Why Richardson Electronics Shares Are Trading Lower By 13%; Here Are 20 Stocks Moving Premarket

Shares of Richardson Electronics, Ltd. RELL fell sharply in today’s pre-market trading after the company posted weaker-than-expected results for its second quarter.

Richardson Electronics posted a quarterly loss of 13 cents per share, compared to market estimates for earnings of 1 cent per share. The company’s quarterly sales came in at $44.13 million versus estimates of $52.00 million, according to data from Benzinga Pro.

Richardson Electronics shares dipped 13.2% to $10.85 in pre-market trading

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

Gainers

• Atreca, Inc. BCEL shares rose 53.2% to $0.1641 in pre-market trading after falling around 7% on Wednesday. Atreca, last month, announced the sale of a collection of antibody-related assets and materials to Immunome consisting of a $5.5 million upfront payment and up to $7.0 million in clinical development milestones.
• Bitcoin Depot Inc. BTM shares jumped 31.8% to $3.48 in pre-market trading amid strength in the price of Bitcoin. U.S. regulators gave the green light to Bitcoin ETFs.
• Transphorm, Inc. TGAN surged 30.6% to $4.95 in pre-market trading. after Renesas Electronics announced plans to acquire the company for $5.10 per share in cash.
• Marti Technologies, Inc. MRT shares gained 21.2% to $0.7899 in pre-market trading. Marti announced up to $2.5 million share repurchase program.
• Canaan Inc. CAN shares rose 14% to $2.44 in pre-market trading amid strength in the price of Bitcoin.
• Future FinTech Group Inc. FTFT surged 12.8% to $1.50 in pre-market trading after declining more than 5% on Wednesday.
• BTCS Inc. BTCS gained 12.8% to $2.28 in pre-market trading.
• Stronghold Digital Mining, Inc. SDIG shares climbed 12% to $7.77 in pre-market trading after falling more than 5% on Wednesday.
• Eightco Holdings Inc. OCTO gained 10.7% to $0.54 in pre-market trading after falling 5% on Wednesday.
• Qualigen Therapeutics, Inc. QLGN gained 9.8% to $0.56 in pre-market trading after falling around 5% on Wednesday.

Losers

• 180 Life Sciences Corp. ATNF shares fell 22.5% to $0.2341 in pre-market trading. 180 Life Sciences was granted EU patent titled "Method of Treating a Localized Fibrotic Disorder Using An Il-33 Antagonist."
• Greenbrook TMS Inc. GBNH shares fell 19.7% to $0.3458 in pre-market trading after jumping 61% on Wednesday.
• VYNE Therapeutics Inc. VYNE fell 10.7% to $2.00 in pre-market trading. VYNE Therapeutics recently announced biomarker data from Phase 1b trial of VYN201 for the treatment of vitiligo.
• Roadzen, Inc. RDZN shares fell 9.4% to $4.50 in pre-market trading after jumping 9% on Wednesday. Roadzen recently appointed Jean-Noël Gallardo as CFO.
• Clearmind Medicine Inc. CMND fell 9.2% to $2.66 in pre-market trading. Clearmind Medicine shares jumped around 42% on Wednesday after the company said it completed a Type A meeting with the U.S. Food and Drug Administration.
• HWH International Inc. HWH shares fell 8.7% to $2.10 in pre-market trading after declining 18% on Wednesday.
• Spectaire Holdings Inc. SPEC shares fell 8.5% to $2.22 in pre-market trading after gaining around 4% on Wednesday.
• PAVmed Inc. PAVM shares declined 8.5% to $3.62 in pre-market trading. PAVmed, on Jan. 7, got notification letter from the Nasdaq that the company regained compliance with $1 minimum bid price requirement for continued listing.
• Exicure, Inc. XCUR fell 8% to $0.7212 in pre-market trading after jumping 26% on Wednesday.

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