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Penguin Solutions Surges Over 5% on Strong Earnings: 20 Stocks Making Premarket Moves

MarketDash Editorial Team
1 day ago
Penguin Solutions jumped in premarket trading after beating earnings expectations, while Ventyx Biosciences soared 64% on acquisition reports. Here's a complete rundown of the biggest movers before the opening bell.

Sometimes earnings beats are more than just numbers on a page. They're the reason your portfolio looks a little greener in the morning.

Penguin Solutions Inc. (PENG) delivered exactly that kind of surprise before the opening bell, with shares climbing sharply after the company reported first-quarter results that exceeded Wall Street's expectations. The company posted earnings of 49 cents per share, comfortably ahead of the 44-cent consensus estimate analysts had penciled in. Revenue also impressed at $343.071 million, topping the expected $338.758 million.

The market responded enthusiastically, pushing Penguin Solutions shares up 5.3% to $22.70 in premarket trading. But while Penguin grabbed headlines, it was far from alone in making big moves before the market opened. Here's what else caught traders' attention.

The Morning's Biggest Winners

If you're looking for the star of the premarket show, Ventyx Biosciences Inc. (VTYX) takes the crown. Shares exploded 64.5% to $16.54 following reports that Eli Lilly & Co. (LLY), the Indianapolis pharmaceutical giant, is in advanced discussions to acquire the company for more than $1 billion. The Wall Street Journal broke the news, and investors wasted no time bidding up Ventyx shares.

Alpha Modus Holdings Inc. (AMOD) also had a morning worth remembering, surging 57.8% to $0.78. The catalyst? A newly announced partnership with Virginia-based DXC Technology Co. (DXC) to roll out financial services kiosks aimed at underbanked consumers across the United States. It's the kind of deal that sounds simultaneously altruistic and profitable, which markets tend to love.

Momentus Inc. (MNTS) continued its upward momentum, gaining 32.8% to $13.05 after already rising 11% on Tuesday. The space infrastructure company priced a $5 million registered direct offering on Monday, selling 925,926 shares and warrants at a combined price of $5.40 per unit. Investors seem to be betting that the capital raise positions the company for growth.

Netcapital Inc. (NCPL) climbed 29.2% to $0.88 after announcing it acquired the assets of Iverson Design. Meanwhile, Algorhythm Holdings Inc. (RIME) rose 13.9% to $1.39 following news that its subsidiary, SemiCab, secured an expanded master services agreement with Apollo Tyres Ltd., India's second-largest tire manufacturer. Apollo Tyres generates over $5 billion in annual sales and ranks among the top ten global tire producers, so landing an expanded deal is no small feat for the Florida-based AI technology company.

BIOAGE Labs Inc. (BIOA) added 13.4% to $17.51, building on Tuesday's impressive 22% jump. Hyperscale Data Inc. (GPUS) surged 12.1% to $0.29 after gaining 5% the previous session. K Wave Media Ltd. (KWM) rose 8.7% to $0.45, while AAR Corp. (AIR) gained 5.1% to $94.00 after posting better-than-expected second-quarter results and issuing a robust sales forecast for the current quarter.

The Morning's Losers

Not everyone woke up to good news. Several stocks that enjoyed solid gains on Tuesday found themselves giving back ground in premarket action.

Cohen & Company Inc. (COHN) fell 15.1% to $27.50 after climbing 12% the previous day. Sometimes what goes up comes back down just as quickly. Ernexa Therapeutics Inc. (ERNA) dropped 9.5% to $1.15, reversing Tuesday's 5% gain, while Next Technology Holding Inc. (NXTT) declined 9% to $8.40 after jumping 17% in the prior session.

Gloo Holdings Inc. (GLOO) fell 8.1% to $5.02, and EZGO Technologies Ltd. (EZGO) dipped 7.9% to $1.97 after gaining 5% on Tuesday. Star Fashion Culture Holdings Ltd. (STFS) declined 7.8% to $0.093, while Processa Pharmaceuticals Inc. (PCSA) tumbled 6.8% to $3.15, also reversing Tuesday's 5% advance.

Kandal M Venture Ltd. (FMFC) shares dipped 6.1% to $0.37 after surging 18% the day before. Datavault AI Inc. (DVLT) slipped 4.3% to $1.34, and AST SpaceMobile Inc. (ASTS) fell 4.3% to $93.31 despite gaining 7% on Tuesday.

Premarket trading often sets the tone for the regular session, though it's worth remembering that lower volume can exaggerate moves in both directions. Still, when you see this much action before the opening bell, it's a good sign that traders are paying attention and positioning themselves for what they think comes next.

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Penguin Solutions Surges Over 5% on Strong Earnings: 20 Stocks Making Premarket Moves

MarketDash Editorial Team
1 day ago
Penguin Solutions jumped in premarket trading after beating earnings expectations, while Ventyx Biosciences soared 64% on acquisition reports. Here's a complete rundown of the biggest movers before the opening bell.

Sometimes earnings beats are more than just numbers on a page. They're the reason your portfolio looks a little greener in the morning.

Penguin Solutions Inc. (PENG) delivered exactly that kind of surprise before the opening bell, with shares climbing sharply after the company reported first-quarter results that exceeded Wall Street's expectations. The company posted earnings of 49 cents per share, comfortably ahead of the 44-cent consensus estimate analysts had penciled in. Revenue also impressed at $343.071 million, topping the expected $338.758 million.

The market responded enthusiastically, pushing Penguin Solutions shares up 5.3% to $22.70 in premarket trading. But while Penguin grabbed headlines, it was far from alone in making big moves before the market opened. Here's what else caught traders' attention.

The Morning's Biggest Winners

If you're looking for the star of the premarket show, Ventyx Biosciences Inc. (VTYX) takes the crown. Shares exploded 64.5% to $16.54 following reports that Eli Lilly & Co. (LLY), the Indianapolis pharmaceutical giant, is in advanced discussions to acquire the company for more than $1 billion. The Wall Street Journal broke the news, and investors wasted no time bidding up Ventyx shares.

Alpha Modus Holdings Inc. (AMOD) also had a morning worth remembering, surging 57.8% to $0.78. The catalyst? A newly announced partnership with Virginia-based DXC Technology Co. (DXC) to roll out financial services kiosks aimed at underbanked consumers across the United States. It's the kind of deal that sounds simultaneously altruistic and profitable, which markets tend to love.

Momentus Inc. (MNTS) continued its upward momentum, gaining 32.8% to $13.05 after already rising 11% on Tuesday. The space infrastructure company priced a $5 million registered direct offering on Monday, selling 925,926 shares and warrants at a combined price of $5.40 per unit. Investors seem to be betting that the capital raise positions the company for growth.

Netcapital Inc. (NCPL) climbed 29.2% to $0.88 after announcing it acquired the assets of Iverson Design. Meanwhile, Algorhythm Holdings Inc. (RIME) rose 13.9% to $1.39 following news that its subsidiary, SemiCab, secured an expanded master services agreement with Apollo Tyres Ltd., India's second-largest tire manufacturer. Apollo Tyres generates over $5 billion in annual sales and ranks among the top ten global tire producers, so landing an expanded deal is no small feat for the Florida-based AI technology company.

BIOAGE Labs Inc. (BIOA) added 13.4% to $17.51, building on Tuesday's impressive 22% jump. Hyperscale Data Inc. (GPUS) surged 12.1% to $0.29 after gaining 5% the previous session. K Wave Media Ltd. (KWM) rose 8.7% to $0.45, while AAR Corp. (AIR) gained 5.1% to $94.00 after posting better-than-expected second-quarter results and issuing a robust sales forecast for the current quarter.

The Morning's Losers

Not everyone woke up to good news. Several stocks that enjoyed solid gains on Tuesday found themselves giving back ground in premarket action.

Cohen & Company Inc. (COHN) fell 15.1% to $27.50 after climbing 12% the previous day. Sometimes what goes up comes back down just as quickly. Ernexa Therapeutics Inc. (ERNA) dropped 9.5% to $1.15, reversing Tuesday's 5% gain, while Next Technology Holding Inc. (NXTT) declined 9% to $8.40 after jumping 17% in the prior session.

Gloo Holdings Inc. (GLOO) fell 8.1% to $5.02, and EZGO Technologies Ltd. (EZGO) dipped 7.9% to $1.97 after gaining 5% on Tuesday. Star Fashion Culture Holdings Ltd. (STFS) declined 7.8% to $0.093, while Processa Pharmaceuticals Inc. (PCSA) tumbled 6.8% to $3.15, also reversing Tuesday's 5% advance.

Kandal M Venture Ltd. (FMFC) shares dipped 6.1% to $0.37 after surging 18% the day before. Datavault AI Inc. (DVLT) slipped 4.3% to $1.34, and AST SpaceMobile Inc. (ASTS) fell 4.3% to $93.31 despite gaining 7% on Tuesday.

Premarket trading often sets the tone for the regular session, though it's worth remembering that lower volume can exaggerate moves in both directions. Still, when you see this much action before the opening bell, it's a good sign that traders are paying attention and positioning themselves for what they think comes next.

    Penguin Solutions Surges Over 5% on Strong Earnings: 20 Stocks Making Premarket Moves - MarketDash News