Why Smith & Wesson Brands Shares Are Trading Higher By Around 17%; Here Are 20 Stocks Moving Premarket

Shares of Smith & Wesson Brands Inc (NASDAQ:SWBI) rose sharply in pre-market trading as the company posted better-than-expected fourth-quarter results after Wednesday’s closing bell.

Smith & Wesson reported quarterly earnings of 36 cents per share, which beat the analyst estimate of 23 cents. Quarterly revenue came in at $178.39 million, which beat the Street estimate of $155.27 million.

Smith & Wesson Brands shares jumped 16.7% to $16.02 in pre-market trading.

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

Gainers

• Linkers Industries Ltd (NASDAQ:LNKS) gained 145.6% to $3.93 in pre-market trading after the Malaysia-based wire harness manufacturer announced a definitive agreement to acquire a 29% stake in Thailand's LPW Electronics Co., Ltd. for approximately $2.35 million.
• Aditxt Inc (NASDAQ:ADTX) gained 102.3% to $0.0089 in pre-market trading after dipping 60% on Wednesday.
• Logistic Properties of The Americas (NYSE:LPA) rose 81.2% to $5.69 in pre-market trading after the company announced the sale of its Peruvian property.
• Park Ha Biological Technology Co Ltd (NASDAQ:BYAH) gained 53.3% to $1.84 in pre-market trading after dipping 20% on Wednesday.
• Spero Therapeutics Inc (NASDAQ:SPRO) jumped 20.2% to $2.54 in pre-market trading. GSK plc and Spero Therapeutics announced that the US Food and Drug Administration has approved Utebzi for adults with complicated urinary tract infections (cUTIs).
• Rumble Inc (NASDAQ:RUM) rose 18.6% to $8.64 in pre-market trading. Rumble said Wednesday it was rebranding to RUM Group Inc, as the company combines its video, cloud and artificial intelligence infrastructure businesses under a single legal brand.
• Big Digital Energy Inc (NASDAQ:BGDE) gained 18% to $11.45 in pre-market trading. Big Digital Energy announced it regained Nasdaq compliance.
• Icecure Medical Ltd (NASDAQ:ICCM) rose 15.5% to $7.39 in pre-market trading after jumping 200% on Wednesday.
• Butterfly Network Inc (NYSE:BFLY) gained 12.1% to $6.40 in pre-market trading.

Losers

• Sleep Number Corp (NASDAQ:SNBR) tumbled 49.7% to $0.20 in pre-market trading after company disclosed that Nasdaq plans to delist its common stock following the mattress maker's recent Chapter 11 bankruptcy filing.
• INLIF Ltd (NASDAQ:INLF) fell 43.7% to $0.25 in pre-market trading.
• Eshallgo Inc (NASDAQ:EHGO) fell 22.5% to $2.24 in pre-market trading after surging 119% on Wednesday.
• Elicio Therapeutics Inc (NASDAQ:ELTX) declined 20.4% to $3.75 in pre-market trading. Elicio Therapeutics shares jumped over 70% on Wednesday after the company announced it reported 100% complete responses in three metastatic pancreatic cancer patients following ELI-002 7P and Nivolumab Therapy.
• Golden Heaven Group Holdings Ltd (NASDAQ:GDHG) fell 20.1% to $1.66 in pre-market trading after jumping 30% on Wednesday.
• UTime Ltd (NASDAQ:WTO) fell 18% to $0.58 in pre-market trading. UTime shares dipped 24% on Wednesday lower after the company announced 10-for-1 share consolidation, effective June 22.
• NewGenIvf Group Ltd (NASDAQ:NIVF) fell 17.7% to $0.66 in pre-market trading. On Tuesday, the company announced that it would repurchase all outstanding convertible notes and warrants from a significant investor.
• SL Science Holding Ltd (NASDAQ:SLBT) declined 16.7% to $5.31 in pre-market trading after dipping 28% on Wednesday.
• ATRenew Inc (NYSE:RERE) shares dipped 10.8% to $3.54 in pre-market trading.
• Legend Biotech Corp (NASDAQ:LEGN) fell 9% to $30.50 in pre-market trading after the company announced the pricing of public offering.

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