TipRanks has compiled a list of Monday’s biggest pre-market stock movements.
Today’s stock market is dominated by mixed market sentiment on company-specific news, macro factors, and other variables. Using TipRanks’ new Top Stock Gainers/Losers page, we’ve identified the top pre-market stock movers, as detailed below.
Biggest Movers
STAAR Surgical Company (STAA) was the biggest gainer in pre-market trading, jumping around 18.44% at last watch. The surge in price followed the U.S. Food and Drug Administration’s (FDA) approval for the company’s EVO/EVO+ Visian Implantable Collamer Lens to correct myopia and myopia with astigmatism. STAAR develops, manufactures, produces, markets, and sells implantable lenses and related instruments.
Marathon Digital Holdings, Inc. (MARA) soared in pre-market trading, recording gains of 8.7% at the time of writing. Though the company has no fundamental news to explain the trading frenzy, it seems that the stock is outperforming along with the spike in Bitcoin spot price. Marathon Digital is a digital asset technology company engaged in mining cryptocurrencies.
American developer and manufacturer of audio products Sonos, Inc. (SONO) surged 9.6% in pre-market trading at the time of writing. The jump in price followed a 3.8% drop in price at Friday’s close. The company has no company-specific news to explain the upward movement.
Singapore-based Sea Limited (SE) completes the list. It lost around 4.58% in pre-market trading, at last watch. The downward movement followed a 5.8% dip in price at Friday’s close. Negative sentiment followed the internet and mobile platform company’s announcement to retreat from India’s retail market. The company started operations in October but has withdrawn on market uncertainty and a weak growth outlook. Shopee India will be shut down beginning March 29.
Continue to watch this space for possible volatility upon the market opens. Tomorrow, we’ll have another up-to-date piece on stock Pre-Market Movers…
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