Why Globalstar Shares Are Trading Higher By Around 12%; Here Are 20 Stocks Moving Premarket

Shares of Globalstar, Inc. (NASDAQ:GSAT) rose sharply in pre-market trading after a report said Amazon.com Inc. (NASDAQ:AMZN) is in talks to acquire the satellite communications company, citing people familiar with the matter.

The Financial Times reported Wednesday that the companies were still negotiating some of the deal’s complexities after lengthy talks

Globalstar shares jumped 11.7% to $76.40 in pre-market trading.

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

Gainers

• Turbo Energy SA (NASDAQ:TURB) gained 91.9% to $4.51 in pre-market trading. Turbo Energy recently reported FY25 preliminary revenue range of $22.5 million – $23.5 million.
• Semilux International Ltd (NASDAQ:SELX) gained 67.1% to $0.58 in pre-market trading after jumping 43% on Wednesday.
• Visionary Holdings Inc (NASDAQ:GV) gained 37.2% to $0.28 in pre-market trading after the Toronto-based company announced a US$20 million investment cooperation agreement with Qingdao Xihai Rongke on Tuesday for an anti-aging project in China.
• Battalion Oil Corp (NYSE:BATL) rose 36.6% to $5.26 in pre-market trading.
• TMD Energy Ltd (NYSE:TMDE) surged 25.4% to $1.33 in pre-market trading after falling around 5% on Wednesday.
• AleAnna Inc (NASDAQ:ANNA) jumped 22.2% to $8.87 in pre-market trading after dipping over 12% on Wednesday.
• EON Resources Inc (NYSE:EONR) rose 18.1% to $0.95 in pre-market trading after falling 3% on Wednesday.
• Trio Petroleum Corp. (NYSE:TPET) rose 13.8% to $0.7900 in pre-market trading.
• Penguin Solutions Inc (NASDAQ:PENG) gained 9% to $19.88 in pre-market trading after the company reported better-than-expected second-quarter financial results and raised its FY26 guidance.

Losers

• PMGC Holdings Inc (NASDAQ:ELAB) fell 64% to $5.04 in pre-market trading after jumping 134% on Wednesday. The volatility comes after the company announced a $4.55 million common stock issuance to Streeterville Capital, LLC under its $20 million equity line of credit (ELOC).
• Boqii Holding Ltd (NYSE:BQ) declined 28.3% to $0.60 in pre-market trading.
• Generation Income Properties Inc (NASDAQ:GIPR) dipped 24.3% to $0.19 in pre-market trading.
• Neo-Concept International Grp Hldngs Ltd (NASDAQ:NCI) fell 24.3% to $0.63 in pre-market trading after dipping 53% on Wednesday.
• System1 Inc (NYSE:SST) tumbled 22% to $4.07 in pre-market trading after jumping 73% on Wednesday.
• Hub Cyber Security Ltd (NASDAQ:HUBC) fell 21.6% to $0.070 in pre-market trading after dipping 10% on Wednesday. The company announced CEO Noah Hershcoviz’s resignation.
• Sleep Number Corp (NASDAQ:SNBR) shares dipped 19.8% to $1.37 in pre-market trading after Bloomberg reported that the company is seeking a rescue loan after stock slump.
• Hcw Biologics Inc (NASDAQ:HCWB) fell 16% to $0.25 in pre-market trading. HCW Biologics recently reported a year-over-year decrease in fourth-quarter sales results.
• Alto Neuroscience Inc (NYSE:ANRO) dipped 13.6% to $20.16 in pre-market trading after the company announced topline data from its Phase 2 proof-of-concept clinical trial evaluating ALTO-101 did not achieve statistical significant on primary electroencephalography or cognitive endpoints versus placebo.
• Immunovant Inc (NASDAQ:IMVT) fell 8.3% to $23.02 in pre-market trading as the company announced Phase 3 study results for Batoclimab in Thyroid Eye Disease (TED).

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