Using TipRanks’ Top Stock Gainers/Losers tool, we have compiled a list of Monday’s biggest pre-market stock movers, which is as follows:
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Five Biggest Movers
Seattle-based Getty Images Holdings (NYSE: GETY) topped the list on Monday, with its shares trading 17.2% down in the pre-market session. The dip seems to be a correction after the stock closed almost 50% higher on Friday. Last month, the digital media company was listed on the New York Stock Exchange through a SPAC merger.
Shares of II-VI, Inc. (NASDAQ: IIVI) were down 12.6% at the time of writing. The fall has been witnessed after an SEC filing revealed that an institutional investor reduced its stake in the scientific and technical instrument’s manufacturer. In the first quarter, SG Americas Securities LLC lowered its stake in the company by 46.8%. It now owns 16,418 shares of the company worth $1.19 million.
Shares of AMTD Digital, Inc. (NYSE: HKD) were up almost 10% at the time of writing. The stock gained more than 122% on Friday to close at $400.25, after being listed on the New York Stock Exchange at $7.80 on July 15. The Singapore-based financial media company has been trending higher since its initial public offering (IPO).
Next on the list is British education company Pearson PLC (NYSE: PSO) (GB: PSON). The stock was up 8% early Monday on the back of strong first-half results and reaffirmed full-year guidance. Sales of the company rose 12% year-over-year to around £1.8 billion. Adjusted EPS of £22.5 surpassed earnings of £10.5 per share in the year-ago quarter.
Lastly, shares of Bill.com Holdings, Inc. (NYSE: BILL) slipped 7.4% in Monday’s pre-market trade. The drop follows a recent report by Kenneth Wong of Oppenheimer (NYSE: OPY). The analyst expects the cloud-based software provider to post a loss of $2.35 per share in Fiscal 2022, wider than the consensus estimate of $2.27 a share. The California-based company is scheduled to release its fourth-quarter and full-year results on August 18.
Continue to watch this space for possible volatility upon the market open. Tomorrow, we’ll have another up-to-date piece on stock Pre-Market Movers…
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