Why iBio Shares Are Trading Lower By Around 48%; Here Are 23 Stocks Moving Premarket

Gainers

• TransCode Therapeutics, Inc. (NASDAQ: RNAZ) shares rose 71.3% to $0.7190 in pre-market trading after the company reported withdrawal of registration statement.
• The Very Good Food Company Inc. (NASDAQ: VGFC) shares rose 37% to $0.1096 in pre-market trading after droping 17% on Tuesday. Very Good Food recently said it plans to launch its products at Albertsons Companies grocery stores across the U.S.
• MongoDB, Inc. (NASDAQ: MDB) rose 26.9% to $183.59 in pre-market trading after the company reported better-than-expected sales results. The company also issued Q4 and FY23 EPS and sales guidance above analyst estimates.
• Scopus BioPharma Inc. (NASDAQ: SCPS) shares rose 19.2% to $0.24 in pre-market trading after dropping around 5% on Tuesday.
• Meta Materials Inc. (NASDAQ: MMAT) rose 14.9% to $2.24 in pre-market trading after climbing 14% on Tuesday.
• uCloudlink Group Inc. (NASDAQ: UCL) rose 9% to $3.77 in pre-market trading. UCLOUDLINK recently signed a Memorandum of Understanding with Singapore EV provider Apollo EV to provide high-quality in-vehicle network connectivity solutions.
• Edgio, Inc. (NASDAQ: EGIO) rose 8% to $1.500 in pre-market trading after dropping 4% on Tuesday. Edgio, last month, reported worse-than-expected Q3 sales results and issued Q4 sales guidance below analyst estimates..
• KLX Energy Services Holdings, Inc. (NASDAQ: KLXE) rose 7.8% to $15.39 in pre-market trading after declining over 4% on Tuesday.
• E-Home Household Service Holdings Limited (NASDAQ: EJH) rose 7.7% to $0.5480 in pre-market trading after dropping over 5% on Tuesday.
• ESS Tech, Inc. (NYSE: GWH) rose 7.7% to $3.08 in pre-market trading after dropping over 13% on Tuesday.

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Losers

• iBio, Inc. (NYSE: IBIO) fell 47.5% to $0.8367 in pre-market trading after the company reported pricing of $3.5 million underwritten public offering of 3,365,385 shares at $1.04 per share.
• Versus Systems Inc. (NASDAQ: VS) fell 38.6% to $0.9139 in pre-market trading. Versus Systems recently regained compliance with Nasdaq Minimum Bid Price Requirement.
• Winc, Inc. (NYSE: WBEV) shares fell 29.1% to $0.2482 in pre-market trading after dropping over 15% on Tuesday.
• X4 Pharmaceuticals, Inc. (NASDAQ: XFOR) shares fell 15% to $1.02 in pre-market trading after the company reported a proposed public offering.
• Cosmos Holdings Inc. (NASDAQ: COSM) shares fell 12.6% to $0.4109 in pre-market trading after dipping 17% on Tuesday.
• Fangdd Network Group Ltd. (NASDAQ: DUO) fell 12.6% to $1.10 in pre-market trading after dropping more than 7% on Tuesday.
• Tuya Inc. (NYSE: TUYA) shares fell 12.4% to $1.34 in pre-market trading after gaining around 12% on Tuesday.
• Vallon Pharmaceuticals, Inc. (NASDAQ: VLON) fell 12.1% to $0.2050 in pre-market trading.
• Equillium, Inc. (NASDAQ: EQ) fell 9.5% to $1.50 in pre-market trading. Equillium announced an option and asset purchase agreement through which Ono Pharmaceutical Co Ltd gains the exclusive option to purchase Equillium's rights to itolizumab.
• Castor Maritime Inc. (NASDAQ: CTRM) fell 9% to $1.42 in pre-market trading.
• Niu Technologies (NASDAQ: NIU) fell 8.5% to $4.62 in pre-market trading after surging around 15% on Tuesday. Niu Technologies recently reported worse-than-expected Q3 EPS results.
• GDS Holdings Limited (NYSE: GDS) fell 7.8% to $16.80 in pre-market trading.
• Kingsoft Cloud Holdings Limited (NASDAQ: KC) fell 7.1% to $3.03 in pre-market trading.