Why CorMedix Are Trading Lower By 22%; Here Are 20 Stocks Moving Premarket
Portfolio Pulse from Lisa Levin
Several stocks experienced significant pre-market movements. Notable gainers include Eco Wave Power Global AB (WAVE), Kintara Therapeutics (KTRA), and BlackBerry Limited (BB), while CorMedix Inc. (CRMD), iMedia Brands (IMBI), and Novan Inc. (NOVN) were among the losers. Factors influencing these movements include recent earnings reports, grant awards, and public offerings.
June 29, 2023 | 12:18 pm
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POSITIVE IMPACT
BlackBerry Limited shares rose 18.5% in pre-market trading after the company reported better-than-expected fiscal first-quarter results.
The rise in BB shares is likely due to the company's better-than-expected fiscal first-quarter results, which could indicate strong performance and potential growth.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Kintara Therapeutics shares gained 33.1% in pre-market trading after the company secured a $2.0 million National Institutes of Health SBIR grant.
The gain in KTRA shares is likely due to the company securing a significant grant, which could support its clinical development efforts and improve its financial position.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100
POSITIVE IMPACT
Eco Wave Power Global AB shares surged 123% in pre-market trading after dropping over 8% on Wednesday.
The significant pre-market surge in WAVE shares, following a drop the previous day, suggests a strong short-term bullish sentiment among investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
CorMedix Inc. shares fell 21.6% in pre-market trading after the company reported pricing of $40 million public offering of common stock and pre-funded warrants.
The drop in CRMD shares is likely due to the company's announcement of a $40 million public offering, which could dilute existing shares and put downward pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100
NEGATIVE IMPACT
iMedia Brands shares fell 14.1% in pre-market trading after jumping 20% on Wednesday.
The fall in IMBI shares in pre-market trading, following a significant jump the previous day, suggests a short-term bearish sentiment among investors.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Novan shares fell 13.4% in pre-market trading after gaining over 12% on Wednesday.
The drop in NOVN shares in pre-market trading, following a gain the previous day, suggests a short-term bearish sentiment among investors.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100