IMAC Holdings Shares Surge Over 108%: Here's Why and 20 More Stocks Moving Premarket

IMAC Holdings, Inc. (NASDAQ: BACK) shares have been on a rollercoaster ride, surging over 108% in premarket trading on August 23, 2024. This significant increase can be attributed to several key catalysts driving the stock's performance. First and foremost, the company announced the launch of Ignite Proteomics, a new subsidiary focused on proteomics research and technology. This strategic move signals IMAC's expansion into new areas, which can drive growth and attract investor interest. Additionally, the appointment of Faith Zaslavsky as CEO and the acquisition of Theralink Technologies' assets have contributed to the company's recent success.

However, it's essential to consider the broader market conditions and the competitive landscape in the healthcare sector. While IMAC Holdings' recent developments are promising, investors should remain cautious and monitor the company's financial performance, customer acquisition, and market reception of its new initiatives. By doing so, they can validate the sustainability of this growth and make informed investment decisions.

In addition to IMAC Holdings, there are several other stocks moving in the premarket session. Here are 20 stocks that have caught investors' attention:

1. Dunxin Financial Holdings (DXF) - Up 110.6%: Dunxin Financial Holdings has seen a significant increase in share price, rising 110.6% in premarket trading after a 73% drop on Monday.
2. Planet Image International Limited (YIBO) - Up 85.7%: Planet Image International Limited shares have surged 85.7% in premarket trading, following a 43% surge on Monday.
3. ZK International Group Co., Ltd. (ZKIN) - Up 47%: ZK International Group Co., Ltd. shares have risen 47% in premarket trading after reporting a year-over-year increase in FY24 EPS results.
4. Hepion Pharmaceuticals, Inc. (HEPA) - Up 32.7%: Hepion Pharmaceuticals, Inc. shares have gained 32.7% in premarket trading after falling 13% on Monday. The company recently announced a $9 million public offering.
5. Pulmonx Corporation (LUNG) - Up 27.2%: Pulmonx Corporation shares have risen 27.2% in premarket trading.
6. JIADE Limited (JDZG) - Up 26.1%: JIADE Limited shares have surged 26.1% in premarket trading after gaining around 18% on Monday.
7. Unity Bancorp, Inc. (UNTY) - Up 23.7%: Unity Bancorp, Inc. shares have risen 23.7% in premarket trading.
8. Concentra Group Holdings Parent, Inc. (CON) - Up 14.6%: Concentra Group Holdings Parent, Inc. shares have jumped 14.6% in premarket trading. The company recently announced a 5.5% increase in preliminary fourth-quarter 2024 revenue.
9. Empire Petroleum Corporation (EP) - Up 8.2%: Empire Petroleum Corporation shares have risen 8.2% in premarket trading.

On the other hand, there are also stocks experiencing significant declines in the premarket session:

1. Evergreen Corporation (EVGR) - Down 58.3%: Evergreen Corporation shares have fallen 58.3% in premarket trading.
2. Greenlight Capital Re, Ltd (GLRE) - Down 49.1%: Greenlight Capital Re, Ltd shares have dropped 49.1% in premarket trading.
3. Actuate Therapeutics, Inc. (ACTU) - Down 41.1%: Actuate Therapeutics, Inc. shares have fallen 41.1% in premarket trading.
4. Prothena Corporation plc (PRTA) - Down 31.4%: Prothena Corporation plc shares have declined 31.4% in premarket trading.
5. The Joint Corp. (JYNT) - Down 27.3%: The Joint Corp. shares have fallen 27.3% in premarket trading. The company recently announced a year-over-year increase in patient visits.
6. Varex Imaging Corporation (VREX) - Down 26%: Varex Imaging Corporation shares have dropped 26% in premarket trading. The company will report unaudited financial results for the first quarter of fiscal year 2025 on Thursday, February 6.
7. Champions Oncology, Inc. (CSBR) - Down 22.2%: Champions Oncology, Inc. shares have fallen 22.2% in premarket trading.
8. EVI Industries, Inc. (EVI) - Down 13.1%: EVI Industries, Inc. shares have tumbled 13.1% in premarket trading. The company recently announced plans to acquire Haiges Machinery.
9. Scholar Rock Holding Corporation (SRRK) - Down 13%: Scholar Rock Holding Corporation shares have fallen 13% in premarket trading.
10. Alvotech ALVO - Down 9.6%: Alvotech ALVO shares have declined 9.6% in premarket trading.

Investors should carefully evaluate these stocks and consider their own risk tolerance and investment goals before making any decisions. By staying informed and monitoring the market, investors can capitalize on opportunities and mitigate risks in their portfolios.