Why Ericsson Shares Are Trading Higher By Around 9%; Here Are 20 Stocks Moving Premarket

Shares of Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) rose sharply in today's pre-market trading following better-than-expected quarterly results.

Ericsson reported quarterly earnings of 11 cents per share which beat the analyst consensus estimate of 8 cents per share. The company reported quarterly sales of $6.110 billion which beat the analyst consensus estimate of $5.719 billion.

Ericsson shares jumped 8.9% to $8.21 in the pre-market trading session.

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

Gainers

• Digital Brands Group, Inc. (NASDAQ:DBGI) rose 115.8% to $0.3450 in pre-market trading after declining over 7% on Monday.
• Banzai International, Inc. (NASDAQ:BNZI) gained 54.1% to $5.70 in pre-market trading after declining 16% on Monday.
• Gritstone bio, Inc. (NASDAQ:GRTS) shares surged 26.9% to $0.0685 in pre-market trading after gaining over 6% on Monday.
• DDC Enterprise Limited (NYSE:DDC) gained 25.5% to $0.3805 in pre-market trading.
• Wolfspeed, Inc. (NYSE:WOLF) rose 21.3% to $13.80 in pre-market trading. Wolfspeed announced $750 million in proposed funding from U.S. CHIPS Act and additional $750m from investment group led by Apollo, galvanizing global leadership in delivering next-generation silicon carbide technology.
• Rani Therapeutics Holdings, Inc. (NASDAQ:RANI) shares jumped 12% to $3.56 in pre-market trading after gaining around 57% on Monday.
• Bright Minds Biosciences Inc. (NASDAQ:DRUG) climbed 11.7% to $2.78 in pre-market trading after jumping 132% on Monday.
• Borealis Foods Inc. (NASDAQ:BRLS) shares rose 9.7% to $5.87 in pre-market trading after declining around 8% on Monday.
• Trump Media & Technology Group Corp. (NASDAQ:ERIC) gained 9.7% to $32.87 in pre-market trading. Trump Media & Technology Group shares jumped around 18% on Monday after the company announced the launch of its Truth+ TV streaming service.

Losers

• Qurate Retail, Inc. (NASDAQ:QRTEB) shares dipped 47.7% to $2.14 in pre-market trading. Qurate Retail will host a conference call to discuss results for the third quarter on Thursday, Nov. 7.
• American Lithium Corp. (NASDAQ:AMLI) shares fell 16.2% to $0.93 in pre-market trading after gaining around 20% on Monday.
• Virpax Pharmaceuticals, Inc. (NASDAQ:VRPX) fell 13.9% to $0.41 in today's pre-market trading.
• Big Tree Cloud Holdings Limited (NASDAQ:DSY) fell 13.8% to $4.37 in pre-market trading after jumping around 39% on Monday.
• Tevogen Bio Holdings Inc. (NASDAQ:TVGN) shares declined 11.8% to $0.9600 in pre-market trading. Tevogen's CEO reaffirmed commitment to transparency on multi-billion-dollar assets after revenue projections release.
• Expion360 Inc. (NASDAQ:XPON) shares fell 10.5% to $3.15 after jumping 47% on Monday.
• Karooooo Ltd. (NASDAQ:KARO) declined 9.2% to $41.30 in pre-market trading.
• Interactive Strength Inc. (NASDAQ:TRNR) shares declined 8.9% to $0.1259 in pre-market trading. Interactive Strength recently announced that Chuze Fitness has ordered multiple CLMBRs to install in four pilot locations out of the brand’s 60 total locations.
• EON Resources Inc. (NYSE:EONR) shares fell 7.8% to $1.30 in pre-market trading after surging 6% on Monday.
• UP Fintech Holding Limited (NASDAQ:TIGR) fell 7.6% to $6.75 in pre-market trading after dipping around 15% on Monday.

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