1 month ago

Why Phoenix Motor Shares Are Trading Higher By 150%; Here Are 20 Stocks Moving Premarket

Shares of Phoenix Motor Inc. (NASDAQ:PEV) rose sharply in today's pre-market trading after the company reported a year-over-year increase in first-quarter financial results.

Phoenix Motor reported adjusted earnings of 44 cents per share, versus a year-ago loss of 13 cents per share. The company reported $9.40 million in sales this quarter, representing a 427.79% increase over sales of $1.78 million the same period last year.

Phoenix Motor shares jumped 150.2% to $0.8719 in the pre-market trading session.

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

Gainers

Vicinity Motor Corp (NASDAQ:VEV) rose 47.5% to $0.2099 in pre-market trading.
Biodesix, Inc. (NASDAQ:BDSX) rose 33.7% to $2.26 in pre-market trading.
Nuburu, Inc. (NYSE:BURU) gained 24.1% to $0.5582 in pre-market trading.
Nano Labs Ltd (NASDAQ:NA) gained 20.8% to $0.8695 in pre-market trading after declining 10% on Thursday. Nano Labs recently announced its CEO purchased 1,107,935 Class A shares with his personal funds.
OneConnect Financial Technology Co., Ltd. (NASDAQ:OCFT) shares ...