Why Wolfspeed Shares Are Trading Higher By Around 8%; Here Are 20 Stocks Moving Premarket

Shares of Wolfspeed, Inc. WOLF shares gained 8.2% to $14.62 in pre-market trading after the company reported its fourth-quarter financial results.

Wolfspeed reported quarterly losses of 89 cents per share, missing the consensus estimate of losses of 84 cents per share, and revenue of $200.7 million for the quarter, also missing the Street estimate. Fiscal-year losses of $2.59 per share and full-year revenue of $807.2 million both missed the analyst consensus estimates, as well.

Wolfspeed shares jumped 8.2% to $14.62 in pre-market trading.

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

Gainers

• Staffing 360 Solutions, Inc. STAF rose 113.5% to $2.52 in today's pre-market trading after dipping around 15% on Wednesday.
• Mobix Labs, Inc. MOBX gained 90.8% to $1.68 in pre-market trading after reporting results for the third quarter.
• Beneficient BENF gained 37.5% to $3.18 in pre-market trading.
• Guardion Health Sciences, Inc. GHSI shares rose 28% to $11.58 in pre-market trading after the company announced its declared a $5 per share dividend.
• GD Culture Group Limited  GDC gained 22.2% to $4.79 in pre-market trading. GD Culture Group shares jumped 128% on Wednesday after the company announced that it launched its TikTok account.
• Roma Green Finance Ltd ROMA gained 15.5% to $0.59 in pre-market trading after declining over 10% on Wednesday.
• Kindly MD Inc KDLY gained 13.8% to $1.97 in pre-market trading.
• Quantum Corporation QMCO gained 13.1% to $0.2488 in pre-market trading.
• Clover Health Investments, Corp. CLOV climbed 8.6% to $3.80 in pre-market trading after jumping 13% on Wednesday.

Losers

• Revelation Biosciences, Inc. REVB shares fell 30.6% to $1.45 in pre-market trading after the company announced exercise of warrants for $3.8 million in gross proceeds.
• Virax Biolabs Group Limited VRAX shares declined 20.5% to $5.09 in pre-market trading after the company announced a $5 million registered direct offering of 1,108,892 common shares at $4.50/share.
• Notable Labs, Ltd. NTBL declined 18.2% to $0.4664 in pre-market trading. The company announced progress for its Phase 2 volasertib program.
• Galmed Pharmaceuticals Ltd. GLMD fell 17.4% to $0.3550 in today's pre-market trading after surging 42% on Wednesday.
• Thunder Power Holdings, Inc. AIEV fell 15.8% to $0.61 in pre-market trading after the company entered into $100 million committed equity facility.
• Santech Holdings Limited STEC fell 13.2% to $0.3780 in pre-market trading.
• InMed Pharmaceuticals Inc. INM shares dipped 12.1% to $0.3690 in pre-market trading.
• Urban Outfitters, Inc. URBN shares declined 11% to $36.94 in pre-market trading following second-quarter results.
• Snowflake Inc. SNOW shares fell 10% to $121.54 in pre-market trading after reporting second-quarter results
• NextPlat Corp NXPL shares fell 8.2% to $1.06 in pre-market trading.

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