Top technology stocks were advancing in Tuesday's pre-market trading.
Stocks moving on news include:
(-) Superconductor Technologies (SCON), which was plunging more than 25% after it priced an underwritten public offering of 1.7 million shares at $1.00 per share, for expected gross proceeds of $1.7 million.
(-) Qutoutiao (QTT) was declining by nearly 5% after it posted an adjusted net loss of RMB2.51 (US$0.37) per ADS in Q1, widening from RMB2.42 per ADS a year earlier, and worse than analysts' estimates of a loss of RMB2.39 per ADS in a Capital IQ poll. Each four ADSs represent one Class A ordinary share of the company.
In other sector news:
(=) Ituran Location and Control (ITRN) was unchanged as it reported Q1 adjusted earnings of $0.50 per share, down from $0.54 in the same period a year ago and missing the estimate of $0.69 from analysts polled by Capital IQ.
Price: 0.9410, Change: -0.32, Percent Change: -25.32
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