Why KULR Technology Shares Are Trading Higher By Around 19%; Here Are 20 Stocks Moving Premarket
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 15 2025
0mins
Source: Benzinga
KULR Technology Group Performance: KULR Technology Group, Inc. shares surged 19.3% in pre-market trading after reporting second-quarter revenue of $3.97 million and earnings of 22 cents per share, both exceeding estimates.
Market Movements: Several stocks experienced significant pre-market trading changes, with Perfect Moment Ltd rising 151% and Origin Materials, Inc. dropping 36.8% following their respective quarterly results.
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Analyst Views on GLOB
Wall Street analysts forecast GLOB stock price to rise
13 Analyst Rating
5 Buy
8 Hold
0 Sell
Moderate Buy
Current: 38.420
Low
61.00
Averages
76.36
High
100.00
Current: 38.420
Low
61.00
Averages
76.36
High
100.00
About GLOB
Globant S.A. is a digitally native technology services company. The Company’s principal operating subsidiary is based in Buenos Aires, Argentina. During the year ended December 31, 2015, 83.7% of its revenues were generated by clients in North America, 11.0% in Latin America and Asia, and 5.3% in Europe. It builds digital journeys, which consists of different software products, including mobile apps, Web apps, sensors and other software and hardware appliances that work orchestrated by a backend that uses big data and fast data to create a understanding of each consumer and how to act upon each scenario. The Company delivers digital journeys with a comprehensive approach that includes Stay Relevant, which helps its customers stay fit for the future of their industries; Discover, which think and conceive specific digital journeys for each customer; Build, which creates each digital journey leveraging the work of its Studios, its services over platforms and its agile pods methodologies.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Investor Rights Reminder: The Law Offices of Frank R. Cruz remind affected investors of the deadlines on June 22 and 23, 2026, encouraging them to participate in the lawsuits to protect their rights.
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- Promise vs. Reality: Globant projected an 11% growth in the IT sector in Latin America, yet revenue contracted by 9%, causing shares to plummet from $210.17 to $66.46, resulting in over $143 loss per share, highlighting a significant disconnect between strategic ambitions and market realities.
- Headcount Reduction: Despite claims of significant investments in Mexico and Brazil, the company reduced its workforce by 1,000, and wage freezes in high-inflation environments led to employee unrest, further hampering operational efficiency and client satisfaction.
- Legal Allegations Uncovered: The lawsuit alleges that Globant and its executives made materially false statements regarding the health of Latin American operations while concealing client defections and operational deterioration, leading to substantial shareholder losses following three corrective disclosures in 2025.
- Increased Restructuring Costs: The company recorded a $47.6 million restructuring charge, reflecting significant challenges in executing its strategic plans in the Latin American market, severely undermining investor confidence in future performance.
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- Lawsuit Background: Bernstein Liebhard LLP announces a securities class action lawsuit on behalf of investors who purchased Globant S.A. (NYSE: GLOB) common stock between February 15, 2024, and August 14, 2025, alleging misrepresentations regarding the company's Latin American operations, which may have led to investor losses.
- Investor Rights: Affected investors are encouraged to file papers by June 23, 2026, to serve as lead plaintiff in the class action, representing other members in the litigation, although they can still share in any recovery without being the lead plaintiff.
- Legal Fee Arrangement: All representation in this lawsuit is on a contingency fee basis, meaning shareholders incur no fees or expenses, which reduces the financial burden on investors and encourages more victims to seek legal recourse.
- Law Firm Background: Bernstein Liebhard LLP has recovered over $3.5 billion for clients since 1993 and has been recognized multiple times in The National Law Journal’s “Plaintiffs’ Hot List” for its success in litigating hundreds of class actions, demonstrating its expertise and influence in the securities litigation field.
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- Class Action Filed: Pomerantz LLP has announced a class action lawsuit against Globant SA, alleging securities fraud and other unlawful business practices, with investors advised to apply as Lead Plaintiff by June 23, 2026.
- Declining Latin American Revenue: Globant reported a 1.3% decrease in Latin American revenue for Q4 2024, prompting a cautious outlook for Q1 2025, as CEO highlighted challenges due to political turmoil in the region.
- Stock Price Volatility: Following disappointing earnings reports, Globant's stock price plummeted by 27.81% on February 21, 2025, and 23.61% on May 16, 2025, reflecting investor concerns over its Latin American business outlook.
- Increased Restructuring Costs: In Q2 2025, Globant disclosed a 2% workforce reduction and a $47.6 million restructuring charge, raising further concerns about its financial health and leading to an additional 14.93% drop in stock price.
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- Stock Price Plunge: On February 20, 2025, Globant reported a 1.3% decline in Latin American revenue for Q4 2024, causing its stock to plummet 27.8% to $151.72 the following day, resulting in significant investor losses.
- Continued Decline: On May 15, 2025, Globant announced a 9% year-over-year drop in Latin American revenue in its Q1 2025 report, citing challenges from macroeconomic and geopolitical factors, leading to a further 23.6% drop in stock price to $101.47, eroding investor confidence.
- Layoffs and Restructuring: On August 14, 2025, Globant revealed it had cut approximately 1,000 jobs and incurred a $47.6 million restructuring charge, which resulted in a 14.9% decline in stock price to $66.46, highlighting severe operational challenges.
- Class Action Initiated: Investors have filed a class action lawsuit against Globant for failing to disclose adverse information regarding declining demand in Latin America and wage freezes, seeking to appoint a lead plaintiff by June 23, 2026, to recover losses.
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- Class Action Initiated: Bronstein, Gewirtz & Grossman LLC has filed a class action lawsuit against Globant S.A. to recover damages for investors who purchased its securities between February 15, 2024, and August 14, 2025, indicating strong investor response to potential fraud allegations.
- Allegations Details: The complaint alleges that Globant's 'Latin American pivot' was unsuccessful, leading to client defections and project cancellations, while the company froze employee wages in Mexico and Argentina, triggering employee unrest and degrading client service quality, highlighting significant governance and operational flaws.
- Investor Rights Protection: Investors have until June 23, 2026, to apply as lead plaintiffs, with the law firm offering services on a contingency fee basis, ensuring that investors only pay fees if they succeed in their claims, thereby reducing legal risk for investors.
- Law Firm Background: Bronstein, Gewirtz & Grossman LLC is a nationally recognized firm specializing in investor rights, having recovered hundreds of millions for investors, emphasizing its expertise and successful track record in securities fraud class actions to uphold market integrity.
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