Why Meta Platforms Shares Are Trading Higher By Around 12%; Here Are 20 Stocks Moving Premarket - Alignment Healthcare (NASDAQ:ALHC), Align Technology (NASDAQ:ALGN)

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Why Meta Platforms Shares Are Trading Higher By Around 12%; Here Are 20 Stocks Moving Premarket - Alignment Healthcare (NASDAQ:ALHC), Align Technology (NASDAQ:ALGN)

Shares of Meta Platforms, Inc. META rose sharply in pre-market trading after the company reported better-than-expected second-quarter financial results and issued third-quarter sales guidance above estimates .

Meta reported second-quarter revenue of $47.52 billion, beating analyst estimates of $44.58 billion, according to Benzinga Pro. The company reported second-quarter earnings of $7.14 per share, beating estimates of $5.79 per share.

Meta Platforms shares jumped 11.7% to $776.66 in the pre-market trading session.

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

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Gainers

VerifyMe, Inc. VRME shares gained 57.4% to $1.08 in pre-market trading after the company announced it entered into a 3-year UPS Digital Channel Program Agreement with the United Parcel Service. Onconetix, Inc. ONCO climbed 45.2% to $4.62 in pre-market trading after falling 11% on Wednesday. La Rosa Holdings Corp. LRHC rose 42.4% to $6.75 in pre-market trading after dipping 20% on Wednesday. Smart Powerr Corp. CREG shares jumped 31.2% to $2.48 in pre-market trading. Applied Digital Corporation APLD surged 25.5% to $12.59 in pre-market trading after the company reported better-than-expected fourth-quarter adjusted EPS results. Alignment Healthcare, Inc. ALHC gained 20.2% to $15.67 in pre-market trading after the company reported better-than-expected second-quarter financial results and raised its FY25 sales guidance. Impinj, Inc. PI gained 20.1% to $146.75 in pre-market trading after the company released its second-quarter financial results. Rush Street Interactive, Inc. RSI rose 17.5% to $18.85 in pre-market trading after the company reported better-than-expected second-quarter financial results and raised its FY25 sales guidance. Microsoft Corporation MSFT rose 8.4% to $556.46 in pre-market trading as the company reported better-than-expected fourth-quarter financial results and issued strong forecast for the current quarter.

Losers

Align Technology, Inc. ALGN dipped 34.2% to $133.93 in pre-market trading after the company missed second-quarter earnings estimates and issued soft third-quarter guidance. Incannex Healthcare Inc. IXHL declined 32.7% to $0.5924 in pre-market trading. The company reported Phase 2 results for IHL-42X. Confluent, Inc. CFLT fell 28.7% to $18.83 in pre-market trading following second-quarter results. XBP Europe Holdings, Inc. XBP dipped 21.5% to $1.28 in pre-market trading.  XBP Europe Holdings shares jumped 81% on Wednesdayfter the company announced it has finalized its acquisition of Exela Technologies BPA. Fundamental Global Inc. FGF fell 18.2% to $15.20 in pre-market trading after dipping 14% on Wednesday. Duos Technologies Group, Inc. DUOT shares tumbled 17.1% to $6.24 in pre-market trading after the company announced the pricing of $40 million upsized and oversubscribed public offering of common stock. Chanson International Holding CHSN declined 15.8% to $0.0943 in pre-market trading. Prime Medicine, Inc. PRME fell 12.4% to $3.43 in pre-market trading after the company announced the pricing of public offering. FormFactor, Inc. FORM shares fell 11.8% to $30.35 in pre-market trading after the company reported a second-quarter adjusted EPS miss and issued third-quarter EPS guidance below estimates. Replimune Group, Inc. REPL fell 10.9% to $6.73 in pre-market trading after jumping 101% on Wednesday.

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Loading... Loading... ALGN Align Technology Inc $133.00 -34.7%

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Edge Rankings
Momentum 26.80 Growth 50.90 Quality 56.06 Value 56.85
Price Trend
Short Medium Long Overview ALHC Alignment Healthcare Inc $15.95 22.7% APLD Applied Digital Corp $12.47 24.3% CFLT Confluent Inc $18.70 -29.2% CHSN Chanson International Holding $0.0943 -15.9% CREG Smart Powerr Corp $2.30 21.7% DUOT Duos Technologies Group Inc $6.24 -17.1% FGF Fundamental Global Inc $15.00 -19.2% FORM FormFactor Inc $30.30 -12.0% IXHL Incannex Healthcare Inc $0.5806 -34.0% LRHC La Rosa Holdings Corp $5.72 20.7% META Meta Platforms Inc $780.80 12.3% MSFT Microsoft Corp $558.52 8.82% ONCO Onconetix Inc $5.76 79.4% PI Impinj Inc $147.98 21.1% PRME Prime Medicine Inc $3.45 -12.0% REPL Replimune Group Inc $6.63 -12.2% RSI Rush Street Interactive Inc $18.84 17.3% VRME VerifyMe Inc $1.05 53.0% XBP XBP Europe Holdings Inc $1.29 -20.9% Market News and Data brought to you by Benzinga APIs

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