Why Discover Financial Services Shares Are Trading Higher By Around 11%; Here Are 20 Stocks Moving Premarket

Shares of Discover Financial Services DFS shares rose sharply in today’s pre-market trading.

Capital One Financial Corp COF announced its plans to purchase Discover Financial Services, marking a pivotal $35.3 billion all-stock transaction.

As per the terms of the deal, Discover shareholders are slated to receive 1.0192 shares of Capital One for every share they hold, translating to a 26% premium over Discover's last closing price.

Discover Financial Services shares jumped 11.2% to $122.88 in pre-market trading

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

Gainers

• AgriFORCE Growing Systems Ltd. AGRI gained 283.1% to $0.82 in pre-market trading. AgriFORCE was granted patent from the USPTO related to its FORCEGH+ facilities
• Shineco, Inc. SISI shares jumped 156% to $3.77 in pre-market trading after surging more than 16% on Friday. Shineco recently announced plans for a 1-for-10 reverse stock split to regain compliance with Nasdaq minimum bid requirement.
• TRxADE HEALTH, Inc. MEDS shares rose 100.4% to $8.30 in pre-market trading. TRxADE HEALTH announced the sale of assets of subsidiary Trxade, Inc. to Micro Merchant Systems for $22.5 million, with potential additional $7.5 million payout.
• Enviva Inc. EVA shares surged 51.5% to $0.4953 in pre-market trading after falling around 12% on Friday. The Wall Street Journal recently reported that Enviva was preparing to file for bankruptcy.
• Iovance Biotherapeutics, Inc. IOVA shares rose 41.2% to $12.92 in pre-market trading. Iovance's AMTAGVI received the U.S. FDA accelerated approval for advanced melanoma.
• D-Wave Quantum Inc. QBST shares gained 40.2% to $2.44 in pre-market trading. NEC and D-Wave introduced new quantum offerings to the Australian market.
• Ocugen, Inc. OCGN gained 39.1% to $1.32 in pre-market trading after jumping 27% on Friday.
• DDC Enterprise Limited DDC gained 31.3% to $2.73 in pre-market trading after surging around 7% on Friday.
• Ostin Technology Group Co., Ltd. OST shares rose 25.8% to $0.8669 in pre-market trading after gaining over 16% on Friday.

Losers

• Universe Pharmaceuticals INC UPC shares dipped 30.9% to $1.70 in pre-market trading after gaining around 44% on Friday.
• MicroCloud Hologram Inc. HOLO shares fell 26% to $49.14 in pre-market trading after jumping 114% on Friday.
• Gaxos.ai Inc. GXAI shares declined 22.8% to $0.5450 in pre-market trading after surging 173% on Friday. The company announced that its gaming division will launch an AI solution for game developers and studios.
• Tarena International, Inc. TCTM fell 22.8% to $1.39 in pre-market trading after gaining 64% on Friday.
• FLJ Group Limited FLJ shares tumbled 22.8% to $0.9111 in pre-market trading. FLJ Group filed annual report on Form 20-F for fiscal year 2023.
• Oriental Culture Holding LTD OCG shares fell 20.9% to $1.40 in pre-market trading after gaining 21% on Friday.
• Tevogen Bio Holdings Inc. TVGN shares fell 18.8% to $7.72 in pre-market trading. Tevogen Bio recently announced an $8 million equity investment.
• Lichen China Limited LICN dipped 18% to $1.14 in pre-market trading after gaining around 19% on Friday.
• Tian Ruixiang Holdings Ltd TIRX shares fell 17.8% to $0.6988 in pre-market trading after gaining 42% on Friday.
• AGM Group Holdings Inc. AGMH shares declined 17.6% to $1.53 in pre-market trading.

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