Progress Software Posts Strong Q4 Results, Joins Impinj, REGENXBIO And Other Big Stocks Moving Higher In Wednesday's Pre-Market Session

U.S. stock futures were lower this morning, with the Dow Jones futures falling more than 100 points on Wednesday.

Shares of Progress Software Corporation PRGS rose in pre-market trading as the company posted stronger-than-expected results for its fourth quarter.

The company said it sees FY24 adjusted earnings of $4.58 to $4.68 per share on revenue of $722 million to $732 million.

Progress Software shares gained 2.9% to $55.14 in pre-market trading.

Here are some big stocks recording gains in today’s pre-market trading session.

• Natera, Inc. NTRA jumped 8.3% to $68.10 in pre-market trading. Natera announced that jury in US District Court for W. District of Texas ruled in patent infringement lawsuit brought by Ravgen, awarding $57 million in damages, below the $410 million sought.
• Impinj, Inc. PI surged 7.6% to $88.01 in pre-market trading after the company reported preliminary revenue and adjusted EBITDA for the fourth quarter.
• REGENXBIO Inc. RGNX shares gained 4.9% to $16.02 in pre-market trading. REGENXBIO announced interim data from Phase II AAVIATE trial of ABBV-RGX-314 for the treatment of wet AMD using suprachoroidal delivery.
• Rumble Inc. RUM gained 4.8% to $4.11 in pre-market trading after jumping over 15% on Tuesday.
• Maplebear Inc. CART rose 2.6% to $24.50 in pre-market trading.

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