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Why Tesla Shares Are Trading Higher By Around 11%; Here Are 20 Stocks Moving Premarket

Benzinga ·  Oct 24 11:21

Shares of Tesla, Inc. (NASDAQ:TSLA) rose sharply in today's pre-market trading after the company reported stronger-than-expected earnings for its third quarter.

The automaker reported third-quarter earnings per share of 72 cents, beating a Street consensus estimate of 58 cents per share.

Tesla shares jumped 10.8% to $236.82 in the pre-market trading session.

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

Gainers

  • CCSC Technology International Holdings Limited (NASDAQ:CCTG) rose 122% to $3.8800 in pre-market trading after gaining around 4% on Wednesday.
  • Mobile-health Network Solutions (NASDAQ:MNDR) gained 46.1% to $0.7449 in pre-market trading as the company posted FY24 results.
  • Qualigen Therapeutics, Inc. (NASDAQ:QLGN) shares rose 37.4% to $0.2390 in pre-market trading.
  • CNS Pharmaceuticals, Inc. (NASDAQ:CNSP) shares surged 36.2% to $0.1920 in pre-market trading after declining around 10% on Wednesday. CNS Pharmaceuticals announced the pricing of $3 million registered direct offering of common stock priced at-the-market under Nasdaq rules.
  • Twin Vee Powercats Co. (NASDAQ:VEEE) rose 35.9% to $0.5874 in pre-market trading after gaining 16% on Wednesday.
  • DBV Technologies S.A. (NASDAQ:DBVT) shares jumped 21% to $0.8226 in pre-market trading. HC Wainwright & Co. analyst Andrew Fein maintained DBV Technologies with a Buy rating and raised the price target from $5 to $7.
  • Seadrill Limited (NYSE:SDRL) shares rose 13.1% to $39.78 in pre-market trading. Seadrill will report its third quarter results on Tuesday, Nov. 12 after the closing bell.
  • Inhibikase Therapeutics, Inc. (NASDAQ:IKT) climbed 11.1% to $2.70 in pre-market trading after jumping 15% on Wednesday.
  • Garrett Motion Inc. (NASDAQ:GTX) gained 8.3% to $8.65 in pre-market trading.

Losers

  • SaverOne 2014 Ltd. (NASDAQ:SVRE) shares dipped 25.9% to $0.1079 in pre-market trading after surging 12% on Wednesday.
  • Gold Resource Corporation (NYSE:GORO) shares fell 25.8% to $0.3670 in pre-market trading after the company reported preliminary third-quarter and year-to-date results.
  • Osisko Development Corp. (NYSE:ODV) fell 18.6% to $2.05 in today's pre-market trading. Osisko Development announced a $50 million marketed private placement of 27,778,000 unit at $1.80/unit.
  • Zapata Computing Holdings Inc. (NASDAQ:ZPTA) fell 17.2% to $0.0750 in pre-market trading after jumping 43% on Wednesday.
  • KWESST Micro Systems Inc. (NASDAQ:KWE) fell 16.3% to $2.09 in pre-market trading after jumping 112% on Wednesday.
  • Orangekloud Technology Inc. (NASDAQ:ORKT) shares fell 15.1% to $6.46 in pre-market trading.
  • ICON Public Limited Company (NASDAQ:ICLR) declined 16.3% to $235.13 in pre-market trading following worse-than-expected third-quarter financial results.
  • La Rosa Holdings Corp. (NASDAQ:LRHC) shares declined 15.9% to $0.9501 in pre-market trading after gaining over 130% on Wednesday. La Rosa Holdings reported preliminary 9-month revenue growth of 120% year over year.
  • Carrier Global Corporation (NYSE:CARR) shares declined 9.9% to $72.00 in pre-market trading following worse-than-expected third-quarter revenues.
  • International Business Machines Corporation (NYSE:IBM) shares fell 5% to $221.28 following a third-quarter revenue miss.

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Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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