Why Palantir Shares Are Trading Higher By Around 13%; Here Are 20 Stocks Moving Premarket

Shares of Palantir Technologies Inc. PLTR rose sharply in today's pre-market trading after the company reported better-than-expected third-quarter financial results and issued guidance above consensus estimates.

Revenue increased 5% year over year to $3.07 billion, beating the consensus of $3.05 billion. Adjusted EPS of 77 cents surpassed the street view of 68 cents.

Palantir Technologies shares rose 12.9% to $46.75 in the pre-market trading session.

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

Gainers

• Simpple Ltd. SPPL gained 69.5% to $2.00 in pre-market trading after jumping around 269% on Monday.
• Bionomics Limited BNOX rose 67.6% to $0.3219 in pre-market trading. Bionomics received milestone payment of AUS$1 million from Carina Biotech for BNC101 partnered legacy oncology program.
• Avalon GloboCare Corp. ALBT shares surged 42.4% to $3.19 in pre-market trading after dipping 24% on Monday.
• QuinStreet, Inc. QNST climbed 29.8% to $26.22 in pre-market trading after the company posted upbeat quarterly results and raised its FY25 sales outlook.
• Astera Labs, Inc. ALAB gained 26.1% to $87.83 in pre-market trading after the company announced better-than-expected quarterly results.
• Zyversa Therapeutics Inc ZVSA shares rose 15.3% to $2.10 in pre-market trading after falling 5% on Monday.
• Vimeo, Inc. VMEO gained 15.2% to $5.54 in pre-market trading after the company posted upbeat quarterly results.
• Kingsoft Cloud Holdings Limited KC gained 12.6% to $3.12 in pre-market trading.
• Alarum Technologies Ltd – ADR ALAR gained 16.6% to $14.39 in pre-market trading.
• Elevai Labs Inc. ELAB gained 11.9% to $0.0225 in pre-market trading after the company announced update and extension of pending offer to exchange.

Losers

• Marqeta, Inc. MQ shares tumbled 38.8% to $3.64 in pre-market trading following weak quarterly sales.
• Verrica Pharmaceuticals Inc. VRCA shares fell 31.4% to $0.98 in pre-market trading after the company posted downbeat quarterly results.
• Trio Petroleum Corp. TPET dipped 24.8% to $0.0960 in pre-market trading after the company announced a 1-for-20 reverse stock split.
• Navitas Semiconductor Corporation NVTS shares fell 19.4% to $2.10 in pre-market trading after the company reported weak third-quarter sales.
• Lattice Semiconductor Corporation LSCC declined 18% to $42.55 in pre-market trading following soft fourth-quarter guidance.
• Nft Ltd MI shares dipped 16.1% to $7.50 in pre-market trading after gaining 9% on Monday.
• Vast Renewables Limited VSTE fell 16.2% to $5.66 in pre-market trading after surging more than 40% on Monday.
• Celanese Corporation CE fell 15.8% to $103.89 in today's pre-market trading after the company reported worse-than-expected third-quarter financial results and announced it intends to temporarily reduce its quarterly dividend.
• Altice USA, Inc. ATUS fell 14.3% to $2.22 in pre-market trading after the company reported weak third-quarter financial results.
• Tactile Systems Technology, Inc. TCMD fell 10.3% to $13.55 in pre-market trading after the company posted weak quarterly sales and lowered FY24 sales forecast.

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