Why Larimar Therapeutics Shares Are Trading Higher By 18%; Here Are 20 Stocks Moving Premarket
Portfolio Pulse from Avi Kapoor
Shares of Larimar Therapeutics (NASDAQ:LRMR) surged 17.6% in pre-market trading after the FDA lifted a partial clinical hold on its nomlabofusp clinical program. Other notable pre-market movers include Edible Garden AG (NASDAQ:EDBL) up 94.5%, MGO Global (NASDAQ:MGOL) up 83.6%, and Meta Materials (NASDAQ:MMAT) up 59.1%. On the downside, Greenwave Technology Solutions (NASDAQ:GWAV) fell 59.2%, Rubicon Technologies (NYSE:RBT) dropped 24.1%, and Palo Alto Networks (NASDAQ:PANW) declined 7.9% despite better-than-expected earnings.
May 21, 2024 | 12:12 pm
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POSITIVE IMPACT
Edible Garden AG shares gained 94.5% in pre-market trading after reporting first-quarter financial results last week.
The significant pre-market gain is likely due to positive investor reaction to the company's first-quarter financial results.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Larimar Therapeutics shares surged 17.6% after the FDA lifted a partial clinical hold on its nomlabofusp clinical program.
The FDA lifting a partial clinical hold is a significant positive development for Larimar Therapeutics, likely boosting investor confidence and driving the stock price higher.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
MGO Global shares rose 83.6% in pre-market trading after a decline of over 5% on Monday.
The sharp increase in pre-market trading suggests a rebound from the previous day's decline, possibly driven by speculative trading.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Meta Materials shares gained 59.1% in pre-market trading after issuing an update on a naked short selling investigation.
The update on the naked short selling investigation likely boosted investor confidence, leading to a significant pre-market gain.
CONFIDENCE 85
IMPORTANCE 65
RELEVANCE 75
NEGATIVE IMPACT
Greenwave Technology Solutions shares declined 59.2% in pre-market trading.
The sharp decline in pre-market trading suggests negative sentiment or adverse news affecting the stock.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 60
NEGATIVE IMPACT
Palo Alto Networks shares fell 7.9% in pre-market trading despite posting better-than-expected earnings for its third quarter.
Despite strong earnings, the decline suggests that investors may have had higher expectations or concerns about future guidance.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Rubicon Technologies shares dipped 24.1% in pre-market trading after reporting a year-over-year decrease in first-quarter sales results.
The reported decrease in first-quarter sales results likely led to the significant pre-market decline.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70