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

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Ultra Clean Holdings shares surged 14.6% in pre-market trading after reporting quarterly earnings of $1.15 per share and sales of $759 million, both beating analyst estimates. Other notable movers include Ultralife Corp, which jumped 143.8% on a $320 million acquisition deal by EnerSys, and Braiin Limited, up 43.2%. Conversely, Enphase Energy fell 17.2% due to weaker-than-expected results and guidance.

Shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT) rose sharply in pre-market trading after the company reported better-than-expected quarterly financial results.

Ultra Clean reported quarterly earnings of $1.15 per share which beat the analyst consensus estimate of 94 cents per share. The company reported quarterly sales of $759.000 million which beat the analyst consensus estimate of $728.066 million.

Ultra Clean Holdings shares jumped 14.6% to $59.00 in pre-market trading

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

Gainers

  • Ultralife Corp (NASDAQ:ULBI) gained 143.8% to $15.51 in pre-market trading after the company agreed to be acquired by stored energy systems and technology provider EnerSys (NYSE:ENS) in an all-cash deal valued at about $320 million.
  • Braiin Limited (NASDAQ:BRAI) jumped 43.2% to $4.74 in pre-market trading after gaining 56% on Tuesday.
  • CDT Equity Inc (NASDAQ:CDT) gained 42.5% to $0.11 in pre-market trading after dipping 15% on Tuesday. The company announced an evaluation agreement with Manoira to assess the potential of CDT’s clinical-stage assets AZD1656, with possible future licensing discussions if successful.
  • Davion Healthcare Plc (NASDAQ:DAVI) gained 41.6% to $4.25 in pre-market trading after tumbling 26% on Tuesday. Davion Healthcare recently announced a $25 million acquisition of WoundSkan and Spektra intellectual property, with most of the consideration to be paid in newly issued shares.
  • Elong Power Holding Limited (NASDAQ:ELPW) rose 30.2% to $3.19 in pre-market trading after the company’s subsidiary entered into a $25.5 million one-year omnichannel cooperation agreement with an automatic renewal clause.
  • Goldman Sachs BDC, Inc. (NYSE:GSBD) gained 17.8% to $10.32 in pre-market trading. Goldman Sachs BDC will report its third quarter financial results after the closing bell on Thursday, Nov. 5.  
  • DMC Global Inc. (NASDAQ:BOOM) climbed 15.9% to $6.20 in pre-market trading after the company reported better-than-expected third-quarter financial results.
  • Forge Nano Holdings Inc. (NASDAQ:NANO) rose 9.9% to $5.13 in pre-market trading after falling around 7% on Tuesday.
  • SK hynix Inc. (NASDAQ:SKHY) gained 7.9% to $156.78 in pre-market trading following the announcement of third-quarter results after the closing bell on Tuesday.

Losers

  • Socket Mobile, Inc. (NASDAQ:SCKT) gained 31.6% to $0.3532 in pre-market trading. Socket Mobile announced Tuesday that its board approved a plan to voluntarily delist its common stock from the Nasdaq Capital Market and transition its shares to the OTCID Market operated by OTC Markets Group.
  • CL Workshop Group Ltd – ADR (NASDAQ:NWGL) fell 20.7% to $0.084 in pre-market trading after jumping around 22% on Tuesday.
  • Solowin Holdings (NASDAQ:AXG) fell 18.7% to $0.0325 in pre-market trading. Solowin Holdings shares fell over 25% on Tuesday after the company announced a 1-for-200 reverse stock split.
  • Magic Empire Global Ltd (NASDAQ:MEGL) fell 18.6% to $0.27 in pre-market trading after dipping 53% on Tuesday. The company entered into a letter of intent with Singapore-based commodity trading enterprise SIN HOPEWAY PTE.
  • Nexera Technologies Ltd (NASDAQ:NEXR) fell 18.4% to $0.45 in pre-market trading. Nexera Technologies shares surged around 22% on Tuesday after the company announced that it has entered into a definitive agreement to sell KeepZone AI.
  • Rapport Therapeutics, Inc. (NASDAQ:RAPP) fell 17.2% to $22.81 in pre-market trading after the company announced a $200 million proposed public offering.
  • Enphase Energy, Inc. (NASDAQ:ENPH) tumbled 17.2% to $24.60 in pre-market trading after the company reported worse-than-expected third-quarter financial results and issued fourth-quarter sales guidance below estimates.
  • Intapp, Inc. (NASDAQ:INTA) fell 13% to $37.38 in pre-market trading after the company reported first-quarter financial results and issued second-quarter guidance below estimates.
  • Logitech International S.A. (NASDAQ:LOGI) declined 11.3% to $99.10 in pre-market trading after the company reported second-quarter financial results. The company issued soft third-quarter net sales guidance and expects the impact of the supplier incident to be largely resolved by the fourth quarter.
  • Robinhood Markets, Inc. (NASDAQ:HOOD) fell 8% to $87.00 in pre-market trading. Robinhood reported better-than-expected third-quarter financial results Tuesday after market close.

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