Why Palantir Technologies Shares Are Trading Higher By Over 5%; Here Are 20 Stocks Moving Premarket

Shares of Palantir Technologies Inc. (NASDAQ:PLTR) rose sharply in pre-market trading after the company reported better-than-expected financial results for the second quarter and raised its full-year guidance.

Palantir reported second-quarter revenue of $1.004 billion, beating analyst estimates of $939.71 million. The company reported second-quarter adjusted earnings of 16 cents per share, beating analyst estimates of 14 cents per share.

Palantir shares jumped 5.3% to $169.18 in the pre-market trading session.

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

Gainers

• Arteris, Inc. (NASDAQ:AIP) shares gained 56.4% to $14.78 in pre-market trading after the company announced a deal with Advanced Micro Devices Inc (NASDAQ:AMD) for its next generation of AI chiplet design.
• STAAR Surgical Company (NASDAQ:STAA) climbed 45.2% to $26.84 in pre-market trading after Alcon agrees to acquire the company.
• Adaptimmune Therapeutics plc (NASDAQ:ADAP) shares jumped 42.2% to $0.1128 in pre-market trading.
• Rubico Inc. (NASDAQ:RUBI) gained 36.4% to $4.64 in pre-market trading. Rubico announced commencement of trading on the Nasdaq Capital Market.
• Cyclacel Pharmaceuticals, Inc. (NASDAQ:CYCC) rose 35.1% to $13.25 in pre-market trading following the company's announcement of promising preclinical data for the treatment of biliary tract cancer.
• Primoris Services Corporation (NASDAQ:PRIM) gained 18.3% to $110.50 in pre-market trading after the company reported better-than-expected quarterly financial results and raised both its FY25 adjusted EPS and GAAP EPS guidance.
• Offerpad Solutions Inc. (NYSE:OPAD) rose 17.3% to $1.42 in pre-market trading following the release of its second-quarter financial results.
• Ameresco, Inc. (NYSE:AMRC) surged 17% to $19.53 in pre-market trading after the company reported better-than-expected quarterly financial results.
• Smith & Nephew plc (NYSE:SNN) rose 14.5% to $35.28 in pre-market trading.

Losers

• Inspire Medical Systems, Inc. (NYSE:INSP) dipped 25% to $98.00 in pre-market trading after the company reported worse-than-expected second-quarter GAAPEPS results and cut its FY25 guidance below estimates.
• Ichor Holdings, Ltd. (NASDAQ:ICHR) declined 24.3% to $15.24 in pre-market trading after the company reported worse-than-expected second-quarter adjusted EPS results and issued third-quarter adjusted EPS guidance below estimates.
• agilon health, inc. (NYSE:AGL) fell 23.4% to $1.39 in pre-market trading after posting weak quarterly results.
• BT Brands, Inc. (NASDAQ:BTBD) dipped 16.4% to $2.30 in pre-market trading after jumping 69% on Monday.
• GreenPower Motor Company Inc. (NASDAQ:GP) fell 16% to $0.3780 in pre-market trading after jumping 35% on Monday.
• Vertex Pharmaceuticals Incorporated (NASDAQ:VRTX) declined 14.5% to $403.85 in pre-market trading following the release of its second-quarter financial results. Additionally, the company announced results from its Vx-993 Phase 2 trial.
• Semrush Holdings, Inc. (NYSE:SEMR) fell 14.1% to $7.91 in pre-market trading after the company reported a second-quarter EPS miss.
• Navitas Semiconductor Corporation (NASDAQ:NVTS) shares fell 14.1% to $6.92 in pre-market trading after the company issued third-quarter sales guidance below estimates..
• Snail, Inc. (NASDAQ:SNAL) shares tumbled 13.3% to $0.98 in pre-market trading.
• Kyndryl Holdings, Inc. (NYSE:KD) fell 12.2% to $32.21 in pre-market trading after the company reported a first-quarter revenue miss.

Now Read This:

• Top 2 Financial Stocks That May Collapse This Month

Photo via Shutterstock