Why Aspen Aerogels Shares Are Trading Higher By 26%; Here Are 20 Stocks Moving Premarket

Shares of Aspen Aerogels, Inc. ASPN rose sharply in today's pre-market trading after the company reported better-than-expected first-quarter financial results.

Aspen Aerogels posted a GAAP loss of 2 cents per share, compared to market expectations for a loss of 11 cents per share. The company's quarterly sales came in at $94.501 million versus estimates of $75.004 million, according to data from Benzinga Pro.

Aspen Aerogels shares jumped 26.2% to $19.21 in pre-market trading.

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

Gainers

• Emergent BioSolutions Inc. EBS gained 72.1% to $3.32 in pre-market trading after the company announced operational changes to stabilize its financial position and reported first-quarter financial results.
• Aptevo Therapeutics Inc. APVO gained 38.5% to $1.33 in pre-market trading after jumping around 35% on Wednesday.
• Carvana Co. CVNA rose 34.8% to $117.46 in today's pre-market trading after the company announced upbeat quarterly results.
• Enovix Corporation ENVX jumped 21.4% to $7.90 in pre-market trading after the company reported mixed first-quarter financial results.
• Ondas Holdings Inc. ONDS shares gained 16.5% to $0.97 in pre-market trading.
• Butterfly Network, Inc. BFLY shares gained 15.6% to $0.9101 in pre-market trading after the company reported better-than-expected first-quarter financial results.
• Rent the Runway, Inc. RENT shares rose 14.2% to $14.14 in pre-market trading after surging 22% on Wednesday.
• Prime Medicine Inc PRME shares gained 13.8% to $6.00 in pre-market trading after gaining 7% on Wednesday.
• Rush Street Interactive, Inc. RSI shares rose 12.6% to $7.23 in pre-market trading after the company reported better-than-expected first-quarter financial results and issued FY24 revenue guidance above estimates.

Losers

• Fastly, Inc. FSLY fell 31.8% to $8.82 in pre-market trading after the company reported first-quarter financial results. The company said it expects second-quarter revenue in a range of $130 million and $134 million, versus the $140.16 million analyst estimate.
• Freshworks Inc. FRSH shares declined 28.6% to $13.02 in pre-market trading after the company reported first-quarter financial results and announced a CEO transition. Baird analyst Rob Oliver downgraded Freshworks from Outperform to Neutral and lowered the price target from $28 to $16.
• CytomX Therapeutics, Inc. CTMX fell 17.4% to $4.24 in pre-market trading. CytomX Therapeutics shares jumped 215% on Wednesday after the company announced that it will report first-quarter 2024 results and provide an initial CX-904 Phase 1a dose escalation update on May 8, 2024.
• Remitly Global Inc RELY shares fell 16.7% to $14.58 in pre-market trading after the company reported mixed first-quarter financial results.
• Etsy, Inc. ETSY shares fell 13.2% to $60.45 in pre-market trading after the company reported worse-than-expected first-quarter financial results.
• DoorDash, Inc. DASH fell 12.5% to $111.50 pre-market trading after the company reported mixed first-quarter financial results.
• IM Cannabis Corp. IMCC shares declined 11.2% to $0.9858 in pre-market trading after gaining around 29% on Wednesday.
• Qorvo, Inc. QRVO shares fell 10.6% to $100.00 in pre-market trading following weak first-quarter guidance.
• Visionary Holdings Inc GV shares declined 11.8% to $0.20 in pre-market trading after falling 6% on Wednesday.
• Zillow Group, Inc. Z fell 6.5% to $39.19 pre-market trading after the company reported its first-quarter financial results.

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