Sound Group Inc. - American Depositary Shares (SOGP)

Sound Group just reported results for the first quarter of 2024.

SOGP stock climbed 67% Wednesday after Sound Group announced new AI-powered applications for international markets.

Sound Group has launched a suite of AI-powered applications to improve user productivity and creativity, focusing on smart keyboards, intelligent audio recording and AI audio processing.The company said it expects to further develop its suite of AI products by actively integrating AI generated content technologies.

Shares of International Flavors & Fragrances Inc. (NYSE: IFF) fell during Wednesday’s session after the company reported mixed fourth-quarter financial results and reduced its expected quarterly dividend approximately 50% to 40 cents per share.

Shares of NeoGenomics, Inc. (NASDAQ: NEO) rose sharply in today’s pre-market trading after the company reported better-than-expected fourth-quarter financial results and issued FY24 adjusted EPS guidance above estimates.

It's time to start the day with a breakdown of the biggest pre-market stock movers worth keeping an eye on for Wednesday!