargePoint Holdings, Inc. CHPT shares fell 24.3% to $2.37 in pre-market trading after the company reported preliminary results and announced a management transition. The company appointed Rick Wilmer, who has been COO since July 2022, as its new president and CEO, effective Nov. 16.
• Alpha Technology Group Limited ATGL shares fell 17.2% to $24.69 in pre-market trading after jumping 136% on Thursday.
• KORE Group Holdings, Inc. KORE fell 12.2% to $0.6140 in pre-market after jumping over 58% on Thursday. KORE Group disclosed completion of its previously announced transactions to refinance its approximately $300m term loan.
• PaxMedica, Inc. PXMD shares fell 12.4% to $1.77 in pre-market trading after dipping over 16% on Thursday. PaxMedica announced a comprehensive business update along with its financial results for the third quarter.
• Aclarion, Inc. ACON shares fell 11.8% to $0.2998 in pre-market trading after jumping over 10% on Thursday.
• Infobird Co., Ltd IFBD fell 11.4% to $0.0906 in pre-market trading. Infobird disclosed a 1-for-20 share consolidation and increase of the authorized share capital.
• Safety Shot, Inc. SHOT shares fell 10.3% to $2.62 in pre-market trading after jumping 28% on Thursday. Safety Shot said due to spin-off of SRM Entertainment, Limited, the company expects that revenue will decrease from $1,035,762 to about $808,778.
• WaveDancer, Inc. WAVD shares fell 9.7% to $2.52 in pre-market trading. WaveDancer shares jumped 85% on Thursday after the company entered an all-stock merger agreement with Firefly Neuroscience.
• Innovative Eyewear, Inc. LUCY fell 9.7% to $0.37 in pre-market trading after declining around 5% on Thursday.

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