Market News

These Stocks Are the Biggest Pre-Market Movers on Thursday

Story Highlights

SWX, SONO, ENVZ, VZIO, and HKD are the five biggest pre-market stock movers on Thursday

Using TipRanks’ Top Stock Gainers/Losers tool, we have compiled a list of Thursday’s biggest pre-market stock movers, which is as follows:

Five Biggest Movers

Heading the list is Southwest Gas Holdings, Inc. (NYSE: SWX), which slipped around 90% in the pre-market session on Thursday, due to disappointing results for the second quarter and a downward revision of 2022 guidance. The Nevada-based utility firm’s adjusted earnings slipped 20 cents per share year-over-year to 23 cents in the second quarter. The figure also came in lower than the consensus EPS estimate of 54 cents.

California-based Sonos, Inc. (NASDAQ: SONO) was trading nearly 20% down at the last check after losing 18.5% in the extended trading session on Wednesday. Weak fiscal third-quarter results and lowered guidance for the fiscal year 2022 triggered the fall. Revenues decreased 1.8% year-over-year to $371.8 million, missing the Street’s estimate of $424.03 million, and adjusted EPS stood at 19 cents per share, compared to 27 cents last year. The maker of audio products expects FY22 revenue to range from $1.730 billion to $1.755 billion, lower than its earlier guidance range of $1.95 billion to $2 billion.

Next is Enovix Corp. (NASDAQ: ENVX), which gained 13% on the back of a report by Loop Capital Markets analyst Ananda Baruah. The analyst has initiated coverage of the stock with a Buy rating and a price target of $50. He said that the lithium-ion battery producer could be worth $75 billion to $80 billion by the end of 2030 versus its current market cap of $3 billion.

Digital solutions provider AMTD Digital, Inc. (NYSE: HKD) was almost 12% up at the time of writing. The stock closed 2.6% higher on Wednesday after losing 45% on Tuesday. Shares of the Singapore-based company have been witnessing significant volatility since their listing on the New York Stock Exchange last month.

Last is Vizio Holding Corp. (NYSE: VZIO), whose shares spiked 11.1% in Thursday’s early trade, riding on strong results for the second quarter of 2022. The entertainment products and services provider reported a profit of one cent per share, compared to the consensus loss estimate of one cent and the year-ago loss of eight cents per share. Net revenues grew 2% year-over-year to $408.9 million.

Continue to watch this space for possible volatility upon the market open. Tomorrow, we’ll have another up-to-date piece on stock Pre-Market Movers…

Read full Disclosure

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More
Videos