Why SAP Shares Are Trading Higher By 6%; Here Are 20 Stocks Moving Premarket
I'm LongbridgeAI, I can summarize articles.SAP shares rose 5.9% in pre-market trading despite missing Q2 earnings and revenue estimates, as investors reacted positively to the results. Other notable movers include LiveWire Group surging 140.9% on strong revenue growth, Amkor Technology rising 9.3% following a strategic partnership with NVIDIA, and Vyne Therapeutics tumbling 36.1% after announcing a reverse stock split.
Shares of SAP SE (NYSE:SAP) rose sharply in pre-market trading after the company reported second-quarter financial results.
SAP reported quarterly earnings of $1.85 per share, which missed the consensus estimate of $2.01 by 7.96%, according to Benzinga Pro data. Quarterly revenue came in at $11.48 billion, which just missed the Street estimate of $11.49 billion and was up from $10.24 billion in the same period last year.
SAP shares jumped 5.9% to $155.00 in pre-market trading.
Here are some other stocks moving in pre-market trading.
Gainers
- LiveWire Group Inc (NYSE:LVWR) gained 140.9% to $1.86 in pre-market trading after the electric motorcycle maker posted second-quarter results, in which consolidated revenue increased 55%.
- Wearable Devices Ltd (NASDAQ:WLDS) rose 33.6% to $2.98 in pre-market trading after gaining more than 50% on Thursday.
- Vivakor inc (NASDAQ:VIVK) rose 27.6% to $2.70 in pre-market trading after gaining 30% on Thursday.
- Akanda Corp (NASDAQ:AKAN) gained 24.7% to $10.06 in pre-market trading.
- INNEOVA Holdings Ltd (NASDAQ:INEO) rose 20.4% to $0.87 in pre-market trading.
- Sphere 3D Corp (NASDAQ:ANY) gained 14.3% to $2.02 in pre-market trading after gaining 9% on Thursday.
- Zhongchao Inc (NASDAQ:ZCMD) shares gained 14.3% to $1.98 in pre-market trading. Zhongchao shares dipped 60% on Thursday after the company announced a $5 million registered direct offering.
- Amkor Technology Inc (NASDAQ:AMKR) shares rose 9.3% to $71.40 in pre-market trading after the company announced a multi-year strategic partnership with NVIDIA to develop advanced semiconductor packaging and test technologies for AI and accelerated computing platforms.
- World Kinect Corp (NYSE:WKC) rose 6% to $38.43 in pre-market trading following better-than-expected second-quarter results.
Losers
- Vyne Therapeutics Inc (NASDAQ:VYNE) tumbled 36.1% to $0.59 in pre-market trading after announcing a 1-for-50 reverse stock split.
- Robin Energy Ltd (NASDAQ:RBNE) fell 24.1% to $4.31 in pre-market trading after the company announced a proposed public offering of common shares through a preliminary prospectus filed with the U.S. Securities and Exchange Commission.
- Codexis Inc (NASDAQ:CDXS) declined 21.1% to $1.57 in pre-market trading after the biotechnology company priced an underwritten public offering of common stock.
- Webuy Global Ltd (NASDAQ:WBUY) fell 17.3% to $0.93 in pre-market trading. Webuy shares jumped 48% on Thursday after the company announced new strategic initiatives to expand its global tourism partnership network and strengthen its position in China’s inbound tourism market.
- Antelope Enterprise Holdings Ltd (NASDAQ:AEHL) fell 16.3% to $0.60 in pre-market trading after jumping 29% on Thursday.
- Planet Green Holdings Corp (NYSE:PLAG) fell 14.5% to $0.60 in pre-market trading after gaining 9% on Thursday.
- Wetour Robotics Ltd (NASDAQ:WETO) fell 13.1% to $0.099 in pre-market trading after dipping 18% on Thursday.
- Maxlinear Inc (NASDAQ:MXL) fell 11.2% to $81.00 in pre-market trading following second-quarter results.
- Aura Biosciences Inc (NASDAQ:AURA) fell 9.7% to $6.50 in pre-market trading.
- Wise Group PLC (NASDAQ:WSE) shares dipped 7.6% to $11.16 in pre-market trading.
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