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Robinhood’s Pre-Market Surge: A Beacon of Hope in a Sea of Volatility

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The stock market can be a rollercoaster β€” a feeling most investors know all too well. But every rollercoaster needs its highs to balance the lows, and today, Robinhood Markets, Inc. is serving up a dose of that high-octane thrill.

Robinhood has been the talk of the town after reporting a surge in trading metrics for February, driving total funded customers to 23.6 million by the end of the month – a surge of approximately 130,000 from January. Investors couldn’t help but respond to this news by sending Robinhood shares soaring by 11.6% to $19.15 in pre-market trading.

Amidst the market madness, Robinhood has emerged as a phoenix rising from the ashes, rallying investors and reigniting hope in a time of uncertainty.

But Robinhood isn’t the only one making waves β€” here are some other stocks making moves in pre-market trading.

Rising Stars

  • ShiftPixy, Inc. PIXY saw a meteoric rise of 50.4%, hitting $4.89 in pre-market trading after a solid 3% gain on Wednesday.
  • Presto Automation Inc. PRST climbed 39.6% to $0.3140 in pre-market trading, following a 15% surge the day before.
  • CCSC Technology International Holdings Limited CCTG rose 29.9% to $4.35 in pre-market trading after a 14% increase on Wednesday.
  • Turtle Beach Corporation HEAR surged 23.5% to $13.64 in pre-market trading after announcing a game-changing acquisition and a β€œDutch Auction” Tender Offer. The company’s fourth-quarter financial results added fuel to the fire.
  • Spero Therapeutics, Inc. SPRO climbed 18.1% to $1.96 in pre-market trading, following stellar fourth-quarter financial results.
  • New Horizon Aircraft Ltd. HOVR saw shares rise by 18.1% to $3.12 in pre-market trading after a 10% increase the day before.
  • BigBear.ai Holdings, Inc. BBAI soared 13.3% to $2.79 in pre-market trading after a 5% increase on Wednesday, despite reporting weaker-than-expected fourth-quarter financial results.
  • Mind Medicine (MindMed) Inc. MNMD rose 13.2% to $9.73 in pre-market trading after a 9% gain on Wednesday.
  • Auddia Inc. AUUD saw shares climb 13.1% to $3.11 in pre-market trading, rebounding from a 6% drop the day before.

Fallowing Stars

  • Spruce Biosciences, Inc. SPRB plummeted 74.2% to $1.34 in pre-market trading after revealing FY23 results. The company also announced strategic reevaluation and cost-cutting measures, including a significant reduction in workforce.
  • Solidion Technology Inc. STI plunged 33.5% to $0.83 in pre-market trading after finalizing its $3.85 million private placement.
  • Fisker Inc. FSR dropped 32.4% to $0.2178 in pre-market trading as bankruptcy rumors loom large. The Wall Street Journal reported on potential bankruptcy filings, adding to the stock’s woes.
  • Hello Group Inc. MOMO tumbled 19.1% to $6.21 in pre-market trading following a mixed bag of fourth-quarter financial results and first-quarter revenue projections.
  • Erayak Power Solution Group Inc. RAYA fell 19.1% to $0.76 in pre-market trading after a staggering 31% increase on Wednesday.
  • Pagaya Technologies Ltd. PGY declined 14.1% to $13.32 in pre-market trading as the company initiated an underwritten offering of 6.5 million shares.
  • Futu Holdings Limited FUTU shares slid 11.5% to $57.90 in pre-market trading following its latest quarterly results.
  • Global Gas Corporation HGAS shares fell 10.3% to $2.27 in pre-market trading after a 16% surge on Wednesday.
  • Vroom, Inc. VRM shares dipped 9.4% to $15.85 as the company posted a fourth-quarter loss of $80.51 per share. On a brighter note, the company’s quarterly sales outperformed expectations at $235.92 million.
  • Qilian International Holding Group Limited QLI shares stumbled 9.2% to $0.5905 in pre-market trading after a remarkable 18% rise on Wednesday.

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