Why Rumble Shares Are Trading Higher By Around 43%; Here Are 20 Stocks Moving Premarket

Shares of Rumble Inc. (NASDAQ:RUM) rose sharply in today's pre-market trading after the company announced it has entered into a definitive agreement for a strategic investment of $775 million from Tether.

Tether (CRYPTO: USDT) has agreed to purchase 103.33 million shares of Rumble Class A Common Stock at a price per share of $7.50, totaling $775 million in gross proceeds to Rumble.

Rumble shares jumped 43.3% to $10.31 in the pre-market trading session.

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

Gainers

• Reliance Global Group, Inc. (NASDAQ:RELI) gained 234% to $4.01 in pre-market trading.
• Phio Pharmaceuticals Corp. (NASDAQ:PHIO) gained 88.6% to $3.32 in pre-market trading. Phio Pharmaceuticals, last week, announced a $1.15 million registered direct offering priced at-the-market under Nasdaq rules.
• Edible Garden AG Incorporated (NASDAQ:EDBL) climbed 82.3% to $0.4334 in pre-market trading after surging 63% on Friday. Edible Garden recently announced it experienced a 51% year-over-year increase in its preliminary Thanksgiving period sales.
• JIADE Limited (NASDAQ:JDZG) gained 60.9% to $0.8530 in pre-market trading. JIADE received Nasdaq notification letter regarding minimum bid price deficiency.
• American Battery Technology Company (NASDAQ:ABAT) rose 44.1% to $1.60 in pre-market trading. On Friday, American Battery Technology priced its $5 million registered direct offering of 5 million shares at $1.00 per share.
• SEALSQ Corp (NASDAQ:LAES) gained 30.9% to $3.60 in pre-market trading after jumping more than 36% on Friday.
• Brenmiller Energy Ltd (NASDAQ:BNRG) rose 28.8% to $0.9700 in pre-market trading after the company was awarded ISO/IEC 27001:2022 certification.
• Honda Motor Co., Ltd. (NYSE:HMC) gained 18% to $28.19 in pre-market trading. Honda Motor and Nissan Motor Co. Ltd. (OTC:NSANY) have started talks for a potential merger.
• Kodiak Sciences Inc. (NASDAQ:KOD) rose 14.9% to $9.94 in pre-market trading.

Losers

• Conduit Pharmaceuticals Inc. (NASDAQ:CDT) shares tumbled 28.9% to $0.0531 in pre-market trading after jumping 14% on Friday. Conduit Pharmaceuticals recently announced it entered an agreement with Sarborg to leverage AI and its cybernetics platform to evaluate key deliverables across multiple areas of operations.
• Helius Medical Technologies, Inc. (NASDAQ:HSDT) declined 25.7% to $0.6759 in pre-market trading after jumping around 101% on Friday.
• Onfolio Holdings, Inc (NASDAQ:ONFO) fell 24.4% to $1.21 in pre-market trading. Onfolio Holdings announced a quarterly preferred stock cash dividend of 75 cents per share.
• iLearningEngines, Inc. (NASDAQ:AILE) shares fell 24.3% to $0.6703 in pre-market trading after declining 9% on Friday.
• ConnectM Technology Solutions Inc (NASDAQ:CNTM) shares dipped 20% to $0.83 in pre-market trading after falling 8% on Friday. ConnectM Technology Solutions, last week, announced a year-over-year increase in third-quarter revenue results.
• TPI Composites, Inc. (NASDAQ:TPIC) fell 19.2% to $1.94 in today's pre-market trading after jumping 97% on Friday.
• Aptose Biosciences Inc. (NASDAQ:APTO) dipped 17.8% to $0.2293 in pre-market trading after jumping 64% on Friday. Aptose Biosciences, last week, announced it was granted an extension to provide compliance evidence for a continued Nasdaq listing.
• Core Laboratories Inc. (NYSE:CLB) fell 11% to $15.00 in pre-market trading.
• Astria Therapeutics, Inc. (NASDAQ:ATXS) shares fell 10.8% to $8.53 in pre-market trading.
• SIGA Technologies, Inc. (NASDAQ:SIGA) fell 8.5% to $5.41 in pre-market trading.

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