News On VBI Vaccines Inc. (VBIV) Now Under VBIVQ

Pre-market stock movers are a hot topic on Wednesday and we have all of the latest news traders need to know about them this morning!

Earnings reports, an acquisition deal and more are behind today’s biggest stock market movements.

Let’s get into that news below!

Biggest Pre-Market Stock Movers: 10 Top Gainers

• Zhongchao stock is rocketing 78% higher alongside heavy pre-market trading.
• G1 Therapeutics shares are soaring more than 65% on an acquisition deal.
• Richtech Robotics stock is surging over 48% with strong early morning trading.
• AlphaVest Acquisition Corp – Right shares are gaining more than 46% this morning.
• Inogen stock is increasing over 31% with its Q2 earnings report.
• Upstart shares are rising more than 25% after reporting a Q2 revenue beat.
• Lumen Technologies stock is heading over 24% higher with its latest earnings.
• Veracyte shares are climbing close to 22% after announcing its Q2 results.
• Direxion Shares ETF Trust Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares are jumping more than 19% this morning.
• Shopify stock is up 18% on solid Q2 earnings results.

10 Top Losers

• Scorpius shares are crashing over 79% on a proposed public offering.
• Talis Biomedical stock is plummeting more than 47% on restructuring updates.
• DZS shares are diving over 45% as it prepares for a delisting notice.
• Stem stock is tumbling 38% on Q2 misses.
• Nevro shares are taking a more than 37% beating after cutting its revenue outlook.
• Emergent BioSolutions stock is sliding over 35% alongside its Q2 results.
• VBI Vaccines shares are dropping more than 34% after a rally yesterday.
• Expion360 stock is decreasing over 28% with a public offering.
• Evotec shares are falling more than 22% on a profit warning.
• CryoPort stock closes out our pre-market stock movers down over 20% after missing Q2 estimates.

On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

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Shares of Fortinet, Inc. rose sharply in today's pre-market trading after the company reported better-than-expected second-quarter financial results and issued guidance above estimates.

Fortinet's second-quarter revenue increased 11% year-over-year to $1.43 billion, beating consensus estimates of $1.403 billion. The cybersecurity company reported second-quarter adjusted earnings of 57 cents per share, beating analyst estimates of 41 cents per share.

Fortinet shares jumped 17% to $65.29 in pre-market trading.

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

Gainers

• Richtech Robotics Inc. rose 68.1% to $0.6220 in today's pre-market trading after dipping around 74% on Tuesday.
• Lumen Technologies, Inc. gained 43% to $7.15 in pre-market trading after the company reported better-than-expected second-quarter revenue results.
• Zhongchao Inc. gained 34.2% to $1.65 in pre-market trading.
• Upstart Holdings, Inc. jumped 24% to $29.60 in pre-market trading after the company reported better-than-expected second-quarter financial results and issued third-quarter revenue guidance above estimates.
• Latham Group, Inc. shares gained 20.6% to $3.75 in pre-market trading after the company reported better-than-expected second-quarter financial results and raised its FY24 revenue guidance above estimates. Additionally, the company announced an acquisition of Coverstar Central.
• Mynd.ai, Inc. shares rose 15.9% to $2.55 in pre-market trading after falling around 7% on Tuesday.
• Beyond Air, Inc. shares rose 14.3% to $0.5770 in pre-market trading after the company reported better-than-expected quarterly EPS results.
• Snow Lake Resources Ltd. gained 12.8% to $0.5756 in pre-market trading after jumping around 13% on Tuesday.
• Corvus Pharmaceuticals, Inc. shares gained 10% to $3.30 in pre-market trading after the company reported a narrower-than-expected quarterly loss.

Losers

• Scorpius Holdings, Inc. shares dipped 77% to $1.30 in pre-market trading after gaining 19% on Tuesday. Scorpius announced that it has surpassed $100 million in near-term business development opportunities across government and commercial sectors.
• Talis Biomedical Corporation shares declined 52.7% to $4.25 in pre-market trading after the company initiated a board restructuring.
• Porch Group, Inc. declined 38.2% to $1.07 in pre-market trading after reporting weak quarterly results.
• Stem, Inc. shares declined 37.1% to $0.6274 in pre-market trading after the company reported mixed second-quarter financial results.
• Emergent BioSolutions Inc. shares fell 36.2% to $6.27 in pre-market trading after posting a loss for the second quarter.
• DZS Inc. fell 36.2% to $0.66 pre-market trading after the company announced it received a delisting notice from the Nasdaq.
• VBI Vaccines Inc. fell 32.2% to $0.09 in today's pre-market trading after jumping 111% on Tuesday.
• Nevro Corp. shares fell 31.1% to $5.99 in pre-market trading after the company reported worse-than-expected second-quarter sales results.
• Evotec SE fell 24.5% to $2.90 in pre-market trading after declining around 11% on Tuesday.
• Cryoport, Inc. shares fell 23.5% to $5.95 in pre-market trading after posting weak quarterly sales.

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• Top 4 Materials Stocks Which Could Rescue Your Portfolio This Month

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

U.S. stocks traded higher this morning, with the Dow Jones index gaining more than 300 points on Tuesday.

Following the market opening Tuesday, the Dow traded up 0.88% to 39,042.26 while the NASDAQ rose 0.76% to 16,323.66. The S&P 500 also rose, gaining, 1.06% to 5,241.40.

Leading and Lagging Sectors

Industrials shares climbed by 1.7% on Tuesday.

In trading on Tuesday, communication services shares rose by 0.6%.

Top Headline

The trade deficit in the U.S. shrank to $73.1 billion in June versus the revised gap of $75 billion in the previous month. However, analysts were expecting a gap pf $72.5 billion. Exports increased by 1.5% to $265.9 billion in June.

Equities Trading UP

• VBI Vaccines Inc. shares shot up 178% to $0.1752.
• Shares of Regencell Bioscience Holdings Limited got a boost, surging 71% to $11.35 .
• Lumen Technologies, Inc. shares were also up, gaining 57% to $4.07 after the company announced it secured $5 billion in new business from companies seeking to secure their fiber capacity.

Equities Trading DOWN

• Elevation Oncology, Inc. shares dropped 60% to $0.8579 following second-quarter results.
• Shares of Jumia Technologies AG were down 46% to $5.69 after the company reported worse-than-expected quarterly sales results.
• ThredUp Inc. was down, falling 34% to $1.15 following second-quarter results.

Commodities

In commodity news, oil traded up 0.8% to $73.53 while gold traded down 0.1% at $2,441.80.

Silver traded up 0.2% to $27.25 on Tuesday, while copper rose 0.5% to $4.0235.

Euro zone

European shares were mixed today. The eurozone's STOXX 600 rose 0.2%, Germany's DAX rose 0.1% and France's CAC 40 fell 0.4%. Spain's IBEX 35 Index fell 0.6%, while London's FTSE 100 rose 0.1%.

Retail sales in the Eurozone declined 0.3% month-over-month in June following a 0.1% gain in May. The HCOB Eurozone construction PMI declined to 41.4 in July, recording the lowest reading in six months.

The S&P Global UK construction PMI rose to 55.3 in July from 52.2 in June, while France construction PMI declined to 39.7 in July from 41 in June. The HCOB Germany construction PMI rose to 40 in July versus 39.7 in June. Retail sales in the UK climbed 0.3% year-over-year in July compared to a 0.5% decline in June.

Asia Pacific Markets

Asian markets closed mostly higher on Tuesday, with Japan's Nikkei 225 jumping 10.23%, Hong Kong's Hang Seng Index gaining 0.31%, China's Shanghai Composite Index rising 0.23% and S&P BSE Sensex declining 0.21%.

Household spending in Japan declined by 1.4% year-over–year in June following a 1.8% decline in the previous month.

Economics

• The Logistics Manager's Index rose to 56.5 in July, recording the strongest reading in four months, and up from 55.3 in June.
• The trade deficit in the U.S. shrank to $73.1 billion in June versus the revised gap of $75 billion in the previous month. However, analysts were expecting a gap pf $72.5 billion. Exports increased by 1.5% to $265.9 billion in June.

Now Read This: This CrowdStrike Analyst Turns Bullish; Here Are Top 5 Upgrades For Tuesday

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Aqua Metals  stock is taking a beating on Tuesday alongside the release of the metals recycling company’s earnings report for Q2 2024.

The bad news for AQMS stock comes from the lack of revenue reported by Aqua Metals during the quarter. That’s not what Wall Street was expecting with a Q2 revenue estimate of $27,500.

Additionally, its adjusted earnings per share came in at -5 cents. That matches what analysts were expecting from Aqua Metals. It’s also slightly better than the -6 cents per share from the same period of the year prior.

AQMS Stock: Sierra ARC Update

Aqua Metals provided investors with the following update on its Sierra ARC plans in its latest earnings report.

AQMS stock is down 27% as of Tuesday morning.

Investors will want to stick around for more of the most recent stock market stories today!

We have all of the hottest stock market news that traders need to know about on Tuesday! That includes all of the latest happenings for SunPower  stock, VBI Vaccines  stock and Lytus Technologies  stock today. You can read up on all of this news at the links below!

More Stock Market News for Tuesday

• Why Is SunPower (SPWR) Stock Down 44% Today?
• Why Is VBI Vaccines (VBIV) Stock Up 62% Today?
• Why Is Lytus Technologies (LYT) Stock Up 109% Today?

On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

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SunPower  stock is falling hard on Tuesday after the solar power and technology company filed for Chapter 11 bankruptcy late yesterday.

That bankruptcy filing isn’t an attempt for the company to restructure its business and come out leaner. Instead, SunPower is planning to wind down its operations during the bankruptcy process.

SunPower also already has plans lined up to sell its Blue Raven Solar installation and new homes businesses in a stalking horse bid. This has Complete Solaria planning to acquire these assets from the company.

SunPower executive chairman Tom Werner said the following about the bankruptcy filing and asset sale.

Analysts were already expecting SunPower to file for bankruptcy. That’s due to it alerting dealers on July 17 that it wouldn’t offer any new installations. Other writing on the wall includes a CEO change, an accountant loss and a failed attempt at a restructuring just in the first half of this year, reports Bloomberg.

How This Affects SPWR Stock

SunPower stock will likely continue its negative movement in the days after this bankruptcy news. Additionally, it is also likely the company will receive a delisting notice for its shares.

Today’s bankruptcy news has shares of SPWR stock falling 44.1% as of Tuesday morning.

There are more stock market stories traders will want to read about below!

We have all of the hottest stock market news that investors need to know about on Tuesday! A few examples include what’s happening with shares of VBI Vaccines  and Lytus Technologies  stock today, as well as the biggest pre-market stock movers this morning. You can find out more on these matters at the following links!

On Penny Stocks and Low-Volume Stocks: With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That’s because these “penny stocks” are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that InvestorPlace.com’s writers disclose this fact and warn readers of the risks.

On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

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VBI Vaccines  stock is rising higher on Tuesday after the commercial-stage biopharmaceutical company filed for bankruptcy last week.

According to a press release from VBI Vaccines, this bankruptcy filing is part of the company’s ongoing restructuring effort. The company has filed for bankruptcy in both the U.S. and Canada.

On top of that, VBI Vaccines notified investors of a delisting notice for its shares. This will see shares of VBIV stock removed from the Nasdaq Exchange when markets open on Thursday.

Recent VBIV Stock Movement

Shares of VBI Vaccines stock have been volatile since the company announced its bankruptcy filings last week. That, combined with the delisting news, continues its volatility this morning.

With this comes a 61.8% increase on Tuesday morning after a 33.1% fall on Monday. Investors will also note that the stock was down 89.9% year-to-date when markets closed yesterday.

With the rise in price this morning comes heavy trading of VBIV stock. That has more than 27 million shares on the move as of this writing. For comparison, its daily average trading volume is about 1.1 million shares. It’s also worth mentioning that its float is 26.73 million units.

There are even more stock market stories traders will want to read about below!

We have all of the hottest stock market news traders need to know about on Tuesday! Among that is what has shares of Lytus Technologies  stock up, the biggest pre-market stock movers this morning and more. All of this info is ready to go at the links below!

More Stock Market News for Tuesday

• Why Is Lytus Technologies (LYT) Stock Up 109% Today?
• Today’s Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on Tuesday
• Kamala Harris Running Mates: Where Do the Top Candidates Stand on Crypto?

On Penny Stocks and Low-Volume Stocks: With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That’s because these “penny stocks” are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that InvestorPlace.com’s writers disclose this fact and warn readers of the risks.

On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

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