Shares of VCI Global Limited VCIG dropped abruptly in pre-market trading following the company’s announcement of a $2.75 million public offering.
In the early trading hours, VCI Global shares plummeted by 29.5% to $1.10 in a significant downturn.
Riding the chaotic waves of the pre-market session, other stocks are also making big moves.
Winners and Whiners
- Volcon, Inc. VLCN saw its shares surge by 62.6%, reaching $0.1610 during pre-market trading after a Thursday gain of over 11%.
- Charge Enterprises, Inc. CRGE experienced a 57% jump to $0.1281 in pre-market trading after a 9% decline on Thursday.
- Flexsteel Industries, Inc. FLXS surged 26.8% to $22.87 during pre-market trading following the company’s robust preliminary second-quarter results. The company reported an estimated earnings of 57 cents per share, surpassing analysts’ estimates of 27 cents per share. Additionally, it forecasted revenue of $100.1 million versus expectations of $96.77 million, and issued guidance for the remainder of fiscal year 2024 and fiscal year 2025.
- Atreca, Inc. BCEL witnessed a 22.7% gain to $0.2890 in pre-market trading after a significant 118% surge on Thursday. Atreca recently announced the sale of a collection of antibody-related assets and materials to Immunome, involving a $5.5 million upfront payment and up to $7.0 million in clinical development milestones.
- Remark Holdings, Inc. MARK surged by 21.8% to $0.5406 in pre-market trading.
- Spectral AI, Inc. MDAI saw its shares rise by 19.6% to $3.05 in pre-market trading as it began enrollment in a pivotal study to validate DeepView AI for burn injuries.
- Hyperfine, Inc. HYPR shares climbed 16.6% to $1.19 in pre-market trading following a 5% fall on Thursday.
- YanGuFang International Group Co., Ltd. YGF gained 15.8% to $1.54 in pre-market trading following a 26% decline on Thursday. YanGuFang International appointed Ya Zhang as Interim CEO and Yang Sui as Interim CFO, effective as of Jan. 9, 2024.
- CN Energy Group. Inc. CNEY witnessed a 12.7% gain to $0.0570 in pre-market trading after a 5% fall on Thursday.
- Aeries Technology, Inc AERT surged 12.6% to $2.89 in pre-market trading. Aeries Technology reported restatement of previously issued financial statements.
Down in the Dumps
- SEALSQ Corp LAES witnessed a 23.5% decline to $2.42 in pre-market trading after a 62% gain on Thursday. SEALSQ announced the closing of the second $10.0 million tranche of convertible notes and warrants private placement.
- MAIA Biotechnology, Inc. MAIA saw its shares declin by 21.3% to $1.11 in pre-market trading.
- VivoPower International PLC VVPR saw a 19.4% fall to $1.77 in pre-market trading after a 5% gain on Thursday, following milestones met by its Tembo subsidiary to obtain further follow-on equity investment.
- Future FinTech Group Inc. FTFT observed a 17.7% fall to $1.06 in pre-market trading after the SEC charged Future FinTech CEO with fraud and disclosure failures.
- Evoke Pharma, Inc. EVOK witnessed a 16.4% decline to $0.7115 in pre-market trading after a 10% decline on Thursday.
- E-Home Household Service Holdings Limited EJH fell 13.4% to $0.77 in pre-market trading after a 70% increase on Thursday.
- Bit Brother Limited BETS suffered a 10.5% decline to $4.67 in pre-market trading after a 20% drop on Thursday.
- Grifols, S.A. GRFS saw a 9.9% fall to $7.17 in pre-market trading after a 14% decline on Thursday.
- WISeKey International Holding AG WKEY suffered an 8.2% decline to $2.69 in pre-market trading after a 30% increase on Thursday.
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