Investors and traders benefit from pre-market movers because that helps them find out future market trends early. ECNs or alternative trading systems (ATSs) can be used for trading pre-market movers. Due to the limited liquidity and volume of these markets, bid-ask spreads are usually wide. Generally, retail brokers only accept a limited number of order types in pre-market movers.
Watch out for these premarket movers.
Lordstown Motors
Lordstown Motors Corp. (RIDE) shares were rising 14.59% to trade at $2.12 in pre-market at last check. RIDE’s stock lost -4.15% to close Monday’s session at $1.85. The stock volume remained at 5.57 million shares, which was higher than the average daily volume of 3.58 million shares within the past 50 days. RIDE shares have fallen by -66.96% over the last 12 months, and they have moved up by 2.21% in the past week. Over the past three months, the stock has lost -21.61%, while over the past six months, it has shed 3.64%. Further, the company has a current market of $374.63 million and its outstanding shares stood at 200.82 million.
BURLESON & CO. LLC bought a fresh place in Lordstown Motors Corp. (NASDAQ: RIDE). The institutional investor bought 121.5 thousand shares of the stock in a transaction that took place on 9/30/2022. In another most recent transaction, which was held on 9/30/2022, PURE FINANCIAL ADVISORS, INC. bought approximately 27.8 thousand shares of Lordstown Motors Corp. In a separate transaction that took place on 9/30/2022, the institutional investor, VICTORY CAPITAL MANAGEMENT, INC. bought 18.9 thousand shares of the company’s stock. The total Institutional investors and hedge funds own 30.90% of the company’s stock.
Ocuphire Pharma
Ocuphire Pharma Inc. (OCUP) has advanced 28.37% at $2.67 in pre-market trading hours on the last check Tuesday. The stock of OCUP lost -5.02% to complete the last trading session at $2.08. The price range of the company’s shares was between $2.08 and $2.1899. It traded 0.86 million shares, which was above its daily average of 82960.0 shares over 100 days. OCUP’s shares have dropped by -11.49% in the last five days, while they have subtracted -11.11% in the last month. Further, it is currently trading at a price-to-book ratio of 2.77.
A recent spot check on the stock’s support and resistance revealed that the publicly-traded Ocuphire Pharma Inc. (NASDAQ: OCUP) shares are trading at a price close to -25.71% lower than its 90-day high. On the other hand, the stock is +10.64% away from its low in the 90-day period. More broadly, OCUP’s current price is -62.18% away from its 52-week high. The price is 16.85% above its 52-week low.
NeuroBo Pharmaceuticals Inc. (NRBO)
At last check in pre-market trading, shares of NeuroBo Pharmaceuticals Inc. (NRBO) were up 25.46% at $2.71. NRBO’s stock closed the last session at $2.16, decreasing -17.24% or -$0.45. Shares of the company fluctuated between $2.16 and $2.67 throughout the day. The number of shares exchanged was 0.27 million, less than the company’s 50-day daily volume of 0.81 million and higher than its Year-to-date volume of 0.2 million. In the past 12 months, the company’s stock has advanced -96.40%, and in the last week, the stock has moved down -71.87%. For the last six months, the stock has lost a total of -84.58%, and over the last three months, the stock has decreased by -81.82%. The stock has returned -94.10% so far this year.
Focusing on the company’s market volatility shows that it has a 1-Week Volatility index of 25.81%, and 17.37% for the month. This stock’s Average True Range (ATR) currently stands at 1.41, with the beta factor poised at -0.04. The indicator of Volatility helps exhibit the extent to which a stock is likely to plummet or climb when the rest of the market also dips or surges. If a stock has a beta score above 1, then its rate of volatility is high. Figures lower than 1, therefore, mean that the stock’s volatility at that particular moment is low.
Hims & Hers Health Inc. (HIMS)
Hims & Hers Health Inc. (HIMS) shares have gained 20.56% at $5.57 in Tuesday’s premarket session. Hims & Hers Health Inc.’s stock added 8.71% to finish the last trading session at $4.62. The stock recorded a trading volume of 3.92 million shares, which is below the average daily trading volume published for the last 50 days of 1.43 million shares. The shares of Hims & Hers Health Inc. have retreated 1.76% in the last five days; however, they have lost -14.13% over the last month. The stock price has shed -27.01% over the last three months and has lost -44.54 percent so far this year. Additionally, it has a price-to-sales ratio that stands at 2.57.
Volatility is just a proportion of the anticipated day-by-day value extension—the range where an informal investor works. Greater instability implies more noteworthy benefit or misfortune. After an ongoing check, Hims & Hers Health Inc. (NYSE: HIMS) stock is found to be 6.25% volatile for the week, while 6.22% volatility is recorded for the month. The outstanding shares have been calculated at 203.95M. Based on a recent bid, its distance from 20 days simple moving average is 2.90%, and its distance from the 50-day simple moving average is -13.45% while it has a distance of -7.76% from the 200-day simple moving average.
Taoping Inc. (TAOP)
Taoping Inc. (TAOP) is rising on the charts today, up 14.78% to trade at $0.689 at the last check in premarket trading. On Monday, shares in Taoping Inc. fell -1.64% to close the day at $0.60. The volume of shares traded was 11932.0, which is lower than the average volume over the last three months of 146.53K. During the trading session, the stock oscillated between $0.60 and $0.6792. The company had an earnings-per-share ratio of 0.14. TAOP’s stock has lost -2.71% of its value in the previous five sessions and -5.98% over the past month but has lost -68.24% on a year-to-date basis. The stock’s 50-day moving average of $0.6532 is above the 200-day moving average of $1.1505. Moreover, the stock is currently trading at an RSI of 41.98.
According to a U.S. Securities and Exchange Commission filing, MW Asset Management – Optimum has added its position in Taoping Inc. (TAOP) to 306,729 shares, mirroring a recent increase of 20.53%. MW Asset Management – Optimum added 52256.0 shares of Taoping Inc. common stock bringing its total worth to about $0.19 million at the end of the recent close, SEC documents show. MW Asset Management – Optimum isn’t the only investment manager who changed stakes and is followed by Fidelity Nasdaq Composite Index E, which sold off 126.0 shares to end up with 24,235 shares worth $15001.0. Fidelity Nasdaq Composite Index F cut their holdings by 0.00% in the company over the course of the most recent quarter. It now holds a 0.02% position in Taoping Inc. thanks to 3739.0 shares amounting to $2314.0.
