Micron Technology's Strong Q2 Performance Sparks Pre-Market Rally

Micron Technology, Inc. MU, a renowned American producer of computer memory and data storage, is experiencing a significant uptick in its share price during pre-market trading, with an impressive gain of approximately 17%. This surge is attributable to the company's release of second-quarter earnings that not only surpassed analyst expectations but also included a robust forecast for the third quarter. Specifically, Micron reported a revenue of $5.82 billion, eclipsing the consensus estimate of $5.342 billion.

Companies Experiencing Pre-Market Movement

Alongside Micron Technology, several other stocks have shown pre-market activity. Notably:

• LiveWire Group, Inc. LVWR, the Milwaukee-based electric motorcycle manufacturer, is on the move.
• Lufax Holding Ltd LU, a Shanghai-founded platform for technology-based personal financial services, is also experiencing pre-market changes.
• LexinFintech Holdings Ltd. LX, targeting young professionals in China with its online consumer finance platform, is among the stocks to watch.
• The Israeli company Wearable Devices Ltd. WLDS is making waves with its innovative non-invasive neural input technology.
• Kaival Brands Innovations Group, Inc. KAVL, distributors of electronic nicotine delivery systems in the US, is in the spotlight.
• Biophytis SA BPTS, a French biotech company focusing on degenerative diseases and COVID-19 treatments, is also drawing attention.
• Value retailer Five Below, Inc. FIVE headquartered in Philadelphia, has shown pre-market shifts in its stock price.
• Los Angeles-based apparel brand Guess? Inc. GES is another company traders are keeping an eye on.
• CuriosityStream Inc. CURI, the Maryland-based fact streaming servicer, has been noted for pre-market activity.
• Canoo Inc. GOEV, a US mobility tech company with a focus on electric vehicles, is seeing pre-market trading action.
• Virtual outpatient health care provider Ontrak, Inc. OTRK is also on the pre-market move list.
• Biotechnology company argenx SE ARGX, known for developing antibody-based therapies, is under the traders' radar.
• Healthcare services platform ETAO International Group ETAO's shares have experienced pre-market trading volatility.
• Beijing's bitcoin mining company Abits Group Inc. ABTS may also face notable stock movements.
• Avinger, Inc. AVGR, which designs medical devices for treating peripheral arterial disease, rounds out the list of stocks to watch in pre-market trading.

Micron, PreMarket, Earnings