Why Beyond Meat Shares Are Trading Higher By Around 56%; Here Are 20 Stocks Moving Premarket

Shares of Beyond Meat, Inc. BYND rose sharply in today’s pre-market trading as the company reported stronger-than-expected sales for its fourth quarter.

Beyond Meat said fourth-quarter revenues decreased 7.8% year-over-year to $73.7 million, which beat consensus estimates of $66.66 million. The plant-based meat company reported a fourth-quarter loss of $2.40 per share, versus a loss of $1.05 per share in the prior year’s quarter.

The company expects full-year 2024 revenues to be between $315 million and $345 million.

Beyond Meat shares jumped 56% to $11.73 in pre-market trading

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

Gainers

• Nauticus Robotics, Inc. KITT gained 80% to $0.55 in pre-market trading.
• Bit Brother Limited BETS shares rose 68.7% to $4.20 in pre-market trading.
• Avalon GloboCare Corp. ALBT shares surged 33.4% to $0.4950 in pre-market trading after dipping 8% on Tuesday.
• Flywire Corporation FLYW gained 21.4% to $29.76 in pre-market trading after the company reported better-than-expected fourth quarter financial results.
• Connexa Sports Technologies Inc. CNXA shares jumped 21.3% to $0.2851 in pre-market trading.
• KORE Group Holdings, Inc. KORE shares rose 18.8% to $1.01 in pre-market trading.
• Genetic Technologies Limited GENE gained 18.6% to $2.30 in pre-market trading.
• Ventyx Biosciences, Inc. VTYX shares jumped 15% to $6.96 in pre-market trading following fourth-quarter results.
• ACM Research, Inc. ACMR rose 13.6% to $24.75 in pre-market trading after the company reported better-than-expected fourth-quarter FY23 results.

Losers

• Oragenics, Inc. OGEN shares dipped 43.3% to $1.39 in pre-market trading. Oragenics priced its public offering 1.4 million common shares at $1.50 per share for gross proceeds of $2.1 million.
• Integral Ad Science Holding Corp. IAS shares tumbled 26.1% to $12.63 after the company reported fourth-quarter financial results.
• Vicarious Surgical Inc. RBOT fell 21.7% to $0.4230 in pre-market trading after jumping 57% on Tuesday.
• 3D Systems Corporation DDD fell 17.2% to $4.33 pre-market trading following weak fourth-quarter financial results.
• Vertex Energy, Inc. VTNR shares dipped 16.7% to $1.40 in pre-market trading after posting a fourth-quarter loss.
• Eventbrite, Inc. EB fell 15.8% to $7.00 in pre-market trading after the company reported mixed fourth-quarter financial results.
• Lemonade, Inc. LMND shares declined 15.1% to $18.45 in pre-market trading after the company reported fourth-quarter financial results.
• Solarmax Technology Inc. SMXT shares fell 12.5% to $7.00 in pre-market trading. SolarMax Technology announced pricing of initial public offering and listing on Nasdaq.
• Recursion Pharmaceuticals, Inc. RXRX shares fell 10.7% to $13.86 in pre-market trading after the company reported mixed fourth-quarter financial results.
• Urban Outfitters, Inc. URBN shares declined 9.8% to $42.55 in pre-market trading after the company reported fourth-quarter financial results.

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