Market News

These Stocks are the Biggest Pre-Market Movers on Thursday

TipRanks has compiled a list of Thursday’s biggest pre-market stock movements. 

Mixed market sentiment on earnings releases, macro factors, and other variables seem to have dominated today’s stock market. Using TipRanks’ new Top Stock Gainers/Losers page, we’ve identified the top three pre-market stock movers, as detailed below. 

3 Big Movers 

PagerDuty, Inc. (PD), is a U.S.-based cloud computing company which specializes in a SaaS incident response platform for IT departments. It was the biggest gainer in pre-market trading, as the stock surged around 13% at the time of writing. The surge in price followed a smaller-than-expected fourth-quarter Fiscal 2022 loss, upbeat revenue, and a strong outlook. For Fiscal Q1 2023, the company projects revenue to be in the range of $81.5 million to $83.5 million, versus the consensus estimate of $80.2 million, while loss is estimated in the range of $0.09-$0.08 per share, versus analysts’ loss expectations of $0.06 per share. For Fiscal 2023, total revenue is forecast in the range of $360 million to $366 million, above the consensus estimate of $352.7 million, while loss per share is expected to range between $0.23 and $0.17, compared with the consensus estimated loss of $0.19 per share. 

Meanwhile, Dada Nexus Limited (DADA) declined 4.06% in pre-market trading, at last check. This drop followed Wednesday’s jump of more than 50% in its share price following China’s top policymaker’s statement to boost the economy and stabilize capital markets. DADA is a platform for local on-demand retail and delivery in China.

Chinese social network company Weibo Corporation (WB) dropped 3.29% in pre-market trading at the time of writing. Meanwhile, it recorded gains of around 20.7% at yesterday’s close on the positive remarks from Chinese policymakers.

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

Download the TipRanks mobile app now 

To find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights. 

Read full Disclaimer & 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