Upside, Downside Movers in the Morning
Upside
CRGO +17.5% (Q2 revenue beat expectations and loss narrowed; on track toward breakeven)
OABI +17.5% (no clear fresh catalyst identified; notable premarket move on solid volume)
TRU +17.0% (major premarket gain after fresh positive investor catalyst; among the strongest liquid movers before the open)
OCUL +13.0% (no clear fresh catalyst identified; notable premarket move)
HIVE +12.5% (Q1 revenue jumped ~74% with contracted GPU cloud ARR reaching approximately $110M)
ARGX +11.5% (Phase 3 ALKIVIA met primary endpoint with clinically meaningful TIS improvement in autoimmune myositis)
ALAB +5.5%, AMD +2.5%, MRVL +3.0% (AI-semiconductor names rise as investors extend optimism around AI infrastructure demand)
SNDK +4.5%, MU +3.0%, WDC +3.5%, STX +2.5% (memory/storage names rise on AI demand and tight supply dynamics)
BABA +2.5% (rises after strategic portfolio shift and AI-focused repositioning)
Downside
EYPT –65.0% (Phase 3 LUGANO primary endpoint missed, confounded by asymmetric cohort with vision loss unrelated to wet AMD)
APUS –27.0% (no clear fresh catalyst identified; large premarket move)
FUFU –18.0% (Q2 results disappointed)
BRFH –15.5% (Q2 results and FY guidance cut as production inefficiencies weighed more than expected)
SNAP –10.0% (legal pressure after 9th Circuit denial of Section 230 immunity in social-media addiction cases)
ALH –7.5% (sharp premarket decline among notable early losers)
LHX –5.0% (CEO and chairman departure following conduct-related issues)
Positions: None.
