Why Virgin Galactic Shares Are Trading Higher By 6%; Here Are 20 Stocks Moving Premarket

Shares of Virgin Galactic Holdings Inc (NYSE:SPCE) rose sharply in pre-market trading after the company reported financial results for the fourth quarter. Virgin Galactic reported fourth-quarter revenue of $312,000, missing estimates of $495,000, according to Benzinga Pro. The aerospace and space travel company reported a fourth-quarter loss of 98 cents per share, beating estimates for a loss of $1.05 per share. Virgin Galactic said it’s progressing on support testing of its second SpaceShip, which is expected to enter service late in the fourth quarter to early in the first quarter. Virgin Galactic shares jumped 6% to $2.30 in pre-market trading. Here are some other stocks moving in pre-market trading. Gainers Hitek Global Inc (NASDAQ:HKIT) gained 137.7% to $0.095 in pre-market trading after dipping 27% on Monday. The move followed the company’s announcement of a registered direct offering of securities to certain investors. Megan Holdings Ltd (NASDAQ:MGN) gained 50.4% to $0.21 in pre-market trading after dipping 16% on Monday. Artelo Biosciences Inc (NASDAQ:ARTL) gained 34.4% to $11.73 in pre-market trading. Artelo Biosciences announced closing of $11.0 million private placement priced at-the-market under Nasdaq rules. Oxbridge Re Holdings Ltd (NASDAQ:OXBR) rose 30.2% to $1.13 in pre-market trading after reporting fourth-quarter earnings. 3 E Network Technology Group Ltd (NASDAQ:MASK) rose 25.8% to $1.56 in pre-market trading after falling 9% on Monday. Ridgetech Inc (NASDAQ:RDGT) surged 22.2% to $0.038 in pre-market trading after falling 29% on Monday. Allbirds Inc (NASDAQ:BIRD) rose 19.1% to $3.55 in pre-market trading after the company announced that it has entered into a definitive agreement with American Exchange Group to sell substantially all of its intellectual property and certain assets. Affinity Bancshares Inc (NASDAQ:AFBI) gained 14.3% to $22.41 in pre-market trading. Fidelity Bank announced plans to acquire 100% of the common stock of Affinity Bancshares in an all-cash transaction valued at $142.8 million. Polar Power Inc (NASDAQ:POLA) jumped 14.3% to $2.23 in pre-market trading after jumping around 26% on Monday. Losers PepGen Inc (NASDAQ:PEPG) fell 46.8% to $2.25 in pre-market trading after the company announced clinical data from the 5 Mg/Kg multiple ascending dose cohort of the ongoing Phase 2 FREEDOM2-DM1 trial in patients with Myotonic Dystrophy Type 1. CDT Equity Inc (NASDAQ:CDT) dipped 28.3% to $6.70 in pre-market trading after jumping 17% on Monday. Phreesia Inc (NYSE:PHR) tumbled 26.5% to $8.37 in pre-market trading after the company reported mixed fourth-quarter financial results and cut its FY27 sales guidance. Perfect Moment Ltd (NYSE:PMNT) fell 19% to $0.26 in pre-market trading after jumping 75% on Monday. Sangamo Therapeutics Inc (NASDAQ:SGMO) fell 18.6% to $0.25 in pre-market trading after reporting weak quarterly results. JE Cleantech Holdings Ltd (NASDAQ:JCSE) shares dipped 18.6% to $1.40 in pre-market trading. JE Cleantech Holdings shares jumped 72% on Monday after the company announced that its subsidiary JCS-Echigo secured new orders totaling approximately $12 million for precision cleaning systems from an existing customer in the first quarter. Service Properties Trust (NASDAQ:SVC) declined 17.3% to $1.48 in pre-market trading after the company announced a $500 million underwritten public offering. ioneer (NASDAQ:IONR) fell 16.2% to $3.75 in pre-market trading after the company announced that The U.S. District Court for the District of Nevada today issued its decision in Center for Biological Diversity v. Stone-Manning, upholding the approval of the Rhyolite Ridge mine plan. Inventiva ADR (NASDAQ:IVA) fell 14.5% to $4.68 in pre-market trading. Inventiva posted a FY loss of $2.14 per share. Mannatech Inc (NASDAQ:MTEX) dipped 13.3% to $5.90 in pre-market trading. Photo via Shutterstock