Why Porch Group Shares Are Trading Higher By Over 21%; Here Are 20 Stocks Moving Premarket

Shares of Porch Group, Inc. (NASDAQ:PRCH) rose sharply in today's pre-market trading after the company reported better-than-expected first-quarter financial results and raised its FY25 sales guidance above estimates.

Porch Group reported quarterly earnings of 8 cents per share which beat the analyst consensus estimate of a loss of 12 cents per share. The company reported quarterly sales of $104.75 million which beat the analyst consensus estimate of $79.44 million.

Porch Group shares jumped 21.4% to $7.70 in pre-market trading

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

Gainers

• Magic Empire Global Limited (NASDAQ:MEGL) rose 77.3% to $2.11 in pre-market trading.
• CN Energy Group. Inc. (NASDAQ:CNEY) surged 68.4% to $0.2730 in pre-market trading after jumping around 8% on Tuesday.
• NetClass Technology Inc (NASDAQ:NTCL) gained 51.5% to $50.00 in pre-market trading after jumping over 162% on Tuesday.
• Freight Technologies, Inc. (NASDAQ:FRGT) jumped 29.7% to $1.79 in pre-market trading after falling 5% on Tuesday.
• IT Tech Packaging, Inc. (NYSE:ITP) gained 28.3% to $0.3280 in pre-market trading.
• CuriosityStream Inc. (NASDAQ:CURI) surged 24.2% to $4.10 in pre-market trading after the company reported better-than-expected first-quarter financial results and issued second-quarter sales guidance above estimates.
• AvidXchange Holdings, Inc. (NASDAQ:AVDX) gained 19.3% to $9.78 in pre-market trading after the company announced it entered into a definitive agreement to be acquired by TPG in partnership with Corpay for a valuation of $2.2 billion.
• Cantor Equity Partners, Inc. (NASDAQ:CEP) climbed 18% to $34.57 in pre-market trading after dipping 14% on Tuesday.
• Novo Nordisk A/S (NYSE:NVO) gained 7.9% to $71.50 in pre-market trading following first-quarter earnings.

Losers

• Vast Renewables Limited (NASDAQ:VSTE) shares dipped 62.5% to $0.1402 in pre-market trading after the company announced it voluntarily delisted from the Nasdaq.
• WW International, Inc. (NASDAQ:WW) shares fell 46.8% to $0.42 in pre-market trading after the company missed its first-quarter adjusted EPS estimate and announced it will not be providing FY25 guidance.
• FOXO Technologies Inc. (NYSE:FOXO) shares fell 37.8% to $1.00 in pre-market trading. FOXO Technologies shares jumped 153% on Tuesday after the company announced that its Myrtle recovery centers subsidiary has seen over 400 patients since August 2023.
• Vestis Corporation (NYSE:VSTS) fell 25.7% to $6.47 in pre-market trading after the company reported worse-than-expected quarterly financial results.
• AIFU Inc. (NASDAQ:AIFU) declined 23.6% to $0.1719 in pre-market trading after jumping 82% on Tuesday.
• Sarepta Therapeutics, Inc. (NASDAQ:SRPT) shares tumbled 20.6% to $37.10 in pre-market trading after the company reported a first-quarter adjusted EPS miss.
• Upstart Holdings, Inc. (NASDAQ:UPST) fell 16.2% to $43.09 in pre-market trading after the company issued second-quarter sales guidance below estimates.
• Lixiang Education Holding Co., Ltd. (NASDAQ:LXEH) dipped 14.1% to $3.00 in pre-market trading after jumping 69% on Tuesday.
• Revolve Group, Inc. (NYSE:RVLV) fell 10.8% to $16.90 in today's pre-market trading after the company reported downbeat quarterly sales.
• RXO, Inc. (NYSE:RXO) fell 7.6% to $12.70 in pre-market trading.

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