Why Robinhood Shares Are Trading Higher By Around 12%; Here Are 20 Stocks Moving Premarket

Shares of Robinhood Markets, Inc. HOOD rose sharply in today’s pre-market trading after the company reported February trading metrics.

After the market close on Wednesday, Robinhood said total funded customers grew to 23.6 million at the end of February, up approximately 130,000 from January.

Robinhood Markets shares jumped 11.6% to $19.15in pre-market trading

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

Gainers

• ShiftPixy, Inc. PIXY gained 50.4% to $4.89 in pre-market trading after gaining over 3% on Wednesday.
• Presto Automation Inc. PRST shares rose 39.6% to $0.3140 in pre-market trading after jumping 15% on Wednesday.
• CCSC Technology International Holdings Limited CCTG rose 29.9% to $4.35 in pre-market trading after gaining 14% on Wednesday.
• Turtle Beach Corporation HEAR gained 23.5% to $13.64 in pre-market trading after the company announced the acquisition of PDP and its intention to launch a modified "Dutch Auction" Tender Offer. The company also reported fourth-quarter financial results.
• Spero Therapeutics, Inc. SPRO climbed 18.1% to $1.96 in pre-market trading following better-than-expected fourth-quarter financial results.
• New Horizon Aircraft Ltd. HOVR shares gained 18.1% to $3.12 in pre-market trading after adding around 10% on Wednesday.
• BigBear.ai Holdings, Inc. BBAI gained 13.3% to $2.79 in pre-market trading after gaining over 5% on Wednesday. BigBear.Ai recently reported worse-than-expected fourth-quarter financial results.
• Mind Medicine (MindMed) Inc. MNMD rose 13.2% to $9.73 in pre-market trading after gaining 9% on Wednesday.
• Auddia Inc. AUUD shares gained 13.1% to $3.11 in pre-market trading after falling 6% on Wednesday.

Losers

• Spruce Biosciences, Inc. SPRB fell 74.2% to $1.34 pre-market trading after reporting FY23 results. The company also announced resource prioritization and cost reductions including reduction in force of 21%.
• Solidion Technology Inc. STI dipped 33.5% to $0.83 in pre-market trading. Solidion Technology priced its $3.85 million private placement.
• Fisker Inc. FSR fell 32.4% to $0.2178 in pre-market trading. Fisker is preparing for a possible bankruptcy filing, The Wall Street Journal reported, citing sources.
• Hello Group Inc. MOMO fell 19.1% to $6.21 pre-market trading after the company reported fourth-quarter financial results and issued first-quarter revenue guidance.
• Erayak Power Solution Group Inc. RAYA fell 19.1% to $0.76 in pre-market trading after surging 31% on Wednesday.
• Pagaya Technologies Ltd. PGY declined 14.1% to $13.32 in pre-market trading after the company commenced an underwritten offering of 6.5 million shares.
• Futu Holdings Limited FUTU shares fell 11.5% to $57.90 in pre-market trading following fourth-quarter results.
• Global Gas Corporation HGAS shares fell 10.3% to $2.27 in pre-market trading after surging 16% on Wednesday.
• Vroom, Inc. VRM shares tumbled 9.4% to $15.85 as the company reported a loss of $80.51 per share for the fourth quarter. The company’s quarterly sales came in at $235.92 million which beat the analyst consensus estimate of $232 million.
• Qilian International Holding Group Limited QLI shares tumbled 9.2% to $0.5905 in pre-market trading after surging 18% on Wednesday.

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