TPHS - Why AXT Shares Are Trading Higher By Around 36%; Here Are 20 Stocks Moving Premarket | Benzinga
Shares of AXT, Inc. (NASDAQ: AXTI) rose sharply in today’s pre-market trading after the company reported better-than-expected fourth-quarter financial results.
AXT posted GAAP loss of 9 cents per share, compared to market expectations for a loss of 15 cents per share. The company’s quarterly sales came in at $20.43 million versus estimates of $17.57 million, according to data from Benzinga Pro.
AXT shares jumped 36% to $3.10 in pre-market trading
Here are some other stocks moving in pre-market trading.
Gainers
- Telesis Bio, Inc. (NASDAQ: TBIO) gained 88% to $0.8506 in pre-market trading after the company was granted EUR Patent #3503915 for "Genetically Engineered Vibrio Natriegens (Host Organism For Cloning And Manipulating DNA)."
- Intuitive Machines, Inc. (NASDAQ: LUNR) shares rose 63.2% to $13.51 in pre-market trading. SpaceX CEO Elon Musk, lauds Intuitive Machinesfor their groundbreaking moon landing, marking a significant milestone in U.S. space exploration.
- Ocean Biomedical, Inc. (NASDAQ: OCEA) shares surged 53% to $0.84 in pre-market trading.
- BowFlex Inc. (NYSE: BFX) shares ...