Why Rumble Shares Are Trading Higher By Around 7%; Here Are 20 Stocks Moving Premarket

Shares of Rumble Inc. RUM rose sharply in today's pre-market trading following better-than-expected second-quarter financial results.

Rumble reported second-quarter revenue of $22.5 million, up 27% sequentially. The revenue figure beat a Street consensus estimate of $19.69 million, according to data from Benzinga Pro. The company reported a loss of 13 cents per share, which beat a Street consensus estimate of a loss of 15 cents per share.

Rumble shares jumped 7.1% to $6.16 in pre-market trading.

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

Gainers

• Vicinity Motor Corp. VEV rose 136.7% to $0.2353 in today's pre-market trading after dipping around 14% on Monday.
• MKDWELL Tech Inc.  MKDW gained 54.1% to $1.71 in pre-market trading after falling 17% on Monday.
• CXApp Inc. CXAI shares rose 54.1% to $2.28 in pre-market trading after the company reported highlights from the second quarter and announced a multi-year agreement with Alphabet Inc's GOOGGOOGL Google Cloud.
• Plby Group Inc PLBY gained 25.5% to $0.74 in pre-market trading. PLBY Group, last week, reported worse-than-expected second-quarter financial results.
• Hesai Group HSAI gained 22.2% to $4.35 in pre-market trading. Hesai Group is expected to report second quarter financial results on Monday, Aug. 19.
• Psychemedics Corporation PMD gained 20.5% to $2.22 after the company announced that it approved a plan to cease the registration of its stock under the federal securities laws following the completion of a proposed reverse stock split and to delist its shares of common stock from trading on the Nasdaq.
• Orgenesis Inc ORGS jumped 18.3% to $0.80 in pre-market trading after declining 7% on Monday.
• HUYA Inc. HUYA gained 8.5% to $4.84 in pre-market trading after the company reported second-quarter results and declared a special dividend of $1.08 per ADS.
• PACS Group, Inc. PACS shares gained 8.2% to $35.00 in pre-market trading following a second-quarter revenue beat.

Losers

• Syros Pharmaceuticals, Inc. SYRS shares declined 56.4% to $2.18 in pre-market trading as the company announced plans to discontinue enrollment in SELECT-AML-1 Phase 2 clinical trial.
• SunPower Corporation SPWR shares dipped 21.5% to $0.1570 in pre-market trading. SunPower revealed the receipt of notice from Nasdaq about delisting company’s common stock.
• PS International Group Ltd. PSIG declined 20.9% to $1.82 in pre-market trading after jumping around 128% on Monday.
• Greenlane Holdings, Inc. GNLN shares declined 18.8% to $9.33 in pre-market trading. On Monday, Greenlane announced the pricing of $6.5 million private placement priced at-the-market under Nasdaq rules.
• FSD Pharma Inc. HUGE shares fell 15.2% to $0.1102 in pre-market trading after dipping 35% on Monday.
• Yatra Online, Inc. YTRA shares fell 14.2% to $1.33 in pre-market trading after reporting weak quarterly sales.
• Conifer Holdings, Inc. CNFR fell 13.3% to $1.04 in pre-market trading. Conifer Holdings is exp to hold second quarter earnings conference call on Aug. 144.
• On Holding AG ONON fell 8.6% to $36.15 in today's pre-market trading following mixed second-quarter financial results.
• Viasat, Inc. VSAT fell 7.5% to $19.99 pre-market trading after declining 5% on Monday.
• Tencent Music Entertainment Group TME shares fell 6.3% to $12.30 in pre-market trading following a second-quarter revenue miss.

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