Pre-Market Gainers: Top Stocks and Analysis of the Reasons Behind Their Rise.

1. Greenwave Technology Solutions (GWAV):
   • Stock Performance: Greenwave Technology Solutions (GWAV) is up, with a pre-market trading volume of 84.88 million shares.
   • Reason for Rise: Despite the company notifying investors of a late filing of its Form 10-Q, the stock is up due to heavy trading volume, which is significantly higher than its daily average. This surge in trading volume could be attributed to the recent meme stock rally, as GWAV is a penny stock with a low market capitalization, making it susceptible to volatility and manipulation by traders.
2. Cue Health (HLTH):
   • Stock Performance: Cue Health (HLTH) is also experiencing a pre-market gain, with a trading volume of 81 million shares.
   • Reason for Rise: Similar to GWAV, the rise in HLTH's stock price can be attributed to the high trading volume, which far exceeds its average daily volume. The company's involvement in the healthcare sector, which has seen increased demand during the pandemic, may also contribute to the positive investor sentiment.
3. Netcapital (NCPL):
   • Stock Performance: Netcapital (NCPL) has seen a pre-market increase, with a trading volume of 43 million shares.
   • Reason for Rise: The rise in NCPL's stock price is likely due to the recent positive sentiment towards penny stocks, as the company is involved in the fintech sector, which has experienced increased interest from investors.
4. Innovative Eyewear Inc (LUCY):
   • Stock Performance: Innovative Eyewear Inc (LUCY) has a pre-market gain, with a trading volume of 17.52 million shares.
   • Reason for Rise: The company's recent financial results show a significant increase in revenue, and it has announced plans to enhance its GenAI integration in its smart eyewear. This positive outlook, coupled with the company's focus on innovation, may be driving investor interest and contributing to the stock's rise.
5. Pineapple Energy (PEGY):
   • Stock Performance: Pineapple Energy (PEGY) is experiencing a pre-market increase, with a trading volume of 13.53 million shares.
   • Reason for Rise: The company's stock is likely benefiting from the recent meme stock rally, as it has a low market capitalization and high volatility, making it susceptible to short squeezes and rapid price changes.
6. Akanda (AKAN):
   • Stock Performance: Akanda (AKAN) has a pre-market gain, with a trading volume of 6.3 million shares.
   • Reason for Rise: The company recently enacted a reverse stock split to boost its share price above the minimum required to remain on the Nasdaq Exchange. This corporate action, along with the positive sentiment towards cannabis stocks due to recent legal news, may be contributing to the stock's rise.
7. Nuburu (BURU):
   • Stock Performance: Nuburu (BURU) is up in pre-market trading, with a trading volume of 12.55 million shares.
   • Reason for Rise: The company's stock is likely experiencing a pump due to its low float and high volatility, as it is a penny stock with a small number of shares available for trading. The recent meme stock rally may also be influencing investor behavior.

Conclusion: The pre-market gains observed in these stocks can be attributed to factors such as high trading volume, low market capitalization, recent corporate actions, and sector-specific news. The recent meme stock rally has significantly impacted the trading dynamics of penny stocks, leading to rapid price changes and increased volatility. Investors should exercise caution and conduct thorough research before investing in such high-risk, high-reward securities.