Why Adobe Shares Are Trading Higher By Around 15%; Here Are 20 Stocks Moving Premarket

Shares of Adobe Inc. ADBE rose sharply in today's pre-market trading following better-than-expected second-quarter earnings and strong guidance.

Adobe reported second-quarter revenue of $5.31 billion, beating the consensus estimate of $5.292 billion. The company reported quarterly adjusted earnings of $4.48 per share, beating analyst estimates of $4.39 per share, according to data from Benzinga Pro.

Adobe shares surged 14.6% to $525.76 in the pre-market trading session.

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

Gainers

• FOXO Technologies Inc. FOXO rose 53.7% to $0.3674 in pre-market trading.
• Chijet Motor Company, Inc. CJET shares rose 39% to $0.4030 in pre-market trading after surging 16% on Thursday.
• Nauticus Robotics, Inc. KITT gained 24.5% to $0.20 in pre-market trading after dipping 17% on Thursday.
• Vaxart, Inc. VXRT gained 23.4% to $0.9263 in pre-market trading after the company announced a $40 million underwritten offering of 50 million common stock at $0.80 per share.
• CERo Therapeutics Holdings, Inc. CERO rose 16.8% to $0.42 in pre-market trading after dipping around 49% on Thursday. The company executed pre-IND manufacturing activities for its lead therapeutic, CER-1236.
• PainReform Ltd PRFX shares gained 14.1% to $0.63 in pre-market trading after falling 29% on Thursday.
• Bitfarms Ltd. BITF shares rose 10.3% to $3.10 in pre-market trading. Riot Platforms Inc. RIOT has upped its stake in rival Bitfarms to 14% by purchasing an additional $3.87 million worth of shares as part of its ongoing hostile takeover bid.
• Captivision Inc. CAPT shares rose 10.2% to $3.46 in pre-market trading after gaining 9% on Thursday.
• Moving iMage Technologies, Inc. MITQ shares climbed 9% to $0.6674 in pre-market trading after falling over 3% on Thursday.

Losers

• Nexalin Technology, Inc. NXL shares declined 29.1% to $0.9791 in pre-market trading after jumping 121% on Thursday. Nexalin Technology recently announced regulatory approval of Gen-2 15mA neurostimulation device by Brazilian Health Regulatory Agency.
• Gain Therapeutics, Inc. GANX shares declined 29.1% to $1.34 in pre-market trading after the company announced pricing of $11.0 million public offering.
• Rezolute, Inc. RZLT shares fell 19.5% to $4.15 in pre-market trading after the company announced pricing of public offering of $60 million of common stock and pre-funded warrants.
• Neo-Concept International Group Holdings Limited NCI shares fell 17.2% to $0.7320 in pre-market trading after jumping over 35% on Thursday.
• Ostin Technology Group Co Ltd OST fell 17% to $0.41 in pre-market trading after jumping 24% on Thursday.
• Kaival Brands Innovations Group, Inc. KAVL shares fell 16.2% to $1.14 in pre-market trading after dipping 31% on Thursday.
• Enservco Corporation ENSV shares fell 11.7% to $0.1910 in pre-market trading after the company issued further update on plan to regain compliance with NYSE American Listing Standards.
• RH RH shares fell 11.6% to $244.97 in pre-market trading after the company reported mixed first-quarter financial results.
• MSC Industrial Direct Co., Inc. MSM shares declined 11.3% to $75.00 in pre-market trading after the company reported preliminary third-quarter financial results below estimates and cut its FY24 adjusted operating margin.
• QXO, Inc. QXO shares dipped 8.5% to $188.00 in pre-market trading after announcing a $3.5 billion private placement

Now Read This: Over $105M Bet On This Oil Giant? Check Out These 3 Stocks Insiders Are Buying