Why Porch Group Shares Are Trading Higher By Around 20%; Here Are 20 Stocks Moving Premarket

Shares of Porch Group, Inc. PRCH rose sharply in pre-market trading after the company reported better-than-expected fourth-quarter financial results and issued FY24 guidance.

Porch Group posted GAAP loss of 3 cents per share, versus market estimates for a loss of 21 cents per share. The company’s quarterly sales came in at $114.612 million, beating expectations of $99.328 million, according to data from Benzinga Pro.

Porch Group shares jumped 20.5% to $3.75 in pre-market trading

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

Gainers

• Ainos, Inc. AIMD gained 211.6% to $3.49 in pre-market trading after dipping 18% on Thursday.
• MIRA Pharmaceuticals, Inc. MIRA shares rose 70.3% to $1.56 in pre-market trading. MIRA Pharmaceuticals, last month, announced a research collaboration with Pharmaseed to research and evaluate Ketamir for patients with major depressive disorder and post-traumatic stress disorder.
• CERo Therapeutics Holdings, Inc. CERO shares rose 48.7% to $4.58 in pre-market trading after surging over 20% on Thursday. CERo Therapeutics recently announced the publication of preclinical research analyzing CER-1236 in targeting Acute Myelogenous Leukemia tumor cells from human patients.
• reAlpha Tech Corp. AIRE rose 34.4% to $1.68 in pre-market trading. reAlpha Tech, last month, appointed Michael Frenz as CFO and Mike Logozzo as President and COO.
• Auddia Inc. AUUD gained 27% to $4.24 in pre-market trading. Auddia recently announced withdrawal of S-1 to finance acquisition of Radio FM.
• Swvl Holdings Corp. SWVL climbed 25.7% to $9.30 in pre-market trading after jumping around 38% on Thursday.
• Gulf Island Fabrication, Inc. GIFI shares gained 23.7% to $6.41 in pre-market trading after the company reported a year-over-year increase in fourth-quarter revenue results.
• Viracta Therapeutics, Inc. VIRX shares gained 22.2% to $0.9898 in pre-market trading following fourth-quarter results.
• Lotus Technology Inc. LOT gained 17.2% to $7.37 in pre-market trading after gaining 9% on Thursday.

Losers

• AerSale Corporation ASLE fell 19.4% to $7.58 pre-market trading after the company reported worse-than-expected fourth-quarter financial results.
• Brera Holdings PLC BREA shares tumbled 18% to $1.60 in pre-market trading. Brera Holdings shares jumped 91% on Thursday after the company announced that its Executive Chairman, Daniel McClory, acquired a majority stake in the company.
• BigBear.ai Holdings, Inc. BBAI fell 17.6% to $3.10 in pre-market trading after the company reported worse-than-expected fourth-quarter financial results.
• Immuron Limited IMRN shares dipped 16.3% to $3.81 in pre-market trading after jumping 161% on Thursday.
• Grom Social Enterprises, Inc. GROM dipped 14.2% to $1.09 in pre-market trading after jumping 65% on Thursday. The company announced that it entered into a non-binding letter of intent to acquire Arctic7.
• Nxu, Inc. NXU fell 13.8% to $0.8498 pre-market trading after surging 28% on Thursday. Nxu recently announced it successfully charged a Tesla Cybertruck.
• Traeger, Inc. COOK fell 13.1% to $2.05 in pre-market trading after the company reported worse-than-expected fourth-quarter adjusted EPS results and issued FY24 revenue guidance below estimates.
• MultiSensor AI Holdings, Inc. MSAI shares tumbled 12.4% to $3.19. MultiSensor AI Holdings shares gained 8% on Thursday after the company entered into an agreement to terminate a provision of its Business Combination Agreement with SportsMap Tech Acquisition Corp that would have required the issuance of 2.4 million shares of its stock to certain former holders of Infrared Camera Holdings.
• Petróleo Brasileiro S.A. - Petrobras PBR shares fell 11.4% to $14.80 in pre-market trading as the company reported a 6.3% year-over-year decline in its fourth-quarter net recurring profit.
• MongoDB, Inc. MDB declined 8.1% to $378.65 in pre-market trading after the company issued weak FY25 guidance.

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