HomeMarket NewsBiggest stock movers today: Cardiff Oncology, MillerKnoll and more

Biggest stock movers today: Cardiff Oncology, MillerKnoll and more

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Stock futures rose slightly in premarket trading on Wednesday following significant losses on Tuesday.

Here are some of today’s notable movers in premarket trading:

Top Gainers

Shares of Cardiff Oncology (NASDAQ:CRDF) soared over 40% after the company announced positive results for phase 2 data on their pancreatic cancer drug candidate, onvansertib. The study revealed that combining onvansertib with standard treatment led to a 19% objective response rate and a median progression-free survival of 5 months, compared to 3.1 months previously.

MillerKnoll (NASDAQ:MLKN) experienced a 17% surge in its stock price after surpassing Q1 expectations and reporting significant gross margin expansion. Moreover, the company upgraded its FY2024 EPS forecast to $1.85-$2.15 from the previous $1.70-$2 range, surpassing the consensus estimate of $1.81.

Top Losers

Morphic (NASDAQ:MORF) saw its shares drop by over 5% following the announcement that CEO Praveen Tipirneni had to take an urgent medical leave of absence due to a medical emergency. During Tipirneni’s absence, the executive team, led by President Bruce Rogers and COO and CFO Marc Schegerin, will handle the day-to-day operational activities.

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