TipRanks has compiled a list of Tuesday’s biggest pre-market stock movements.
Today’s stock market is dominated by mixed market sentiment on company-specific news, earnings releases, and other variables. Using TipRanks’ new Top Stock Gainers/Losers page, we’ve identified the top five pre-market stock movers, as detailed below.
5 Biggest Movers
NeoGenomics, Inc. (NEO) was the biggest laggard in pre-market trading, plummeting 26% at last watch. The negative sentiment followed the company’s revelation of its stepping down Chief Executive, Mark Mallon. Also, the clinical laboratory disclosed that it is expected to miss first-quarter guidance and withdrew annual guidance.
Meanwhile, ABM Industries Incorporated (ABM), a facility management provider in the United States, rose in pre-market trading, recording gains of around 10.1% at the time of writing. The company has no fundamental news to explain the trading frenzy.
Dave & Buster’s Entertainment, Inc. (PLAY), an American restaurant and entertainment business, dove 7.2% in pre-market trading at the time of writing. The company reported disappointing fourth-quarter 2021 results, missing both earnings and revenue expectations. Dave & Buster’s recorded Q4 EPS of $0.52, lower than the consensus estimate of $0.60, while revenue for the quarter stood at $343.1 million, missing analysts’ expectations of $365.07 million.
Biotech firm Ginkgo Bioworks Holdings, Inc. (DNA) climbed 8% in the pre-market session at the time of writing. The upward movement followed an upbeat fourth-quarter revenue and above expectations 2022 guidance despite a wider-than-expected loss in Q4 2021. For 2022, the company expects revenue of $325-$340 million, above the consensus estimate of $305.8 million.
The Duckhorn Portfolio, Inc. (NAPA) completes the list. The producer and seller of wines in North America jumped 6.55% in pre-market trading, at last watch. The upward movement followed an 8.12% surge in price at Monday’s close. The company has no business-specific news to explain the trading frenzy.
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…
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