Why LENZ Therapeutics Shares Are Trading Higher By Around 18%; Here Are 20 Stocks Moving Premarket

Indonesia Energy Corporation stock is trading higher on Monday, along with other companies in the oil and gas sector, as tensions in the Middle East rise after Israel and Hezbollah fired missiles across the Lebanon border.

The Details: Reuters reported that Hezbollah launched hundreds of rockets and drones aimed at northern Israel on Sunday. Israel’s military stated that it hit Lebanon with about 100 jets to avoid a larger attack.

Hezbollah leader Sayyed Hassan Nasrallah said that the attacks had been completed, “as planned,” and added that “if the result is not enough, then we retain the right to respond another time.”

Israel’s foreign minister stated that the country is not aiming for a full-scale war. Prime Minister Benjamin Netanyahu said, “This is not the end of the story.”

According to Reuters, Libya’s eastern government said that it would shut down oil production. However, the National Oil Corp, which controls Libya’s oil supply, did not confirm this; Tripoli’s government did not confirm this either.

Waha Oil Company, a National Oil Corp subsidiary, announced that it planned to slowly stop oil output due to protests and pressure. The company also operates a joint venture with both Total Energy and ConocoPhillips.

How To Buy Indonesia Energy Stock

By now you're likely curious about how to participate in the market for Indonesia Energy Corp – be it to purchase shares, or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy ‘fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, or Amazon.com, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so.

If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to ‘go short' a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.

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INDO Price Action: At the time of publication, Indonesia Energy stock is trading 16.0% higher at $3.62, per data from Benzinga Pro.

Image: Photo via Shutterstock

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

Shares of Kellanova rose sharply in today's pre-market trading following a report suggesting Mars is considering an acquisition of the company.

Kellanova shares jumped 14.5% to $72.10 in pre-market trading.

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

Gainers

• MGO Global, Inc. M rose 38.4% to $3.60 in today's pre-market trading after gaining over 5% on Friday.
• Zevra Therapeutics, Inc. gained 21.5% to $7.66 in pre-market trading. Zevra Therapeutics received FDA Panel support for Arimoclomol in treating Niemann-Pick disease Type C.
• DDC Enterprise Limited shares gained 19.4% to $0.4940 in pre-market trading after dipping 14% on Friday.
• CNS Pharmaceuticals, Inc. C jumped 17.8% to $0.2954 in pre-market trading after dipping 13% on Friday.
• Xiao-I Corporation shares gained 12.7% to $0.6011 in pre-market trading after declining 8% on Friday.
• United Homes Group, Inc. gained 11.1% to $6.31 in pre-market trading. United Homes Group will release its results for the second quarter before the opening bell on Thursday, Aug. 8.
• Indonesia Energy Corporation Limited shares rose 10.9% to $2.54 in pre-market trading following a 5% decline on Friday.
• 22nd Century Group Inc shares rose 13.4% to $0.73 in pre-market trading after falling more than 5% on Friday.
• MIRA Pharmaceuticals, Inc. shares gained 8.8% to $2.36 in pre-market trading. Ascendiant Capital analyst Edward Woo initiated coverage on Mira Pharmaceuticals with a Buy rating and announced a price target of $11.

Losers

• Aqua Metals, Inc. shares dipped 60% to $0.1238 in pre-market trading. Aqua Metals will report financial results for the second quarter after the closing bell on Monday, Aug. 5.
• First Financial Bankshares, Inc. shares declined 23.9% to $26.99 in pre-market trading after declining 3% on Friday.
• CleanSpark, Inc. fell 17.4% to $11.13 pre-market trading after dipping more than 10% on Friday.
• MicroStrategy Incorporated fell 17.2% to $1,199.52 in today's pre-market trading amid a sharp decline in Bitcoin prices.
• Iris Energy Limited shares fell 17.2% to $7.14 in pre-market trading after declining 7% on Friday.
• Serve Robotics Inc. shares declined 16.4% to $12.21 in pre-market trading after dipping 15% on Friday.
• Cipher Mining Inc. declined 15.4% to $3.66 in pre-market trading amid weakness in Bitcoin.
• Riskified Ltd. shares fell 14.4% to $5.00 in pre-market trading. Riskified will release its second quarter financial results before the opening bell on Aug. 14/
• TeraWulf Inc. shares fell 13.1% to $3.19 in pre-market trading after dipping more than 10% on Friday.
• Applied Digital Corporation fell 12% to $3.73 in pre-market trading amid weakness in Bitcoin.

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• Wall Street’s Most Accurate Analysts’ Views On 3 Materials Stocks Delivering High-Dividend Yields

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

The most oversold stocks in the energy sector presents an opportunity to buy into undervalued companies. `

The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30, according to Benzinga Pro.

Here's the latest list of major oversold players in this sector, having an RSI near or below 30.

Chesapeake Energy Corp

• On July 22, Truist Securities analyst Neal Dingmann maintained Chesapeake Energy with a Buy and lowered the price target from $112 to $108. The company's stock fell around 4% over the past five days and has a 52-week low of $72.84.
• RSI Value: 28.39
• CHK Price Action: Shares of Chesapeake Energy gained 0.5% to close at $77.79 on Friday.
• Benzinga Pro's real-time newsfeed alerted to latest Chesapeake Energy news.

Shares of Vaxxinity, Inc. fell sharply during Monday's session after the company announced its intention to voluntarily delist and deregister its Class A common stock.

Vaxxinity shares dipped 54.8% to $0.2150 on Monday.

Here are some other stocks moving in today’s mid-day session.

Gainers

• Matterport, Inc. shares jumped 184% to $4.93. CoStar Group announced plans to acquire Matterport in a cash and stock transaction valued at $5.50 per share reflecting an estimated $1.6 billion value.
• NewGenIvf Group Limited climbed 126% to $1.67 after the company signed a non-binding term sheet for a potential reverse merger with European Wellness Investment Holdings.
• Moolec Science SA shares climbed 88.4% to $2.5950 after the company announced that it received USDA approval for plant-grown animal proteins.
• Tungray Technologies Inc gained 48.8% to $5.95 after surging around 49% on Friday. The company priced its IPO at $4 per share.
• SuperCom Ltd. shares gained 46% to $0.3212 after the company reported better-than-expected fourth-quarter results.
• AGBA Group Holding Limited climbed 42% to $1.7742.
• Edible Garden AG Incorporated jumped 39% to $5.23 after the company announced it regained compliance with the Nasdaq bid price requirement.
• POET Technologies Inc. jumped 29.8% to $1.35.
• Graphjet Technology climbed 27.6% to $8.61. Graphjet Technology’s Tham Choi Kuen, CFO, announced the decision to resign due to health reasons, effective immediately.
• Assure Holdings Corp. rose 25% to $0.55 after dipping more than 30% on Friday.
• Smart for Life, Inc. climbed 23% to $4.13.
• Jaguar Health, Inc. gained 23% to $0.1936.
• WANG & LEE GROUP, Inc. climbed 21.7% to $0.73. Wang & Lee Group, last week, reported a year-over-year increase in FY23 financial results.
• Onfolio Holdings, Inc. climbed 20.8% to $0.52.
• Complete Solaria, Inc. shares gained 17.4% to $0.5281 amid recent volatility in the stock. Chairman T.J. Rodgers said he converted $5 million of his CSLR debt to equity as an indication of his belief in the company.
• NKGen Biotech, Inc. climbed 14.8% to $1.2750.
• MicroStrategy Incorporated gained 11.2% to $1,305.56 amid a rise in Bitcoin.
• Sea Limited gained 10.4% to $60.79 after B of A Securities upgraded the stock from Neutral to Buy and raised its price target from $62 to $70.
• Ingevity Corporation rose 8.7% to $48.30. Jefferies analyst Daniel Rizzo upgraded Ingevity from Hold to Buy and raised the price target from $52 to $62.
• Riot Platforms, Inc. rose 7.9% to $9.85 amid a rise in Bitcoin.
• Coinbase Global, Inc. gained 6.5% to $224.72 amid a rise in Bitcoin.

Losers

• Hepion Pharmaceuticals, Inc. fell 40.4% to $1.2515 after the company announced that it began wind-down activities in its Phase 2b “ASCEND-NASH Trial.
• Akso Health Group fell 26.2% to $0.7001.
• Warrantee Inc. fell 24.2% to $0.3223. Warrantee announced receipt of Nasdaq delisting determination and plan to appeal.
• Bio-Path Holdings, Inc. fell 22.3% to $3.3350. Bio-Path recently announced closing of $1.2 million registered direct offering priced at-the-market under Nasdaq rules.
• Inhibikase Therapeutics, Inc. dipped 19.5% to $1.64.
• Jin Medical International Ltd. fell 18.8% to $3.1502
• Indonesia Energy Corporation Limited shares declined 15.4% to $4.25 after gaining 23% on Friday. Indonesia Energy, last month, filed for mixed shelf offering of up to $50 million.
• Virgin Galactic Holdings, Inc. fell 14% to $0.7357. Virgin Galactic recently announced it is considering a reverse stock split with a range between 1-for-2 and 1-for-20.
• Sunshine Biopharma, Inc. shares fell 13.7% to $1.5250 after dipping 47% on Friday. Sunshine Biopharma's Nora Pharma received Health Canada approval for Niopeg.
• Mobile-health Network Solutions fell 11.9% to $24.01. Mobile-health Network Solutions said it sees 1H revenue of $6 million versus $3 million year over uear.
• Connexa Sports Technologies Inc. fell 10.9% to $1.2515.
• AgriFORCE Growing Systems Ltd. declined 9.7% to $0.1480 after gaining 9% on Friday. AgriForce Growing Systems was granted Australian patent number 2018215090 titled “High Fiber, High Protein, Low Carbohydrate Flour, Sweetened Liquid, Sweeteners, Cereals, And Methods For Production Thereof.”
• Energy Fuels Inc. declined 9.7% to $5.26. Energy Fuels entered into definitive scheme implementation deed with Base Resources for the acquisition of all issued shares for A$375 million.
• Tellurian Inc. dipped 9.6% to $0.4478.
• Applied Optoelectronics, Inc. fell 9.5% to $10.96. Applied Optoelectronics is expected to release financial results for its first quarter ended March 31, 2024 on May 9, 2024.
• FuelCell Energy, Inc. fell 9.3% to $0.8023.
• Mingteng International Corporation Inc. fell 6.5% to $3.45 after gaining over 5% on Friday. Mingteng International, last week, priced its IPO at $4.00 per share.
• Li Auto Inc. fell 6.2% to $24.74. Shares of Chinese EV stocks traded lower after Tesla reduced vehicle prices in China.
• Tesla, Inc. fell 3.2% to $142.24 after the company reduced vehicle prices in the US, Germany and China.

Also Read: How To Earn $500 A Month From AZZ Stock Ahead Of Q4 Earnings

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Shares of Riot Platforms, Inc. rose sharply in today's pre-market trading amid a rise in Bitcoin.

Bitcoin prices gained around 1.5% over the past 24 hours to $66,012 this morning.

Riot Platforms shares gained 5.3% to $9.61 in pre-market trading.

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

Gainers

• Complete Solaria, Inc. shares gained 64.1% to $0.7386 in pre-market trading. Complete Solaria responded to short attack with strong retail investor and Chairman support.
• The OLB Group, Inc. gained 26.8% to $0.4348 in pre-market trading after dipping around 15% on Friday.
• Tungray Technologies Inc gained 24.4% to $7.40 in pre-market trading after surging around 49% on Friday. The company priced its IPO at $4 per share.
• Borealis Foods Inc. climbed 19.4% to $4.75 in pre-market trading after falling more than 8% on Friday.
• SuperCom Ltd. shares rose 17.5% to $0.2586 in pre-market trading after falling 8% on Friday. SuperCom, last week, priced a $2.9 million registered direct offering.
• Assure Holdings Corp. rose 15.8% to $0.51 in today's pre-market trading after dipping more than 30% on Friday.
• T2 Biosystems, Inc. gained 15.5% to $3.42 in pre-market trading.
• HWH International Inc. shares gained 14.4% to $1.51 in pre-market trading after jumping 29% on Friday. HWH International, during February, announced the acquisition of a café in Seocho-gu, South Korea.
• GCT Semiconductor Holding, Inc. shares gained 12.5% to $4.39 in pre-market trading after falling around 22% on Friday.

Losers

• Vaxxinity, Inc. fell 53.5% to $0.2215 in pre-market trading. Vaxxinity announced intention to voluntarily delist and deregister its Class A common stock from the Nasdaq.
• Mingteng International Corporation Inc. fell 17.5% to $3.05 in pre-market trading after gaining over 5% on Friday. Mingteng International, last week, priced its IPO at $4.00 per share.
• AgriFORCE Growing Systems Ltd. declined 14.3% to $0.1402 in pre-market trading after gaining 9% on Friday. AgriForce Growing Systems was granted Australian patent number 2018215090 titled “High Fiber, High Protein, Low Carbohydrate Flour, Sweetened Liquid, Sweeteners, Cereals, And Methods For Production Thereof.”
• Adlai Nortye Ltd. fell 14% to $10.66 in pre-market trading after gaining around 23% on Friday.
• Top Wealth Group Holding Limited fell 13.6% to $3.22 in pre-market trading after jumping over 100% on Friday. Top Wealth Group recently announced closing of initial public offering.
• iLearningEngines, Inc. shares fell 12.8% to $6.00 in pre-market trading after declining 5% on Friday.
• Sunshine Biopharma, Inc. shares fell 12.7% to $1.54 in pre-market trading after dipping 47% on Friday. Sunshine Biopharma's Nora Pharma received Health Canada approval for Niopeg.
• Indonesia Energy Corporation Limited shares declined 11.7% to $4.44 in pre-market trading after gaining 23% on Friday. Indonesia Energy, last month, filed for mixed shelf offering of up to $50 million.
• Galiano Gold Inc. fell 10.1% to $1.33 pre-market trading.
• Markforged Holding Corporation fell 8.8% to $0.62 pre-market trading after jumping around 16% on Friday.

Read More: Investor Sentiment Edges Lower, S&P 500 Falls For Sixth Straight Day

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The blue-chip Dow and the S&P 500 were on track for weekly losses on Friday after most megacap growth stocks and chipmakers retreated, while some big banks fell after reporting dour quarterly earnings.

At 11:30 ET, the Dow Jones Industrial Average was down 0.84% at 38,136.43. The S&P 500 was down 0.92% at 5,151.28 and the Nasdaq Composite was down 1.08% at 16,263.911.

The top three S&P 500 (.PG.INX) percentage gainers:

** Globe Life , up 14.2%

** Newmont , up 2.6%

** Occidental Petroleum , up 2%

The top three S&P 500 (.PL.INX) percentage losers:

** Zoeti , down 7.5%

** Arista Networks , down 7.3%

** JPMorgan Chase , down 5.4%

The top three NYSE (.PG.N) percentage gainers:

** Indonesia Energy Corporation , up 57.1%

** Houston American Energy , up 38.1%

** HNR Acquisition , up 25.7%

The top two NYSE (.PL.N) percentage losers:

** Destiny Tech100 , down 23.6%

** GCT Semiconductor , down 12.5%

The top three Nasdaq (.PG.O) percentage gainers:

** EZGO Technologies (EZGO.O), up 49.9%

** Mobile-Health Network Solutions , up 24.3%

** Q32 Bio , up 25.5%

The top three Nasdaq (.PL.O) percentage losers:

** Monogram Orthopaedics , down 27.3%

** Agenus , down 18.8%

** Tritium DCFC , down 16.7%

** JPMorgan Chase & Co : down 5.4%

BUZZ - Falls on lower-than-expected 2024 NII forecast

** Newmont Corp : up 2.6%

** Barrick Gold Corp : up 1.8%

** AngloGold Ashanti Ltd : up 3.1%

** Gold Fields Ltd : up 3.2%

BUZZ - Gold miners jump as bullion hits record high

** Rio Tinto PLC : up 1.0%

** Southern Copper Corp : up 0.8%

** Freeport-McMoRan Inc : up 0.5%

BUZZ - Copper miners rise as metal hits highest since June 2022

** Advanced Micro Devices Inc : down 3.8%

** Intel Corp : down 3.4%

BUZZ - Slide after report of Chinese curbs on foreign chips

** Hecla Mining : up 1.4%

** Coeur Mining : up 4.7%

** First Majestic Silver : up 0.1%

** Pan America Silver : up 1.6%

BUZZ - Silver miners rise as metal hits over three-year high

** CarMax : down 0.4%

BUZZ - CFRA cuts CarMax's PT on higher interest rates impacting consumers

** Packaging Corp of America : down 2.2%

BUZZ - BNP Paribas downgrades Packaging Corp to 'neutral' after strong price performance

** Wells Fargo & Co : down 0.3%

BUZZ - Falls as quarterly profit shrinks

** Fastenal Co : up 1.2%

BUZZ - Stephens raises Fastenal's PT over long-term prospect

** Mondelez International : down 1.0%

BUZZ - Brokerages cut PT on Mondelez on weaker demand, rising cocoa prices

** Applied Digital : down 4.7%

BUZZ - Slumps as ballooning quarterly loss disappoints

** Corteva : down 3.0%

BUZZ - Falls after J.P.Morgan downgrades to 'neutral', cuts PT

** JPMorgan Chase : down 5.4%

BUZZ - Falls on lower-than-expected 2024 NII forecast

** Nurix Therapeutics : down 5.7%

BUZZ - Drops after upsized $175 mln stock offering

** Alcoa : up 0.2%

BUZZ - Jefferies raises Alcoa's PT on better free cash flow expectation

** Las Vegas Sands : down 0.8%

** MGM Resorts International : down 2.8%

BUZZ - Citigroup cuts PTs for casinos on lower earnings expectations

** Arista Networks : down 7.3%

BUZZ - Slides as Rosenblatt downgrades to 'sell'

** Progressive : up 1.7%

BUZZ - Rises after upbeat first-quarter results

** Exxon Mobil : up 0.8%

BUZZ - Shares rise on final investment decision for Guyana offshore project

** Zoetis : down 7.5%

BUZZ - Falls after WSJ reports on possible side effects of pet arthritis drugs

** Ciena : down 2.8%

BUZZ - Slips as Citi starts coverage with "sell"

** Marathon Oil Corp : up 1.0%

** ConocoPhillips : up 0.5%

** Occidental Petroleum Corp : up 2.0%

BUZZ - Oil stocks rise as Middle East tensions heighten

** Roku : down 2.0%

BUZZ - Falls on notice of security incident

** Nextplat : up 30.0%

BUZZ - Soars on merger with Progressive Care

** Jack in the Box : down 0.9%

** McDonald's : down 0.4%

** Restaurant Brands International : down 1.2%

BUZZ - TD Cowen trims PTs of quick-service restaurants on slowing customer traffic

** Virco Mfg : up 4.3%

BUZZ - Up after posting upbeat annual results

** Argan : up 22.0%

BUZZ - Jumps on Q4 revenue beat

** Southwest Airlines : down 2.4%

** Jetblue Airways : down 3.1%

** Alaska Air Group : down 2.8%

BUZZ - BofA cuts Southwest PT on domestic operation challenges

** DocuSign : up 1.6%

BUZZ - Rallies after UBS moves out of bear camp

** RTX : up 0.4%

BUZZ - Jefferies says RTX on track with GTF recall costs guide, ups PT

** State Street : up 1.4%

BUZZ - Rises on record Q1 AUM, revenue beat

The 11 major S&P 500 sectors: