Why Okta Shares Are Trading Higher By 11%; Here Are 20 Stocks Moving Premarket
Portfolio Pulse from Lisa Levin
Shares of Okta, Inc. (NASDAQ:OKTA) surged 11% in pre-market trading after the company reported better-than-expected Q2 financial results and raised FY24 guidance above estimates. Other pre-market gainers include iCoreConnect Inc. (OTC:ICCT), noco-noco Inc. (NASDAQ:NCNC), and Allarity Therapeutics, Inc. (NASDAQ:ALLR). On the other hand, Axcella Health Inc. (NASDAQ:AXLA), Digital Brands Group, Inc. (NASDAQ:DBGI), and AgileThought, Inc. (NASDAQ:AGIL) were among the pre-market losers.

August 31, 2023 | 12:13 pm
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NEGATIVE IMPACT
AgileThought, Inc.'s shares fell 11.1% in pre-market trading.
The drop in AgileThought's share price in pre-market trading indicates a lack of investor confidence, which is likely to drive the stock price down in the short term.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
Axcella Health Inc.'s shares fell 20.1% in pre-market trading.
The significant drop in Axcella Health's share price in pre-market trading indicates a lack of investor confidence, which is likely to drive the stock price down in the short term.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
Digital Brands Group, Inc.'s shares fell 12% in pre-market trading.
The drop in Digital Brands Group's share price in pre-market trading indicates a lack of investor confidence, which is likely to drive the stock price down in the short term.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Allarity Therapeutics, Inc.'s shares climbed 37% in pre-market trading after the company announced the publication of its clinical validation of a novel drug-specific DRP®-companion diagnostic for dovitinib.
The publication of Allarity Therapeutics' clinical validation of a novel drug-specific DRP®-companion diagnostic for dovitinib is positive news for the company, which is likely to boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
iCoreConnect Inc.'s shares rose 88% in pre-market trading after the company announced the closing of its business combination with FG Merger Corp.
The closing of iCoreConnect's business combination with FG Merger Corp. is a significant milestone for the company, which is likely to boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
noco-noco Inc.'s shares gained 55% in pre-market trading.
The significant gain in noco-noco's share price in pre-market trading indicates strong investor interest, which is likely to drive the stock price up in the short term.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Okta's shares surged 11% in pre-market trading after the company reported better-than-expected Q2 results and raised FY24 guidance.
Okta's better-than-expected Q2 results and raised FY24 guidance are positive news for the company, which is likely to boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100