Why Navan Shares Are Trading Higher By Over 25%; Here Are 20 Stocks Moving Premarket

Shares of Navan Inc (NASDAQ:NAVN) rose sharply in pre-market trading after the company reported better-than-expected fourth-quarter financial results and issued first-quarter sales guidance above estimates.

Navan reported fourth-quarter revenue of $177.92 million, beating analyst estimates of $162 million, according to Benzinga Pro. The company reported adjusted earnings of two cents per share for the quarter, beating estimates for a loss of 12 cents per share.

Navan shares jumped 25.7% to $11.50 in pre-market trading.

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

Gainers

• EpicQuest Education Group Internatnl Ltd (NASDAQ:EEIQ) gained 109.8% to $5.73 in pre-market trading after gaining 22% on Wednesday.
• Fitness Champs Holdings Ltd (NASDAQ:FCHL) gained 84.8% to $3.16 in pre-market trading after dipping 42% on Wednesday. According to a Mar. 18 Securities and Exchange Commission filing, FCHL’s board approved the 15-for-1 share consolidation on Feb. 12 to regain compliance with Nasdaq Marketplace Rule 5550(a)(2), which mandates a minimum bid price of $1 per share.
• Olaplex Holdings Inc (NASDAQ:OLPX) gained 50.4% to $2.00 in pre-market trading after the company agreed to a $1.4 billion cash buyout by Henkel at $2.06 per share.
• Southland Holdings Inc (NYSE:SLND) rose 29.4% to $1.71 in pre-market trading. On Wednesday, the company announced receipt of notices to proceed on three projects totaling approximately $118 million through its civil segment subsidiary, Oscar Renda Contracting.
• Precigen Inc (NASDAQ:PGEN) rose 15.3% to $3.57 in pre-market trading after the company reported fourth-quarter results.
• Everbright Digital Holding Ltd (NASDAQ:EDHL) surged 14.2% to $3.79 in pre-market trading after gaining 8% on Wednesday.
• New Found Gold Corp (NYSE:NFGC) gained 7.1% to $1.95 in pre-market trading.
• Nextdecade Corp (NASDAQ:NEXT) rose 7% to $7.85 in pre-market trading.
• Venture Global Inc (NYSE:VG) gained 5% to $17.52 in pre-market trading.

Losers

• Megan Holdings Ltd (NASDAQ:MGN) fell 87% to $0.55 in pre-market trading after dipping 8% on Wednesday.
• Cibus Inc (NASDAQ:CBUS) fell 22.3% to $2.23 in pre-market trading after the company announced a proposed public offering.
• Hub Cyber Security Ltd (NASDAQ:HUBC) tumbled 20.7% to $0.19 in pre-market trading.
• urban-gro Inc (NASDAQ:UGRO) dipped 19.8% to $29.09 in pre-market trading. urban-Gro shares jumped 417% on Wednesday after the company announced it is strategically positioned to capture growth, with T20 cricket franchise valuations exceeding $1.6 billion and global media expansion accelerating.
• MillerKnoll Inc (NASDAQ:MLKN) dipped 19% to $15.70 in pre-market trading after the company reported worse-than-expected third-quarter financial results and issued weak fourth-quarter earnings guidance. Also, the company issued fourth-quarter sales guidance with its midpoint below estimates.
• Artelo Biosciences Inc (NASDAQ:ARTL) shares dipped 18.1% to $3.97 in pre-market trading. Artelo Biosciences expanded ART27.13 development as a potential companion therapy to GLP-1 treatments.
• Next Technology Holding Inc (NASDAQ:NXTT) fell 16.3% to $1.48 in pre-market trading. Next Technology Holding shares jumped 77% on Wednesday after the company announced a $157 million registered direct offering.
• Worthington Steel Inc (NYSE:WS) fell 14.1% to $30.10 in pre-market trading after the company reported weaker-than-expected third-quarter financial results.
• iHeartMedia, Inc. (NASDAQ:IHRT) declined 7.2% to $2.60 in pre-market trading.
• Diana Shipping Inc. (NYSE:DSX) fell 7.2% to $2.29 in pre-market trading.

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