Why Oracle Shares Are Trading Higher By 9%; Here Are 20 Stocks Moving Premarket

Shares of Oracle Corporation ORCL rose sharply in today's pre-market trading after the company reported fourth-quarter financial results.

Oracle posted weaker-than-expected earnings for its fiscal fourth quarter. The company also announced a partnership with Alphabet Inc’s GOOGL GOOG Google Cloud.

Oracle shares jumped 9% to $135.00 in the pre-market trading session.

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

Gainers

• Golden Heaven Group Holdings Ltd GDHG rose 70.3% to $0.3049 in today's pre-market trading.
• WANG & LEE GROUP, Inc. WLGS shares rose 43.1% to $0.8760 in pre-market trading after surging 16% on Tuesday.
• Surf Air Mobility Inc. SRFM gained 38% to $0.3860 in pre-market trading. Surf Air Mobility entered into an agreement to supply electric powertrains to Asta, a Brazilian Cessna Caravan operator.
• Beamr Imaging Ltd. BMR gained 28.2% to $5.64 in pre-market trading. Beamr said its cloud solution is now available in the Oracle Cloud Marketplace.
• Castellum, Inc. CTM shares gained 24.9% to $0.2410 in pre-market trading.
• Rentokil Initial plc RTO gained 11.5% to $30.01 in pre-market trading following a report suggesting Trian has amassed a stake in the company.
• The Aaron’s Company, Inc. AAN shares climbed 10.9% to $8.88 in pre-market trading.
• Mereo BioPharma Group plc MREO rose 10.8% to $3.90 in pre-market trading. Ultragenyx and Mereo reported 14-month results from Phase 2 portion of Phase 2/3 Orbit study.
• Ayro, Inc. AYRO shares rose 9.6% to $0.8991 in pre-market trading.

Losers

• ThermoGenesis Holdings, Inc. THMO shares declined 49.8% to $0.2691 in pre-market trading after the Nasdaq denied the company’s request for continued listing and the stock will be suspended at the opening of business on June 17, 2024.
• Clene Inc. CLNN shares dipped 24.7% to $0.31 in pre-market trading after falling 4% on Tuesday.
• Tonix Pharmaceuticals Holding Corp. TNXP shares declined 24.4% to $1.61 in pre-market trading after announcing a proposed public offering.
• KWESST Micro Systems Inc. KWE shares fell 21.9% to $0.7965 in pre-market trading after jumping around 17% on Tuesday. KWESST Micro Systems was recently awarded a sub-contract worth up to C$48 million by Thales Canada for software development services.
• ShiftPixy, Inc. PIXY shares declined 14.3% to $1.32 in pre-market trading after gaining over 5% on Tuesday.
• Oblong, Inc. OBLG fell 14.2% to $0.1723 in pre-market trading after declining 5% on Tuesday. Obglong recently signed a non-binding letter of intent to acquire Dwellwell Analytics.
• PetMed Express, Inc. PETS shares fell 13.8% to $4.06 in pre-market trading following mixed fourth-quarter results. The company said results were negatively impacted by a challenging macro environment and industry dynamics.
• mF International Limited MFI shares fell 13% to $0.99 in pre-market trading after surging around 13% on Tuesday.
• Calidi Biotherapeutics, Inc. CLDI shares fell 12.2% to $0.2370 in pre-market trading after jumping around 32% on Tuesday. Calidi Biotherapeutics recently announced collaboration with SIGA Technologies to advance Calidi’s RTNova virotherapy for lung cancer and metastatic solid tumors.
• Big Tree Cloud Holdings Limited DSY shares fell 11.9% to $2.45 in pre-market trading after dipping 23% on Tuesday. Big Tree Cloud recently announced completion of its business combination with Plutonian Acquisition Corp.

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