Why Pure Storage Shares Are Trading Higher By Over 10%; Here Are 20 Stocks Moving Premarket

Shares of Pure Storage, Inc. PSTG rose sharply in today's pre-market trading following better-than-expected first-quarter financial results.

Pure Storage reported quarterly earnings of 32 cents per share, which beat the analyst consensus estimate of 21 cents. Quarterly sales clocked in at $693.479 million, beating the analyst consensus estimate of $680.972 million, according to data from Benzinga Pro.

Pure Storage shares jumped 10.5% to $69.60 in the pre-market trading session.

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

Gainers

• Smart for Life, Inc. SMFL rose 60.5% to $6.27 in today's pre-market trading after gaining around 17% on Wednesday. Smart For Life completed restructuring program, enhancing financial stability.
• Cue Health Inc. HLTH shares gained 56.7% to $0.0860 in pre-market trading. Cue Health shares dipped around 40% on Wednesday after the company announced that it filed voluntary petitions under Chapter 7 of the U.S. Bankruptcy Code in the District of Delaware to pursue a wind down of its business.
• Verb Technology Company, Inc. VERB gained 31.1% to $0.2114 in pre-market trading after gaining 15% on Wednesday.
• OneMedNet Corporation ONMD gained 28.7% to $2.51 in pre-market trading after the company announced that it has entered into a non-exclusive three-year Master Services Agreement with an undisclosed U.S.-based medical technology company.
• Cheche Group Inc. CCG shares rose 26.4% to $1.82 in pre-market trading after gaining 8% on Wednesday. Cheche Group is expected to host a conference call to discuss first quarter 2024 results on Thursday, May 30.
• Kintara Therapeutics, Inc. KTRA shares gained 20.6% to $0.3280 in pre-market trading after jumping around 45% on Wednesday.  
• Nexalin Technology, Inc. NXL shares climbed 20.2% to $0.7997 in pre-market trading after dipping 29% on Wednesday.
• C3.ai, Inc. AI gained 11.2% to $26.60 in pre-market trading following strong fourth-quarter earnings
• American Superconductor Corporation AMSC shares gained 7.7% to $17.00 in pre-market trading following strong quarterly earnings.

Losers

• NovaBay Pharmaceuticals, Inc. NBY shares declined 42.4% to $0.0940 in pre-market trading. NovaBay Pharmaceuticals announced plans for a 1-for-35 reverse stock split and revealed the receipt of NYSE American notice regarding stockholders’ equity.
• UiPath Inc. PATH shares declined 29.5% to $12.91 in pre-market trading after the company reported first-quarter earnings and announced a CEO transition.
• Innovative Eyewear, Inc. LUCY shares dipped 24.2% to $0.7198 in pre-market trading. Innovative Eyewear reported closing of $2.5 million registered direct offering priced at-the-market under Nasdaq rules.
• Onconetix, Inc. ONCO shares fell 21.5% to $0.2309 in pre-market trading after jumping 80% on Wednesday.
• Sonoma Pharmaceuticals, Inc. SNOA shares fell 19.1% to $0.2104 in pre-market trading after gaining over 28% on Wednesday.
• Salesforce, Inc. CRM shares fell 15.6% to $228.55 in pre-market trading. Salesforce reported upbeat earnings for the first quarter, while sales missed estimates. The company issued weak guidance for the second quarter.
• Monogram Technologies Inc MGRM shares fell 12.5% to $1.77 in pre-market trading.
• Brand Engagement Network, Inc. BNAI shares fell 12.2% to $2.32 in pre-market trading. BEN shares surged around 108% on Wednesday after the company announced a $4.95 million private placement and appointed Paul Chang to Co-CEO.
• Sharps Technology, Inc. STSS shares declined 10.8% to $0.4044 in pre-market trading after falling 12% on Wednesday. In a recent exchange filing, the company said it has entered into a series of agreements with Nephron SC and Nephron Sterile Compounding Centers.
• Nutanix, Inc. NTNX fell 10.2% to $65.80 in pre-market trading after reporting quarterly earnings.

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