Why Penguin Solutions Shares Are Trading Higher By Around 8%; Here Are 20 Stocks Moving Premarket

Shares of Penguin Solutions, Inc. (NYSE:PENG) increased by 7.7% to $69.10 in pre-market trading following the release of its fourth-quarter financial results, which included $566.69 million in revenue, surpassing analyst expectations of $516.12 million. The company also reported adjusted earnings of $1 per share, exceeding estimates of 78 cents per share, and provided FY27 EPS guidance above market estimates. Additionally, Stephen Cumming has been appointed as the new CFO.