Sometimes the best Monday morning wake-up call is an acquisition rumor with a big number attached. That's exactly what Confluent Inc. (CFLT) shareholders got this morning, as shares rocketed higher in pre-market trading on news that could reshape the data infrastructure landscape.
According to a Sunday report from The Wall Street Journal, International Business Machines Corp (IBM) is in advanced discussions to acquire Confluent for roughly $11 billion. The deal would bring IBM a company that specializes in technology for managing real-time data streams—the kind increasingly used in large artificial intelligence models. In other words, IBM wants a piece of the infrastructure that makes modern AI tick.
The market clearly likes what it's hearing. Confluent shares jumped 31.8% to $30.49 in pre-market trading, reflecting investor optimism that this deal could actually happen.
But Confluent wasn't the only stock making waves before the opening bell. Here's a look at the other big movers in pre-market trading.
The Gainers
Some stocks came out swinging this morning, building on Friday's momentum or reacting to fresh catalysts:
- Treasure Global Inc (TGL) gained 128% to $58.00 in pre-market trading after already jumping 276% on Friday. Yes, you read those numbers correctly.
- Cemtrex Inc (CETX) surged 106.8% to $6.35 in pre-market trading. The company announced last month that it entered into a share purchase agreement to acquire Invocon.
- Top Wealth Group Holding Ltd (TWG) rose 88.5% to $11.35 in pre-market trading after the company issued its fiscal year 2025 profit outlook.
- Paranovus Entertainment Technology Ltd (PAVS) gained 87.4% to $0.069 in pre-market trading. The stock had already jumped 16% on Friday after the company reported a year-over-year increase in first-half preliminary revenue results.
- Fulcrum Therapeutics Inc (FULC) rose 40.4% to $12.50 in pre-market trading after announcing initial results from the 20 mg dose cohort of the Phase 1b PIONEER trial of Pociredir in Sickle Cell Disease.
- MetaVia Inc (MTVA) gained 34% to $10.96 in pre-market trading after gaining 12% on Friday.
- HWH International Inc (HWH) shares jumped 21.8% to $2.23 in pre-market trading.
- Ocular Therapeutix Inc (OCUL) gained 11.3% to $14.00 in pre-market trading.
- Kymera Therapeutics Inc (KYMR) gained 11% to $73.88 in pre-market trading after announcing it will share results from the BroADen Phase 1b clinical trial evaluating KT-621 on Monday, December 8, 2025.
The Losers
Not everyone got good news over the weekend. Several stocks saw meaningful declines before the market even opened:
- Polyrizon Ltd (PLRZ) tumbled 22.1% to $10.20 in pre-market trading after declining 10% on Friday.
- Inspire Veterinary Partners Inc (IVP) declined 19.1% to $0.083 in pre-market trading.
- Gauzy Ltd (GAUZ) fell 19.1% to $1.48 in pre-market trading.
- SMX (Security Matters) Public Limited Company (SMX) fell 17.2% to $275.00 in pre-market trading after jumping 135% on Friday. What goes up quickly can come down just as fast.
- Gulf Resources, Inc. (GURE) shares dipped 16.1% to $6.87 in pre-market trading after declining 4% on Friday.
- Wheeler Real Estate Investment Trust, Inc. (WHLR) dipped 16.1% to $5.35 in pre-market trading after surging 98% on Friday.
- Fly-E Group, Inc. (FLYE) fell 14.4% to $7.08 in pre-market trading. The company announced it received a delinquency notice from Nasdaq regarding a delayed Form 10-Q filing.
- CPI Aerostructures Inc (CVU) dipped 11.6% to $2.55 in pre-market trading.
- Trivago NV - ADR (TRVG) fell 11.3% to $2.76 in pre-market trading.
- iOThree Ltd (IOTR) fell 10.8% to $2.94 in pre-market trading after gaining 8% on Friday.
Pre-market trading often sets the tone for the regular session, but it's worth remembering that lower liquidity can amplify price swings. Still, when you see a 32% pop on acquisition news or triple-digit percentage moves in smaller-cap stocks, it's clear that Monday morning is starting with plenty of action.
