Premarket Movers: Biotech and Tech Stocks See Early Action, Cannabis Sector Pulls Back

By / / Premarket

Key Takeaways

Premarket trading on Tuesday, July 1, 2025, shows BioNexus Gene Lab Corp (BGLC) leading the gainers with a notable increase. ClearOne Inc. (CLRO) and Interactive Strength Inc. (TRNR) also saw positive movement. On the downside, Professional Diversity Network Inc. (IPDN), Greenlane Holdings Inc. (GNLN), and WEBUY GLOBAL LTD. (WBUY) are experiencing slight pullbacks.

News-Driven Moves

Several companies are seeing premarket activity influenced by recent corporate developments. BioNexus Gene Lab Corp (BGLC) is up significantly, following a reported substantial premarket surge on July 1st. ClearOne Inc. (CLRO) is also gaining after declaring a one-time special stock dividend on June 30, 2025. Interactive Strength Inc. (TRNR) is seeing positive movement on the heels of reiterating strong 2025 pro forma revenue guidance and strategic moves into an AI-focused crypto treasury.

Conversely, Greenlane Holdings Inc. (GNLN) is among the top losers, likely impacted by its recently effective 1-for-750 reverse stock split, a measure taken to regain Nasdaq compliance. WEBUY GLOBAL LTD. (WBUY) is experiencing a slight decline despite positive news of integrating Coinbase for stablecoin payments on July 1st, which could be a minor correction after recent large gains.

Earnings Movers

No specific premarket movements for the highlighted stocks appear to be directly driven by recent earnings beats or misses at this time.

Top 3 Premarket Gainers

  • BioNexus Gene Lab Corp (BGLC): +3.795% – The company experienced a significant premarket surge on July 1st. This follows recent corporate actions, including the appointment of a new Chief Financial Officer on June 23rd and regaining Nasdaq compliance in late April.
  • ClearOne Inc. (CLRO): +1.139% – ClearOne recently declared a one-time special stock dividend on June 30, 2025, which may be contributing to positive investor sentiment. The company also implemented a 1-for-15 reverse stock split earlier in June to meet Nasdaq listing requirements.
  • Interactive Strength Inc. (TRNR): +0.545% – Interactive Strength has been active with strategic announcements, including reiterating its 2025 pro forma revenue guidance of over $75 million and initiating an AI-focused crypto treasury asset strategy with a $500 million facility. The company also completed a 1-for-10 reverse stock split on June 27, 2025.

Top 3 Premarket Losers

  • Professional Diversity Network Inc. (IPDN): -0.216% – This minor premarket decline follows a substantial surge of over 100% on June 30, 2025, which was driven by renewed investor interest, innovative technology partnerships, and increased quarterly revenue. The current movement may represent a slight pullback or profit-taking after these recent significant gains.
  • Greenlane Holdings Inc. (GNLN): -0.181% – Greenlane Holdings recently announced its board's approval of a 1-for-750 reverse stock split ratio, which became effective on June 26, 2025, as part of its ongoing efforts to regain Nasdaq compliance. Such reverse splits can sometimes lead to negative market sentiment.
  • WEBUY GLOBAL LTD. (WBUY): -0.172% – Despite recent positive news, including the integration of Coinbase to accept stablecoin payments on July 1st and a significant gain of 65.19% on June 30th, WEBUY GLOBAL LTD. is experiencing a slight premarket dip. This could be a minor correction or profit-taking after its recent rally and positive developments.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. We are not financial professionals. The authors and/or site operators may hold positions in the companies or assets mentioned. Always do your own research before making financial decisions.