Why Lumentum Shares Are Trading Higher By Around 16%; Here Are 20 Stocks Moving Premarket

Shares of Lumentum Holdings Inc. LITE rose sharply during Thursday's session after the company reported better-than-expected fourth-quarter financial results and issued strong first-quarter revenue guidance.

The company reported quarterly earnings of 6 cents per share which beat the analyst consensus estimate of 3 cents per share.

Lumentum Holdings shares jumped 16.4% to $52.99 in pre-market trading.

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

Gainers

• SciSparc Ltd. SPRC rose 90.1% to $0.6123 in today's pre-market trading after the company announced the courts approval to convene a meeting of shareholders to approve a merger with AutoMax.
• VS MEDIA Holdings Limited VSME gained 86.2% to $1.33 in pre-market trading after gaining 4% on Wednesday.
• Altamira Therapeutics Ltd. CYTO gained 52.2% to $1.40 in pre-market trading.
• Airship AI Holdings, Inc. AISP jumped 20.2% to $3.03 in pre-market trading after reporting a profit for the second quarter.
• Accuray Incorporated ARAY gained 20.2% to $1.72 in pre-market trading after the company reported better-than-expected fourth-quarter sales results.
• Nxu, Inc. NXU gained 15.2% to $0.39 in pre-market trading.
• Ulta Beauty, Inc. ULTA gained 15.2% to $379.24 in pre-market trading after Berkshire Hathaway added a stake in the company.
• Onconetix, Inc. ONCO shares rose 13.7% to $0.1707 in pre-market trading after gaining 13% on Wednesday.
• Syntec Optics Holdings, Inc. OPTX gained 13.6% to $1.67 in pre-market trading. Syntec Optics Holdings posted second-quarter results on Wednesday.

Losers

• Turnstone Biologics Corp. TSBX shares declined 40.5% to $1.30 in pre-market trading after the company reported worse-than-expected second-quarter EPS results.
• Titan Machinery Inc. TITN declined 26.9% to $11.24 in pre-market trading as the company reported weak preliminary financial results for the second quarter.
• Jianzhi Education Technology Group Company Limited JZ shares declined 26.9% to $0.65 in pre-market trading after gaining 12% on Wednesday
• Vicinity Motor Corp VEV fell 20.5% to $0.1450 in today's pre-market trading after dipping 12% on Wednesday.
• Spire Global, Inc. SPIR shares dipped 18.5% to $8.28 in pre-market trading after the company announced it filed a Form 12b-25 for late filing of its Q2 2024 report.
• Avalon GloboCare Corp. ALBT fell 18% to $0.3922 in pre-market trading. Avalon GloboCare shares jumped 82% on Wednesday after the company announced its Laboratory Services MSO, LLC has begun manufacturing the GeeWhiz external male catheter.
• Faraday Future Intelligent Electric Inc. FFIE shares fell 16.4% to $0.1403 in pre-market trading after the company announced a reverse stock split and authorized share reduction.
• Aethlon Medical, Inc. AEMD shares fell 16.1% to $0.3227 in pre-market trading following worse-than-expected first-quarter EPS results.
• Digital Ally, Inc DGLY fell 14.6% to $1.160 Inc pre-market trading. Digital Ally shares jumped 62% on Wednesday after the company was granted a U.S. Patent for tracking and analysis of drivers within a fleet of vehicles.
• Precigen, Inc. PGEN shares fell 9% to $1.02 in pre-market trading after posting weak quarterly results

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