Why AppLovin Shares Are Trading Higher By Around 29%; Here Are 20 Stocks Moving Premarket

Shares of AppLovin Corporation (NASDAQ:APP) rose sharply in today's pre-market trading after the company reported better-than-expected fourth-quarter financial results and issued first-quarter revenue guidance above estimates.

Applovin reported fourth-quarter revenue of $1.37 billion, beating analyst estimates of $1.26 billion, according to Benzinga Pro. The company reported fourth-quarter earnings of $1.73 per share, beating analyst estimates of $1.25 per share.

AppLovin shares jumped 28.9% to $490.10 in the pre-market trading session.

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

Gainers

• Phoenix Motor Inc. (NASDAQ:PEV) gained 81.2% to $0.4570 in pre-market trading after the company said third-quarter revenue jumped 1,557% year-over-year to $4.77 million.
• Tivic Health Systems, Inc. (NASDAQ:TIVC) rose 42% to $0.9937 in pre-market trading. Tivic Health Systems shares jumped 198% on Wednesday after the company announced it acquired the exclusive license rights from Statera Biopharma for its Phase III TLR5 agonist entolimod treatment of acute radiation syndrome.
• Avinger, Inc. (NASDAQ:AVGR) shares jumped 45.6% to $0.6701 in pre-market trading.
• MGO Global, Inc (NASDAQ:MGOL) gained 38.5% to $0.6326 in pre-market trading after dipping 24% on Wednesday.
• ProPhase Labs, Inc. (NASDAQ:PRPH) gained 26% to $0.3535 in pre-market following a 7% gain in the previous session.
• Dutch Bros Inc. (NYSE:BROS) shares climbed 24.6% to $80.72 in pre-market trading following better-than-expected fourth-quarter financial results.
• Twin Disc, Incorporated (NASDAQ:TWIN) gained 19.4% to $11.99 in pre-market trading after dipping 10% on Wednesday.
• Robinhood Markets, Inc. (NASDAQ:HOOD) gained 15.6% to $64.72 in pre-market trading after the company reported better-than-expected quarterly financial results.
• CEVA, Inc. (NYSE:CEVA) gained 8.5% to $34.41 in pre-market trading.

Losers

• Aspen Aerogels, Inc. (NYSE:ASPN) shares fell 30.6% to $8.15 in pre-market trading after the company issued first-quarter guidance below estimates.
• The Trade Desk, Inc. (NASDAQ:TTD) dipped 27% to $89.34 in pre-market trading after the company reported worse-than-expected quarterly revenue results.
• Omega Therapeutics, Inc. (NASDAQ:OMGA) fell 24.6% to $0.1960 in today's pre-market trading after surging 35% on Wednesday. Omega Therapeutics' restructuring committee recently approved a workforce reduction of up to 17 employees for cost-reduction amid a Chapter 11 case and potential asset sale.
• NKGen Biotech, Inc. (NASDAQ:NKGN) shares fell 24.4% to $0.6363 in pre-market trading. NKGen Biotech shares jumped 122% on Wednesday after the company received FDA Fast Track designation for Troculeucel for the treatment of moderate Alzheimer’s disease.
• Mynaric AG (NASDAQ:MYNA) fell 23.7% to $0.4730 in pre-market trading after jumping 134% on Wednesday.
• Fastly, Inc. (NYSE:FSLY) shares tumbled 20.6% to $8.00 in pre-market trading. Fastly reported a fourth-quarter loss of 3 cents per share, down from earnings of 1 cent per share in the prior year’s quarter. Quarterly revenue came in at $140.58 million, beating the $138.27 million analyst consensus estimate. Fastly expects first-quarter losses of between 9 cents and 5 cents per share, versus the loss of 1 cent estimate, and revenue in a range of $136 million to $140 million, versus the $137.05 million estimate.
• Solaris Resources Inc. (NYSE:SLSR) declined 18.1% to $3.30 in pre-market trading.
• Atai Life Sciences N.V. (NASDAQ:ATAI) fell 14.5% to $2.1800 in pre-market trading after the company announced the pricing of public offering of common shares.
• Reddit, Inc. (NYSE:RDDT) fell 14.1% to $185.94 in pre-market trading after the company reported fourth-quarter results.
• Open Lending Corporation (NASDAQ:LPRO) shares dipped 13% to $5.02 in pre-market trading.

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