Stocks

Getaround's Impressive Pre-Market Surge and Other Stocks on the Move

Published December 16, 2023

The pre-market trading scene was abuzz as shares of Getaround, Inc. GETR soared approximately 86%, a significant ascent attributed to the company's improved third-quarter financial report. In a striking turnaround, Getaround recorded a quarterly loss of just 29 cents per share, a marked improvement from the previous year's loss of $1.3 per share. This positive momentum reflects investor confidence in the car-sharing platform's growth trajectory.

Spotlight on Market Movers

A diverse array of companies beyond Getaround experienced pre-market activity. Mangoceuticals, Inc. MGRX, headquartered in Dallas, Texas, turns the spotlight on men's wellness through their telemedicine services. On the other side of the world, Lufax Holding Ltd LU continues to evolve personal financial services via cutting-edge technology from Shanghai, China.

In the realm of biopharmaceuticals, Virpax Pharmaceuticals, Inc. VRPX stands out. Operating from Berwyn, Pennsylvania, it is devoted to developing non-opioid, non-addictive pain management solutions with its advanced drug delivery systems. Similarly committed to health care innovation, Aileron Therapeutics ALRN, based in Watertown, Massachusetts, is exploring chemoprotective oncology treatments. Meanwhile, Ensysce Biosciences, Inc. ENSC from La Jolla, California is immersed in the creation of next-gen prescription drugs.

From printed pages to batteries, the pre-market landscape is diverse. Scholastic Corporation SCHL, a staple in children's literature, operates globally out of New York, while Eos Energy Enterprises, Inc. EOSE from Edison, New Jersey, is making strides in the energy sector with their battery storage systems. And let's not overlook Solo Brands, Inc. DTC, a direct-to-consumer powerhouse enriching the outdoor lifestyle from Southlake, Texas.

Emerging Enterprises and Global Giants

Expanding the financial technology frontier, Netcapital Inc. NCPL operates from Boston, Massachusetts. Heading back to Shanghai, Brilliant Acquisition Corporation BRLI exemplifies the potential of blank check companies in the current marketplace.

From transport logistics like Hudson Capital Inc. FRGT in New York to medical technologies such as Heart Test Laboratories, Inc. HSCS in Texas, companies are pushing the boundaries of their respective fields. These dynamic market movements showcase an eclectic financial landscape, teeming with innovation across various sectors and geographies—a narrative woven by corporate strategies and investor sentiments alike.

Getaround, pre-market, shares