CNET Overview

Stitch Fix Performance: Shares of Stitch Fix, Inc. rose 8.4% in pre-market trading after reporting better-than-expected third-quarter results, with losses of six cents per share and revenue of $325.02 million, surpassing analyst estimates.

Market Movements: Several stocks experienced significant pre-market trading changes, including Catheter Precision, Inc. which surged 101.9%, while Graphjet Technology saw a decline of 37.3% following a delisting notice from Nasdaq.

Director Resignation and Appointment: ZW Data Action Technologies Inc. announced the resignation of independent director Kevin Choi, with no disagreements noted, and appointed Justin Tam as the new independent director, who meets Nasdaq qualifications.

Company Performance Overview: The company's year-to-date price performance is down 41.87%, with an average trading volume of 97,640 and a current market cap of $4.2 million, while the technical sentiment consensus rating is "Buy."

Levi Strauss & Co. Earnings Report: Levi Strauss shares fell 10.6% in pre-market trading despite posting better-than-expected earnings for the third quarter, as sales missed estimates and the company projected adjusted earnings for fiscal year 2024 slightly below expectations.

Pre-Market Stock Movements: Several stocks experienced significant movements in pre-market trading, with Conduit Pharmaceuticals rising 47.3% and EON Resources declining 17.7%, reflecting a mix of gains and losses among various companies following recent performance fluctuations.

Reverse Stock Split Announcement: ZW Data Action Technologies Inc. has approved a 1-for-4 reverse stock split effective September 30, 2024, to comply with Nasdaq's minimum bid price requirement of $1.00.

Impact on Shareholders: The reverse split will reduce the number of authorized shares from 50 million to 12.5 million, but shareholders' percentage ownership and voting power will remain largely unchanged, with no fractional shares issued.

Oracle Corporation Earnings Report: Oracle shares surged 8.8% in pre-market trading following a strong earnings report and the launch of Oracle Database@AWS, allowing customers to access Oracle's services on Amazon's infrastructure.

Stock Movements: Several stocks saw significant pre-market gains, including Silexion Therapeutics (up 62.2%) and Quoin Pharmaceuticals (up 35.4%), while others like Singularity Future Technology and Edgio experienced notable declines.

Trip.com Group Performance: Trip.com Group Limited's shares rose 9.7% in pre-market trading after reporting second-quarter adjusted earnings of $1.00 per ADS, surpassing market expectations of 74 cents.

Market Movers: Several stocks saw significant pre-market movements, with Trinity Biotech plc gaining 87.5% and Smart for Life, Inc. rising 50.9%, while Nxu, Inc. and QT Imaging Holdings, Inc. experienced declines of 12% and 11.2%, respectively.