Why Wix.com Shares Are Trading Higher By 7%; Here Are 20 Stocks Moving Premarket

Shares of Wix.com Ltd. WIX rose sharply in today's pre-market trading as the company posted upbeat results for its first quarter and raised its 2024 forecast on Monday.

Wix.com posted adjusted earnings of $1.29 per share, beating market estimates of $1.03 per share. The company's quarterly sales came in at $419.776 million versus expectations of $417.837 million, according to data from Benzinga Pro.

Wix.com shares jumped 6.9% to $145.08 in the pre-market trading session.

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

Gainers

• MultiMetaVerse Holdings Limited MMV gained 98.4% to $1.23 in pre-market trading after jumping around 16% on Friday.
• Faraday Future Intelligent Electric Inc. FFIE shares gained 79.6% to $1.85 in pre-market trading. Faraday Future Intelligent Electric is scheduled to report its fourth quarter and full year 2023 results after the closing bell on Tuesday, May 28.
• GT Biopharma, Inc. GTBP rose 51.4% to $4.72 in today's pre-market trading. GT Biopharma, last week, posted a narrower-than-expected quarterly loss.
• Cue Health Inc. HLTH gained 45.3% to $0.1402 in pre-market trading after dipping around 18% on Friday. Cue Health, last week, announced that it voluntarily and temporarily paused sales and distribution of its EUA COVID-19 Test Cartridge.
• Crown ElectroKinetics Corp. CRKN shares rose 40.2% to $0.24 in pre-market trading after falling around 29% on Friday.
• Pineapple Energy Inc. PEGY gained 22.9% to $0.1295 in pre-market trading. Pineapple Energy said its Chief Executive Officer Kyle Udseth decided to resign his position, effective immediately.
• Shineco, Inc. SISI shares climbed 20.2% to $1.19 in pre-market trading after jumping 19% on Friday. Shineco recently announced that its subsidiaries Fuzhou Medashan Biotechnology and Kaifeng Yixi Biotechnology invented a new natural active water-soluble product.
• Sintx Technologies, Inc. SINT shares rose 19% to $0.1011 in pre-market trading after dipping over 39% on Friday.
• Scorpius Holdings, Inc. SCPX gained 14.8% to $0.1189 in pre-market trading. Scorpius, last week, announced closing of public offering.

Losers

• Virios Therapeutics, Inc. VIRI shares declined 44% to $0.1975 in pre-market trading as the company reported pricing of $1.7 million public offering of common stock to commence preparations for planned IMC-2 Long-COVID Phase 2b study.
• Jaguar Health, Inc. JAGX shares dipped 29.2% to $0.1829 in pre-market trading after the company announced a 1-for-60 reverse stock split.
• Jeffs’ Brands Ltd JFBR shares declined 23.5% to $0.4953 in pre-market trading after jumping 109% on Friday.
• FLJ Group Limited FLJ shares fell 20% to $1.24 in pre-market trading after surging 224% on Friday.
• iPower Inc. IPW shares fell 17% to $2.40 in pre-market trading after jumping 98% on Friday. iPower, last week, reported better-than-expected third-quarter financial results.
• Cemtrex, Inc. CETX shares fell 18.8% to $0.3953 in pre-market trading after climbing 49% on Friday. Cemtrex, last week, posted a wider quarterly loss.
• Akanda Corp. AKAN shares fell 18.8% to $0.14 in pre-market trading following a 30% surge on Friday.
• Dunxin Financial Holdings Limited DXF shares fell 16.1% to $0.3645 in pre-market trading after jumping over 63% on Friday.
• DouYu International Holdings Limited DOYU shares declined 5.9% to $10.20 in pre-market trading.
• Li Auto Inc. LI fell 4.4% to $23.80 in pre-market trading after the company reported worse-than-expected first-quarter results and issued second-quarter guidance.

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