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Pre-market hot trades in US stocks: Incannex Healthcare pre-market down 25.98%; Reddit pre-market up 15.20%

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Pre-market Hot Trades in US Stocks

Incannex pre-market down 25.98%. Based on recent important news:

  1. On July 31, Incannex confirmed its cash position is good, with no plans or needs to fully utilize the ATM recently, raising market concerns about its liquidity, leading to a drop in stock price.

  2. On July 30, the company continued to evaluate all clinical data and plans to complete a full clinical study report in the coming months, with the market taking a wait-and-see attitude towards its R&D progress.

  3. No other significant events.

Reddit pre-market up 15.20%. Based on recent important news:

  1. On August 1, Reddit announced its second-quarter financial report, with revenue increasing 78% year-on-year to $500 million, and a net profit of $89 million, exceeding market expectations, with the stock price increasing by 20% in after-hours trading.

  2. On August 1, Reddit's optimistic guidance for the third quarter ignited market sentiment, expecting revenue of $535 million to $545 million, far exceeding Wall Street expectations.

  3. On August 1, Reddit's advertising system optimization and significant user growth drove the stock price up.

Top Gainers in Pre-market US Stocks

Namib Minerals pre-market up 73.48%. Based on recent important news:

  1. On July 31, Namib Minerals successfully listed on NASDAQ, marking a significant milestone in the company's strategic cooperation capabilities, driving a substantial increase in stock price.

  2. On July 31, the company provided the latest corporate update, further enhancing market confidence.

  3. On July 31, a press release reminded that the economic viability of mineral resources has not yet been proven, but it did not affect the stock price increase.

4D Molecular Therapeutics pre-market up 40.00%. Based on recent key news:

  1. On July 31, 4D Molecular Therapeutics released an important announcement, leading to a significant increase in stock price.

  2. On August 1, the market reacted positively to 4D Molecular Therapeutics' announcement, driving the stock price to continue rising.

  3. Recent analysts have upgraded their ratings on 4D Molecular Therapeutics, enhancing market confidence.

Figma pre-market up 26.75%. Based on recent key news:

  1. On August 1, Figma surged 250% on its first day of trading on the NYSE, closing at $115.5, and rising another 24.20% in after-hours trading, quoted at $143.45.

  2. On August 1, Figma's IPO was priced at $33, with an opening price of $85, reaching a market capitalization of $56.3 billion.

  3. On August 1, Figma holds a $70 million Bitcoin ETF and plans to purchase another $30 million in Bitcoin

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