Webtoon Entertainment Shares Surge 48% Following Strong Earnings; Market Movers Reflect Mixed Pre-Market Activity
Shares of Webtoon Entertainment Inc (NASDAQ:PLAY) soared 48% following the release of its second-quarter earnings report, driving notable investor interest. The surge highlights the growing popularity of digital comics and web novels, a trend Webtoon has capitalized on. Meanwhile, a broader look at pre-market activity reveals a mixed bag of gains and losses across various sectors, influenced by earnings reports, patent announcements, and corporate actions.
webtoon’s positive performance contrasts with declines seen in several other stocks before market open. Hear’s a rundown of 20 stocks experiencing notable pre-market movement:
* Webtoon Entertainment Inc (NASDAQ:PLAY) rose 48% to $26.80.
* CNS pharmaceuticals Inc (NASDAQ:CNSP) dropped 15.2% to $7.80 after a 24% increase on Monday.
* bioAffinity Technologies Inc (NASDAQ:BIAF) fell 14.4% to $0.30, following a 30% jump on Monday after receiving a patent notice for early lung cancer detection.
* Chijet Motor Co Inc (NASDAQ:CJET) dropped 13.7% to $0.099 after an 8% decline on Monday.
* NanoVibronix Inc (NASDAQ:NAOV) fell 11.3% to $9.46 after its subsidiary, sent Medical, secured a patent for a positioning system for insertion devices; shares leaped 65% on Monday.
* MetaVia Inc (NASDAQ:MTVA) dropped 11.3% to $1.33 after climbing 115% on Monday.
* monte Rosa Therapeutics Inc (NASDAQ:GLUE) fell 10% to $6.24 after gaining 44% on Monday following a collaboration with Novartis.
* Adtran holdings Inc (NASDAQ:ADTN) dropped 9.1% to $9.49 after announcing a $150 million convertible senior note offering.
* Amber International Holding Ltd (NASDAQ:AMBR) fell 3.5% to $4.21 despite reporting year-over-year sales growth in the second quarter.
* Altimmune, Inc. (NASDAQ:ALT) dropped 8.8% to $2.60.
* remark Holdings Inc. (NASDAQ:MARK) dropped 8.7% to $0.71.
* Nikola Corporation (NASDAQ:NKLA) dropped 7.9% to $0.52.
* veru Inc. (NASDAQ:VERU) dropped 7.7% to $0.24.
* Zenvia Inc. (NASDAQ:ZENV) dropped 7.4% to $1.82.
* ACM Research, Inc. (NASDAQ:ACMR) dropped 6.9% to $8.40.
* Digimarc Corporation (NASDAQ:DMRC) dropped 6.6% to $2.20.
* Cano Health, Inc. (NASDAQ:CANO) dropped 6.4% to $0.33.
* OceanPal Inc. (NASDAQ:OP) dropped 5.9% to $3.20.
* 99Peak Inc. (NASDAQ:PPAK) dropped 5.8% to $1.31.
* Hywin Holdings Ltd. (NASDAQ:HYW) dropped 5.6% to $1.58.
