Short interest for IM Cannabis gives investors a sense of the degree to which investors are betting on the decline of IM Cannabis's stock. Short interest data is updated every two weeks.

IM Cannabis Stock (NASDAQ:IMCC), Short Interest Report

IM Cannabis

IM Cannabis Corp is a Canada-based international medical cannabis company. It operates in the field of medical cannabis, through Focus Medical Herbs Ltd. (Focus), which holds a cultivation license to breed, grow, and supply medical cannabis products The majority of its revenues are generated from sales of medical cannabis products to customers in Israel. The remaining revenues are generated from sales of medical cannabis, as well as other products, to customers in Germany. Geographically, the majority is from Israel.

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TLRY

Cannabis stocks soared Tuesday following reports that the DEA will move to reschedule marijuana from a Schedule I to a Schedule III substance. IM Cannabis shares are holding the gains, while larger weed stocks including Canopy Growth Corporation, Aurora Cannabis, Inc. and Tilray Brands, Inc. are dropping Wednesday. 

What&#39;s Going On With IM Cannabis Stock?

IM Cannabis Corp

IM Cannabis to transfer its Oranim Pharmacy shares back to seller

Im Cannabis Corp (TSE:IMCC) has released an update. IM Cannabis Corp, a key player in the Israeli and German medical cannabis markets, has opted no...

IM Cannabis Corp Refocuses on German Market

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>The progress toward legalization of cannabis in the United States continues at a slow pace, but medical marijuana is now permitted in approximately 37 states. Germany recently became the latest country to <a href="https://edition.cnn.com/2024/04/01/europe/germany-cannabis-legalization-day-scli-intl/index.html">legalize cannabis</a> for personal use beginning in April, coinciding with the informal holiday of <em>4/20</em>. It&rsquo;s the decriminalizing of cannabis at the federal level in the U.S. that would significantly advance the industry.<br><br>It has been several months since the U.S. Department of Health and Human Services recommended <a href="https://www.reuters.com/business/healthcare-pharmaceuticals/hhs-official-calls-move-marijuana-lower-risk-drug-category-bloomberg-news-2023-08-30/">relaxing restrictions</a> on cannabis, resulting in an uptick in cannabis stock for 4/20 celebrations. However, since then, action on the federal level has been a little slow. Nonetheless, the upcoming election in November may create new possibilities to <a href="https://ballotpedia.org/Marijuana_laws_and_ballot_measures_in_the_United_States">facilitate broader access</a> as several states will vote on legalization measures.<br><br>Amidst the uncertain legal landscape, listed <a href="https://investorplace.com/industries/healthcare/cannabis/">cannabis stocks</a> remain in the high-growth sector with smaller market caps and higher volatility. For investors willing to take on the market risks in hopes of profiting from anticipated legal changes, there may be opportunities for gains in cannabis stocks as the industry expands rapidly.</p>



<p>As these businesses continue <a href="https://blogs.cfainstitute.org/investor/2024/01/08/us-cannabis-investing-an-overview/">scaling operations</a> to commercial levels, below are a few cannabis stocks for 4/20 and beyond worth monitoring for their growth potential. However, given the sector&rsquo;s volatility, risk management is suggested.&#8203;</p>



<h2><a></a><strong>Canopy Growth (CGC)</strong></h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/10/cgc1600d-300x169.jpg" alt="Indoors marijuana growing, planting cannabis, holding it in a hand (canopy cgc stock)"><div>Source: Shutterstock</div></div><p>As the cannabis sector prepares for the unofficial 4/20 marijuana celebration, one company stands out as a bellwether for investors &mdash; <strong>Canopy Growth</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/cgc-stock-quote/"><strong>CGC</strong></a>).</p>



<p>Canopy represents what an investor might expect from investing in cannabis stocks for 4/20 and beyond, as its share price has swung widely in recent weeks. During this period, the company celebrated <a href="https://www.prnewswire.com/news-releases/canopy-growth-celebrates-passage-of-cannabis-legalization-in-germany-302097138.html">Germany&rsquo;s legalization</a> initiative, promising to enter the new market as soon as possible.</p>



<p>With shareholders greenlighting a new class of exchangeable shares, Canopy is not just expanding its footprint. They&rsquo;re also likely to attract more investor attention by clearing the way for Canopy USA to <a href="https://finance.yahoo.com/news/canopy-growth-announces-results-special-113000433.html">snap up some significant U.S. assets</a> after <strong>Constellation Brands</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/stz-stock-quote/"><strong>STZ</strong></a>) stepped down.</p>



<p>Analysts have been slowly raising their projections for Canopy&rsquo;s Q1 earnings over the last 90 days, which often signals that the company might beat estimates when results are reported. As the largest cannabis company in the world by market cap, Canopy Growth&rsquo;s performance could be a leading indicator of how other cannabis stocks for 4/20 and beyond may perform.&#8203;</p>



<h2><strong>IM Cannabis (IMCC)</strong></h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/marijuana1600c-300x169.jpg" alt="a marijuana leaf displayed among other numbers related to stock performance"><div>Source: Shutterstock</div></div><p><strong>IM Cannabis </strong>(NASDAQ:<a href="https://investorplace.com/stock-quotes/imcc-stock-quote/"><strong>IMCC</strong></a>), a medical cannabis company operating in Israel and Germany, has signed a licensing agreement to <a href="https://finance.yahoo.com/news/avant-brands-bolsters-international-growth-113000432.html">commercializ</a>e <strong>Avant Brands</strong>&lsquo; flagship <em>BLK MKTTM</em> brand in Germany. The partnership will grant IM Cannabis&rsquo; German subsidiary, Adjupharm GmbH, exclusive rights to introduce the brand in Germany&rsquo;s medical cannabis market, earning IM Cannabis a little more attention from investors seeking undervalued, albeit highly volatile, cannabis stocks for 4/20 and beyond.&#8203;</p>



<p>The company has already reported 2023 earnings and <a href="https://finance.yahoo.com/news/im-cannabis-reports-2023-financial-125600561.html">exceeded gross profit by 7.5%</a> to $9.8 million while registering a net loss of $10.2 million. However, revenue and profitability in the German market saw a substantial increase despite the Israeli market challenges. Management highlighted the potential merger with Kadimastem and cost reductions as positives for future growth. With the worst challenges from the Israel conflict behind, the legalization in Germany could be well-timed to capitalize on the growing demand for this one of the cannabis stocks for 4/20 and beyond.</p>



<h2><strong>Innovative Industrial Properties (IIPR)</strong></h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/10/marijuana-300x169.jpg" alt="marijuana in storage"><div>Source: Shutterstock</div></div><p>As investors research opportunities within cannabis stocks for 4/20 and beyond, one real estate investment trust (<span>REIT</span>) stands out as an interesting opportunity because it invests in land for growers &mdash; <strong>Innovative Industrial Properties</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/iipr-stock-quote/"><strong>IIPR</strong></a></span>). The company boasts a unique business model for investing in cannabis stocks for 4/20 and beyond. It actually <a href="https://www.businesswire.com/news/home/20240315833237/en/Innovative-Industrial-Properties-Declares-First-Quarter-2024-Dividends">generates profits</a> by acquiring, owning and managing specialized properties leased to state-licensed cannabis operators. Its structure has enabled the REIT to become one of the few cannabis companies <a href="https://investors.innovativeindustrialproperties.com/press-releases/2024/02-26-2024-214913474">producing profits</a>.<br><br>The company&rsquo;s share price has also traded relatively stable compared to other cannabis stocks, fluctuating around 15% year-to-date (YTD). Trading at a forward price-to-earnings (P/E) ratio of 16.4x, IIPR provides an attractive <a href="https://finance.yahoo.com/quote/IIPR?.tsrc=fin-srch">dividend yield of 7.8%</a>. The company generates consistent cash flows through its real estate portfolio comprising over 100 properties across 19 states and has increased annual dividends since its initial public offering (<span>IPO</span>).</p>



<p>For investors seeking exposure through a more established player with a proven business model, Innovative Industrial Properties warrants examination as part of a balanced strategy in cannabis stocks for 4/20 and beyond.</p>



<p><em>On the date of publication, Stavros Tousios did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com </em><a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/"><em>Publishing Guidelines</em></a>.</p>
<div><p>Stavros Tousios, MBA, is the founder and chief analyst at Markets Untold. With expertise in FX, macros, equity analysis, and investment advisory, Stavros delivers investors strategic guidance and valuable insights.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/04/three-top-cannabis-stock-picks-to-celebrate420/">Puff, Puff, Invest: 3 Top Cannabis Stock Picks to Celebrate 4/20</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

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<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>It&rsquo;s time to dive into the biggest pre-market stock movers as we check out all of the hottest news for Wednesday morning!</p>



<p>Moving stocks this morning are earnings reports, marijuana news, a public offering and more.</p>



<p>Let&rsquo;s get into those stories below!</p>



<h2>Biggest Pre-Market Stock Movers: 10 Top Gainers</h2>



<ol><li><strong>IM Cannabis</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/imcc-stock-quote/"><strong>IMCC</strong></a>) stock is rocketing more than 44% alongside plans for the <a href="https://www.nbcnews.com/politics/joe-biden/biden-administration-plans-reclassify-marijuana-easing-restrictions-na-rcna149424">Biden Administration to reclassify marijuana</a>.</li>



<li><strong>Plutonian Acquisition</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/pltn-stock-quote/"><strong>PLTN</strong></a>) shares are soaring over 40% with <a href="https://app.quotemedia.com/data/downloadFiling?webmasterId=90423&amp;ref=318276458&amp;type=PDF&amp;symbol=PLTNU&amp;cdn=02b7d3db508a9717bdfb29f33f1bfdae&amp;companyName=Plutonian+Acquisition+Corp.+Unit&amp;formType=425&amp;formDescription=Prospectuses+and+communications%2C+business+combinations&amp;dateFiled=2024-04-30">results from a shareholder meeting</a>.</li>



<li><strong>Predictive Oncology</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/poai-stock-quote/"><strong>POAI</strong></a>) stock is surging more than 36% on <a href="https://www.nasdaq.com/press-release/predictive-oncology-announces-significant-progress-with-flugen-in-the-development-of">flu vaccine development progress</a>.</li>



<li><strong>Root </strong>(NASDAQ:<a href="https://investorplace.com/stock-quotes/root-stock-quote/"><strong>ROOT</strong></a>) shares are rising over 32% after <a href="https://finance.yahoo.com/news/root-inc-announces-2024-first-201500869.html">beating EPS and revenue estimates</a> in Q1.</li>



<li><strong>Powell Industries</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/powl-stock-quote/"><strong>POWL</strong></a>) stock is increasing more than 24% on <a href="https://finance.yahoo.com/news/powell-industries-inc-powl-surpasses-221310648.html">strong Q2 revenue</a>.</li>



<li><strong>Pinterest </strong>(NYSE:<a href="https://investorplace.com/stock-quotes/pins-stock-quote/"><strong>PINS</strong></a>) shares are gaining over 17%  with a <a href="https://www.bloomberg.com/news/articles/2024-04-30/pinterest-revenue-surges-on-popularity-of-shopping-push">positive Q1 earnings report</a>.</li>



<li><strong>Rocky Brands</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/rcky-stock-quote/"><strong>RCKY</strong></a>) stock is climbing more than 16% with its <a href="https://footwearnews.com/business/earnings/rocky-brands-rcky-q1-2024-earnings-1203625307/">Q1 earnings report</a>.</li>



<li><strong>Brainstorm Cell Therapeutics</strong>&nbsp; (NASDAQ:<a href="https://investorplace.com/stock-quotes/bcli-stock-quote/"><strong>BCLI</strong></a>) shares are heading over 16% higher this morning.</li>



<li><strong>TransMedics </strong>(NASDAQ:<a href="https://investorplace.com/stock-quotes/tmdx-stock-quote/"><strong>TMDX</strong></a>) stock is jumping more than 15% today.</li>



<li><strong>IGC Pharma</strong> (NYSEMKT:<a href="https://investorplace.com/stock-quotes/igc-stock-quote/"><strong>IGC</strong></a>) shares are up over 14% with strong trading this morning.</li>
</ol><h2>10 Top Losers</h2>



<ol><li><strong>CVRx </strong>(NASDAQ:<a href="https://investorplace.com/stock-quotes/cvrx-stock-quote/"><strong>CVRX</strong></a>) stock is plummeting more than 29% after <a href="https://finance.yahoo.com/news/cvrx-reports-first-quarter-2024-200500764.html">releasing its Q1 results</a>.</li>



<li><strong>Cemtrex </strong>(NASDAQ:<a href="https://investorplace.com/stock-quotes/cetx-stock-quote/"><strong>CETX</strong></a>) shares are diving over 27% after <a href="https://app.quotemedia.com/data/downloadFiling?webmasterId=90423&amp;ref=318278788&amp;type=PDF&amp;symbol=CETX&amp;cdn=766101c7ad90871c25fe36c0e655483c&amp;companyName=Cemtrex+Inc.&amp;formType=EFFECT&amp;formDescription=Notice+of+Effectiveness&amp;dateFiled=2024-04-30">launching a public offering</a>.</li>



<li><strong>Upexi</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/upxi-stock-quote/"><strong>UPXI</strong></a>) stock is tumbling close to 20% on <a href="https://app.quotemedia.com/data/downloadFiling?webmasterId=90423&amp;ref=318278418&amp;type=PDF&amp;symbol=UPXI&amp;cdn=d2611f50edc161ba5d7bb185a3229dd3&amp;companyName=Upexi+Inc.&amp;formType=DEF+14A&amp;formDescription=Other+definitive+proxy+statements&amp;dateFiled=2024-05-01">shareholder meeting plans</a>.</li>



<li><strong>Swvl </strong>(NASDAQ:<a href="https://investorplace.com/stock-quotes/swvl-stock-quote/"><strong>SWVL</strong></a>) shares are taking a more than 18% beating after <a href="https://www.nasdaq.com/press-release/swvl-records-%243.1m-net-profit-13-net-margin-and-an-eightfold-growth-in-gross-profit">rallying yesterday on earnings</a>.</li>



<li><strong>Sobr Safe</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/sobr-stock-quote/"><strong>SOBR</strong></a>) stock is sliding over 14% on Wednesday morning.</li>



<li><strong>Visionary </strong>(NASDAQ:<a href="https://investorplace.com/stock-quotes/gv-stock-quote/"><strong>GV</strong></a>) shares are decreasing more than 14% following a rally yesterday.</li>



<li><strong>Skyworks Solutions</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/swks-stock-quote/"><strong>SWKS</strong></a>) stock is dropping over 13% with its <a href="https://www.businesswire.com/news/home/20240430786673/en/Skyworks-Reports-Q2-FY24-Results">latest earnings release</a>.</li>



<li><strong>GraniteShares 2x Long AMD Daily ETF</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/amdl-stock-quote/"><strong>AMDL</strong></a>) shares are falling more than 13% with the release of <strong>Advanced Micro Devices</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/amd-stock-quote/"><strong>AMD</strong></a>) <a href="https://www.cnbc.com/2024/04/30/amd-gaming-revenue-falls-48percent-year-over-year-and-the-stock-is-down.html">Q1 earnings report</a>. </li>



<li><strong>Leggett &amp; Platt</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/leg-stock-quote/"><strong>LEG</strong></a>) stock is slipping over 12% after <a href="https://finance.yahoo.com/news/leggett-platt-nyse-leg-misses-210737849.html">missing Q1 revenue estimates</a>.</li>



<li><strong>Super Micro Computer</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/smci-stock-quote/"><strong>SMCI</strong></a>) shares close out our pre-market stock movers down more than 12% after <a href="https://finance.yahoo.com/news/super-micro-forecasts-quarterly-revenue-200957932.html">missing quarterly revenue estimates</a>.</li>
</ol><p><em>On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com&nbsp;</em><a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank"><em>Publishing Guidelines</em></a><em>.</em></p>
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Today's Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on Wednesday

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p><strong>IM Cannabis</strong>&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/imcc-stock-quote/"><strong>IMCC</strong></a>) stock is rocketing higher on Wednesday following news that President Joe Biden&rsquo;s Administration <a href="https://www.nbcnews.com/politics/joe-biden/biden-administration-plans-reclassify-marijuana-easing-restrictions-na-rcna149424">plans to reclassify marijuana</a>.</p>



<p>According to insider sources, the Biden Administration is planning to reclassify marijuana from a Schedule I drug to a Schedule III drug. With this rescheduling, cannabis would be in the same group as Tylenol with codeine, steroids and other Class I drugs.</p>



<p>The rescheduling would also lower the restrictions on marijuana and allow for more research into its medical purposes. To go along with that, cannabis businesses will benefit from being able to record normal expenses on taxes as the rescheduling would eliminate IRS code Section 280E.</p>



<p>The latest classification news builds on years of work by Biden&rsquo;s Administration. The proposal to reclassify the drug was first discussed back in 2022. With today&rsquo;s news, regulators are waiting for the Drug Enforcement Administration to approve the Department of Health and Human Services&rsquo; rescheduling suggestion, reports <em>CNBC</em>.</p>



<h2>How This Affects IMCC Stock Today</h2>



<p>IMCC stock is seeing heavy trading on Wednesday alongside the plans to reclassify marijuana. That has more than 7.1 million shares changing hands as of this writing. This is well above its daily average trading volume of 780,000 shares.</p>



<p>IMCC stock is up 48.8% as of Wednesday morning.</p>



<p>Investors will find more of the latest stock market news below!</p>



<p>We have all of the hottest stock market happenings ready to go on Wednesday! That includes a look at the biggest pre-market stock movers this morning, additional cannabis stock movements and more. All of that info is ready at the following links!</p>



<h2>More Wednesday Stock Market News</h2>



<ul><li><a href="https://investorplace.com/2024/05/todays-biggest-pre-market-stock-movers-10-top-gainers-and-losers-on-wednesday-may-1st/">Today&rsquo;s Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on&nbsp;Wednesday</a></li>



<li><a href="https://investorplace.com/2024/04/cannabis-stocks-surge-as-biden-moves-to-reclassify-marijuana-asap/">Cannabis Stocks Surge as Biden Moves to Reclassify Marijuana ASAP</a></li>



<li><a href="https://investorplace.com/2024/04/rivn-stock-rivian-opens-up-charger-fleet-to-other-ev-drivers/">RIVN Stock: Rivian Opens Up Charger Fleet to Other EV Drivers</a></li>
</ul><p><em><strong>On Penny Stocks and Low-Volume Stocks:</strong>&#8239;With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That&rsquo;s because these &ldquo;penny stocks&rdquo; are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that&#8239;InvestorPlace.com&rsquo;s writers disclose this fact and warn readers of the risks.</em></p>



<p><em><strong>Read More:</strong>&#8239;Penny Stocks &mdash;&nbsp;</em><a href="https://investorplace.com/2014/05/fraud-penny-stocks-scams/" target="_blank"><em>How to Profit Without Getting Scammed</em></a></p>



<p><em>On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com&nbsp;</em><a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank"><em>Publishing Guidelines</em></a><em>.</em></p>
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Why Is IM Cannabis (IMCC) Stock Up 49% Today?

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p><strong>Plutonian Acquisition</strong>&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/pltn-stock-quote/"><strong>PLTN</strong></a>) stock is rising higher on Wednesday after the special purpose acquisition company (SPAC) announced <a href="https://app.quotemedia.com/data/downloadFiling?webmasterId=90423&amp;ref=318276458&amp;type=PDF&amp;symbol=PLTNU&amp;cdn=02b7d3db508a9717bdfb29f33f1bfdae&amp;companyName=Plutonian+Acquisition+Corp.+Unit&amp;formType=425&amp;formDescription=Prospectuses+and+communications%2C+business+combinations&amp;dateFiled=2024-04-30">results from a shareholder meeting</a>.</p>



<p>Plutonian Acquisition&rsquo;s special shareholder meeting saw investors vote on several matters related to the company&rsquo;s SPAC merger with <strong>Big Tree Cloud Holdings Limited</strong>. That saw them approve plans to combine with subsidiary Big Tree Cloud Merger Sub II Inc.</p>



<p>Plutonian Acquisition reports that its investors voted in favor of all of the proposed plans to combine with Big Tree Cloud Holdings Limited. That clears the way for the company to act as a vehicle to take Big Tree Cloud Holdings Limited public.</p>



<p>To go along with this, the company notes that 3,223,953 shares of PLTN stock were tendered for redemption. That will see it pay these investors $35.4 million from its trust account. After this, it will have 1,776,814 shares outstanding and $172,348 in its trust account.</p>



<h2>How This Affects PLTN Stock</h2>



<p>Today&rsquo;s news brings with it heavy trading of PLTN stock. That has more than 526,000 shares changing hands this morning. This is well above its daily average trading volume of about 15,000 shares.</p>



<p>PLTN stock is up 27.3% as of Wednesday morning.</p>



<p>Investors will find more of the most recent stock market stories ready to go below!</p>



<p>We have all of the hottest stock market news worth reading about on Wednesday! Among that is what has shares of <strong>IM Cannabis</strong>&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/imcc-stock-quote/"><strong>IMCC</strong></a>) stock up, the biggest pre-market stock movers this morning and more. All of this info is available at the following links!</p>



<h2>More Stock Market News for Wednesday</h2>



<ul><li><a href="https://investorplace.com/2024/05/why-is-im-cannabis-imcc-stock-up-49-today/">Why Is IM Cannabis (IMCC) Stock Up 49% Today?</a></li>



<li><a href="https://investorplace.com/2024/05/todays-biggest-pre-market-stock-movers-10-top-gainers-and-losers-on-wednesday-may-1st/">Today&rsquo;s Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on&nbsp;Wednesday</a></li>



<li><a href="https://investorplace.com/2024/04/cannabis-stocks-surge-as-biden-moves-to-reclassify-marijuana-asap/">Cannabis Stocks Surge as Biden Moves to Reclassify Marijuana ASAP</a></li>
</ul><p><em><strong>On Penny Stocks and Low-Volume Stocks:</strong>&#8239;With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That&rsquo;s because these &ldquo;penny stocks&rdquo; are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that&#8239;InvestorPlace.com&rsquo;s writers disclose this fact and warn readers of the risks.</em></p>



<p><em><strong>Read More:</strong>&#8239;Penny Stocks &mdash;&nbsp;</em><a href="https://investorplace.com/2014/05/fraud-penny-stocks-scams/" target="_blank"><em>How to Profit Without Getting Scammed</em></a></p>



<p><em>On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com&nbsp;</em><a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank"><em>Publishing Guidelines</em></a><em>.</em></p>
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	<p>The post <a href="https://investorplace.com/2024/05/why-is-plutonian-acquisition-pltn-stock-up-27-today/">Why Is Plutonian Acquisition (PLTN) Stock Up 27% Today?</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

Why Is Plutonian Acquisition (PLTN) Stock Up 27% Today?

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p><strong>CVRx&nbsp;</strong>(NASDAQ:<a href="https://investorplace.com/stock-quotes/cvrx-stock-quote/"><strong>CVRX</strong></a>) stock is falling hard on Wednesday after posting results from its earnings report for the <a href="https://finance.yahoo.com/news/cvrx-reports-first-quarter-2024-200500764.html">first quarter of 2024</a>.</p>



<p>The bad news for investors in CVRX stock starts with its earnings per share of 0$1.04. That&rsquo;s much worse than the -54 cents per share Wall Street was expecting. It&rsquo;s also wider than the -55 cents per share from the same period of the year prior.</p>



<p>Adding to this is CVRx&rsquo;s revenue of $10.77 million. That&rsquo;s another miss next to analysts&rsquo; estimate of $11.37 million for the quarter. However, it is up 35% year-over-year from $7.98 million.</p>



<p>CVRx&nbsp;president and CEO Kevin Hykes said the following about the earnings results.</p>




<p>&ldquo;We had a solid first quarter, which was offset by some commercial execution challenges in our U.S. Heart Failure business during our recent management transition in February. We are taking steps to address these challenges, including a change in sales leadership, which we are announcing today.&rdquo;</p>




<h2>CVRX Stock Falls on Weak Outlook</h2>



<p>CVRx&rsquo;s guidance for the second quarter of 2024 has it expecting revenue to range from $11.3 million to $12.3 million. That would see it miss Wall Street&rsquo;s Q2 revenue estimate of $13.12 million.</p>



<p>The company&rsquo;s outlook for the full year of 2024 isn&rsquo;t much better. It expects revenue for the year to come in between $50 million and $53 million. That would also fail to reach analysts&rsquo; estimate of $55.21 million for the year.</p>



<p>CVRX stock is down 32.2% as of Wednesday morning.</p>



<p>There are more stock market stories traders need to know about!</p>



<p>Fortunately, we have them all collected with the latest happenings on Wednesday! A few examples include why shares of <strong>Plutonian Acquisition</strong>&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/pltn-stock-quote/"><strong>PLTN</strong></a>) and <strong>IM Cannabis</strong>&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/imcc-stock-quote/"><strong>IMCC</strong></a>) stock are up as well as the biggest pre-market stock movers this morning. All of this news is available at the following links!</p>



<h2>More Wednesday Stock Market News</h2>



<ul><li><a href="https://investorplace.com/2024/05/why-is-plutonian-acquisition-pltn-stock-up-27-today/">Why Is Plutonian Acquisition (PLTN) Stock Up 27% Today?</a></li>



<li><a href="https://investorplace.com/2024/05/why-is-im-cannabis-imcc-stock-up-49-today/">Why Is IM Cannabis (IMCC) Stock Up 49% Today?</a></li>



<li><a href="https://investorplace.com/2024/05/todays-biggest-pre-market-stock-movers-10-top-gainers-and-losers-on-wednesday-may-1st/">Today&rsquo;s Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on&nbsp;Wednesday</a></li>
</ul><p><em>On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com&nbsp;</em><a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank"><em>Publishing Guidelines</em></a><em>.</em></p>
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	<p>The post <a href="https://investorplace.com/2024/05/why-is-cvrx-cvrx-stock-down-32-today/">Why Is CVRx (CVRX) Stock Down 32% Today?</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

Why Is CVRx (CVRX) Stock Down 32% Today?

Im Cannabis Corp (TSE:IMCC) has released an update. IM Cannabis Corp., a leading medical cannabis company, will unveil its first quarter 2024 finan...

IM Cannabis Corp Unveils Q1 2024 Financials

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>Pre-market stock movers are worth checking out with our coverage of all the latest news happening on Thursday!</p>



<p>We&rsquo;re knee-deep in earnings seasons as several companies release results for the first quarter of 2024 today.</p>



<p>Let&rsquo;s get into that news down below!</p>



<h2>Biggest Pre-Market Stock Movers: 10 Top Gainers</h2>



<ol><li><strong>Emergent BioSolutions</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/ebs-stock-quote/"><strong>EBS</strong></a>) stock is rocketing close to 70% alongside <a href="https://www.nasdaq.com/press-release/emergent-biosolutions-reports-first-quarter-2024-financial-results-2024-05-01">strong Q1 earnings</a>.</li>



<li><strong>Carvana </strong>(NYSE:<a href="https://investorplace.com/stock-quotes/cvna-stock-quote/"><strong>CVNA</strong></a>) shares are soaring more than 37% alongside its <a href="https://finance.yahoo.com/news/carvana-announces-record-first-quarter-201000815.html">Q1 2024 earings</a>.</li>



<li><strong>Syra Health</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/syra-stock-quote/"><strong>SYRA</strong></a>) stock is surging over 34% after announcing the date for its <a href="https://www.nasdaq.com/press-release/syra-health-to-discuss-first-quarter-2024-financial-results-2024-05-01">next earnings report</a>.</li>



<li><strong>Aspen Aerogels</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/aspn-stock-quote/"><strong>ASPN</strong></a>) shares are increasing more then 26% after beating <a href="https://www.zacks.com/amp/stock/news/2266441/aspen-aerogels-aspn-surpasses-q1-earnings-and-revenue-estimates">Q1 EPS and revenue estimates</a>. </li>



<li><strong>Tungray Technology</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/trsg-stock-quote/"><strong>TRSG</strong></a>) stock is gaining over 25% on Thursday morning.</li>



<li><strong>Enovix </strong>(NASDAQ:<a href="https://investorplace.com/stock-quotes/envx-stock-quote/"><strong>ENVX</strong></a>) shares are rising more than 23% after releasing its <a href="https://www.globenewswire.com/news-release/2024/05/01/2873598/0/en/Enovix-Announces-First-Quarter-2024-Financial-Results.html">Q1 earnings results</a>.</li>



<li><strong>SCHMID Group N.V.</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHMD#NASDAQ">SHMD</a>) stock is climbing over 23% following its <a href="https://finance.yahoo.com/news/schmid-group-closes-business-combination-133500737.html">public debut yesterday</a>.</li>



<li> <strong>Pulmonx </strong>(NASDAQ:<a href="https://investorplace.com/stock-quotes/lung-stock-quote/"><strong>LUNG</strong></a>) shares are heading more than 23% higher after <a href="https://www.msn.com/en-us/money/markets/lung-stock-earnings-pulmonx-beats-eps-beats-revenue-for-q1-2024/ar-AA1o0CfW?ocid=finance-verthp-feeds">beating EPS and revenue estimates</a> in Q1.</li>



<li><strong>Aptevo Therapeutics</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/apvo-stock-quote/"><strong>APVO</strong></a>) stock is jumping over 21% on Thursday morning.</li>



<li><strong>Evolus </strong>(NASDAQ:<a href="https://investorplace.com/stock-quotes/eols-stock-quote/"><strong>EOLS</strong></a>) shares are up more than 20% today.</li>
</ol><h2>10 Top Losers</h2>



<ol><li><strong>Fastly </strong>(NYSE:<a href="https://investorplace.com/stock-quotes/fsly-stock-quote/"><strong>FSLY</strong></a>) stock is plummeting over 33% on a <a href="https://finance.yahoo.com/news/fastly-announces-first-quarter-2024-200500341.html">weak earnings forecast</a>.</li>



<li><strong>Freshworks </strong>(NASDAQ:<a href="https://investorplace.com/stock-quotes/frsh-stock-quote/"><strong>FRSH</strong></a>) shares are diving nearly 29% as its <a href="https://finance.yahoo.com/news/freshworks-inc-frsh-q1-2024-213448310.html">founder and CEO steps down</a>.</li>



<li><strong>Remitly Global</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/rely-stock-quote/"><strong>RELY</strong></a>) stock is tumbling more than 16% alongside its <a href="https://www.tipranks.com/news/company-announcements/remitly-global-unveils-new-investor-presentation-update">most recent earnings report</a>.</li>



<li><strong>Etsy </strong>(NASDAQ:<a href="https://investorplace.com/stock-quotes/etsy-stock-quote/"><strong>ETSY</strong></a>) shares are taking an over 14% beating as <a href="https://finance.yahoo.com/video/etsy-stock-falling-q1-earnings-203137769.html">headwinds affected Q1 earnings</a>.</li>



<li><strong>IM Cannabis</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/imcc-stock-quote/"><strong>IMCC</strong></a>) stock is retreating more than 14% <a href="https://investorplace.com/2024/05/why-is-im-cannabis-imcc-stock-up-49-today/">following a rally yesterday</a>.</li>



<li><strong>Plutonian Acquisition</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/pltn-stock-quote/"><strong>PLTN</strong></a>) shares are dropping 14% this morning.</li>



<li><strong>CytomX Therapeutics</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/ctmx-stock-quote/"><strong>CTMX</strong></a>) stock is sliding over 13% after <a href="https://investorplace.com/2024/05/why-is-cytomx-ctmx-stock-up-180-today/">rallying on Wednesday</a>.</li>



<li><strong>DoorDash</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/dash-stock-quote/"><strong>DASH</strong></a>) shares are falling more than 12% <a href="https://apnews.com/article/doordash-earnings-first-quarter-results-175d32378137171b8831c617fa05c70a">despite beating Q1 estimates</a>.</li>



<li><strong>Carver Bancorp</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/carv-stock-quote/"><strong>CARV</strong></a>) stock is decreasing 12% on Thursday.</li>



<li><strong>Wolfspeed </strong>(NYSE:<a href="https://investorplace.com/stock-quotes/wolf-stock-quote/"><strong>WOLF</strong></a>) shares are down over 11% as <a href="https://finance.yahoo.com/news/wolfspeed-reports-financial-results-third-200500488.html">fiscal Q3 earnings</a> failed to impress investors.</li>
</ol><p><em>On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com&nbsp;</em><a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank"><em>Publishing Guidelines</em></a><em>.</em></p>
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	<p>The post <a href="https://investorplace.com/2024/05/todays-biggest-pre-market-stock-movers-10-top-gainers-and-losers-on-thursday-may-2nd/">Today's Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on Thursday</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

Today's Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on Thursday

CYCC, BCAB and CARV among pre-market losers

AMDL

BCAB

BCLI

CARV

CYCC

EOLS

LUNA

LUNG

MLEC

PAYC

SHMD

SWVL

SYRA

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Small Cap

Press Releases

Avant and IMC Execute BLK MKT™ Trademark Licensing Agreement for the German Medical Cannabis Market

Avant Brands Bolsters International Growth in German Cannabis Market Through Partnership with IMC

IM Cannabis and Flora Growth Partner to Bring Vessel Cannabis Accessories to the Israeli Market

IMC to transfer its Oranim Pharmacy shares back to the seller

IM Cannabis to Report First Quarter 2024 Financial Results on Wednesday, May 8th at 9:00am ET