Stock Analysis & Ideas

These Stocks are the Biggest Pre-Market Movers

Here are Thursday’s largest pre-market stock moves, as presented on TipRanks.

Gold and silver stocks are the most active stocks today. As investors seek secure assets, the share prices of these gold and silver stocks have risen as a result of continuous inflation anxiety. New approvals, acquisitions, and other factors are also influencing the stock market today.

Using TipRanks’ new Top Stock Gainers page, we’ve identified the top 5 pre-market stock movers below.

5 Biggest Movers

The first stock is Harmony Gold (HMY), South Africa’s largest gold mining firm. The stock rose 16% in pre-market trading on Thursday and is currently trading at $4.2. Though no solid information is available, the increase might be due to the effect of rising inflation, which drives investor demand for hard currencies such as gold and silver.

Following that is SoFi Technologies (SOFI), an online personal finance firm based in the United States, which saw its shares rise 13.7% in pre-market trading to $13.71. The rise follows the approval of Sofi’s application to become a national bank by the Office of the Comptroller of the Currency and the Federal Reserve. Now that it has received final clearance to become a bank, Sofi should be able to increase its earnings growth.

The pharmaceutical business EQRx, Inc. (EQRX) was one of the biggest losers in the pre-market session. The stock fell 13.5% in the pre-market session. No fundamental news has been provided to support the stock’s decrease, so it’s still unclear what’s driving it to fall.

Meanwhile, another gold miner, Gold Fields (GFI), gained 12.8% in Thursday’s pre-market session and is trading at $11.10 at the time of writing.

To round off the list, we have Babylon (BBLN), a digital healthcare firm that gained 8% in Thursday’s pre-market session and is currently trading at $6.73. The increase follows the company’s acquisition of DayToDay Health, which will allow patients to heal at home and reduce visits to hospitals.

Watch this space. Tomorrow, we’ll have another up-to-date piece on stock Pre-Market Movers…

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